forextra: The Relative Strength Index (RSI) is an stochiastic oscillator that moves up and down in response to changes in market rates.
It has garnered great respect among traders as one of the most accurate indicators for evaluating current market trend strength.
Here is how it works. A reading of 30 or under is considered “oversold” and identifies a potential rate increase. A reading of 70 or higher is considered “overbought” and identifies a potential rate decrease.
The platform will calculate the RSI for you, but it is good to understand how it works, because there are different ways to…
from Forex Trading Co – Currency Markets Explained: Tips, Strategies + More For Online Traders