RSI

    Relative Strength Index

    Technical Analysis

    A momentum oscillator that measures the speed and magnitude of recent price changes. Oscillates between 0 and 100.

    Formula

    RSI = 100 - [100 / (1 + (Average Gain / Average Loss))]

    Why it matters

    RSI above 70 suggests overbought (potential selling opportunity). Below 30 suggests oversold (potential buying opportunity). Use with other indicators.

    Indian example

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