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Reference Guide / Indicators / RSI - Relative Strength Index

Reference Guide / Indicators / RSI - Relative Strength Index


Name

Relative Strength Index

Definition

Relative Strength Index is a momentum indicator that measures the velocity and magnitude of price movements. It generates an oscillating signal that ranges between 1 and 100. RSI is most commonly used with a 14 day time-frame. Values under 30 are often considered as bullish signals whereas values over 70 are often considered as bearish signals.

Parameters

Parameter 1 
	Definition:    	Averaging Period (days)
	Default Value: 	14
	Minimum Value: 	1
	Maximum Value: 	100

Examples

RSI(14).LE(30)
	When 14 day Relative Strength Index is less than or equal to 30 
	
RSI(14).GE(70)
	When 14 day Relative Strength Index is greater than or equal to 70
  	
RSI(16).MIN
	When 16 day Relative Strength Index is at its minimum

Sample Strategy

Relative Strength Index - RSI Strategy