( HINT: Click-and-drag left-to-right on the top chart (S&P 500) to zoom in to a specific date range. Double-click on S&P 500 chart to zoom back out. )
The Relative Strength Index (RSI) is a widely followed market timing technical indicator, although it has become less accurate in recent years. First introduced by J. Welles Wilder in his 1978 classic New Concepts in Technical Trading Systems, it uses a rather primitive algorithm by today's standards. The RSI measures how quickly the stock or index has risen or fallen, and thus can demonstrate an overbought or oversold condition. Both high and low RSI values are unsustainable, and thus are used as indicators in stock market timing systems. The CrystalBull.com Trading Indicator is a far more accurate indicator for stock market timing and trading systems.
Relative Strength Index (RSI) : A technical trading algorithm conceived by J. Welles Wilder in his 1978 book New Concepts in Technical Trading Systems. It is a form of momentum oscillator which compares the averages of the last 14 trading days' UP closes to the last 14 days' DOWN closes. The RSI is a widely-followed technical indicator, although, due to its rather primitive calculus, its accuracy is less than optimum.
The Relative Strength Index (RSI) is a widely followed market timing technical indicator, although it has become less accurate in recent years. First introduced by J. Welles Wilder in his 1978 classic New Concepts in Technical Trading Systems, it uses a rather primitive algorithm by today's standards. The RSI measures how quickly the stock or index has risen or fallen, and thus can demonstrate an overbought or oversold condition. Both high and low RSI values are unsustainable, and thus are used as indicators in stock market timing systems. The CrystalBull.com Trading Indicator is a far more accurate indicator for stock market timing and trading systems.