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Username: Maria

Rating:
Guru Stars

Asked to: Jun Wang

Date Created: 19 May 2015
Category 25
Tag 191
Question <p>What is the Relative Strength Index - RSI?</p>
Advice from Guru
Hello Maria,

A technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. It is calculated using the following formula:

RSI = 100 - 100/(1 + RS*)

*Where RS = Average of x days' up closes / Average of x days' down closes.

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