RSI (Relative Strength Index)

RSI measures the magnitude of recent price changes to evaluate overbought or oversold conditions.

RSI (Relative Strength Index)

• How It Works:

  • RSI values range from 0 to 100. Values above 70 indicate overbought conditions (potential sell), and values below 30 indicate oversold conditions (potential buy).

• Use Case:

  • To filter out signals that might be at overbought or oversold levels, providing a safer entry point.