Read The Guide on Relative Strength Index RSI

Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a well-versed momentum based oscillator which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements. Essentially RSI is a viable indicator of price movements.

RSI operates between a scale of 0 and 100 and the closer RSI is to 0, the weaker the momentum is for price movements and if the RSI is closer to 100 indicates a period of stronger momentum.

What To…

READ MORE  Bitcoin Unlimited Adds ABC Client Upgrade Features for November's Hard Fork
READ MORE  Bitcoin Gradually Increased in Price in September, Case for a Bull Run

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *