The RSI indicator buy and sell signals are based on oversold and overbought conditions on a stock chart. The RSI is a measurement of price moving too far and too fast in one direction and as the RSI gets extended farther from the 50 RSI middle line the probability of a reversion to that mean […]
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This is a Guest Post by: Colibri Trader @priceinaction. This article is used here with permission and originally appeared The RSI Indicator Explained on ColibriTrader.com. The RSI Indicator Explained The American mechanical engineer and investor, J.Welles Wilder, developed some of the most popular technical indicators used today. These include the Average True Range (ATR), Average Directional
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