If the sum of the average positive prices is bigger than that of the negative ones, the values of the indicator go upwards if vice versa, the indicator values decline. To put it simply, the indicator is calculated as the difference between the positive and negative closing prices of a certain timeframe.
#Which rsi application did i click on download
RSI is available on most trading platforms, so there is no need to download anything: it is enough to click a few buttons, and the indicator window will appear above the chart of the instrument. Such indicators predict a high possibility of a reversal. Such type of instruments has been developed for flats, where they show, how much the price has deviated from the average or how fast it is moving. As noted above, the indicator is an oscillator. The RSI is a very popular instrument, used by not only beginner traders but also experienced ones, who are confident with such difficult but high-quality methods as Elliott Wave Analysis. In this post I will say about the most important aspects in my view related to the topic: Description of the RSI The author tried to cover as many market situations as possible in order to show the application of the indicators. Apart from the RSI, which, in essence, is an oscillator (such instruments working best in the times of flats), the book describes several other indicators with various properties and application methods. It is worth noting, that all calculations and drawings on the charts were done manually by the author. Welles Wilder and described in much detail in his book "New Concepts in Technical Trading Systems". Of course, such situations do not happen every day, however, this feature is really interesting and useful for the analysis of the current market situation. The Relative Strength Index ( RSI) is one of the few trader's instruments able to go ahead of the price.
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