What is the#RSIindicator?

The RSI indicator or Relative Strength Index, translated as relative strength index, is an oscillator that measures price strength. It seeks to measure how quickly the price of an asset rises or falls in a given period. Graphically, the RSI is in the form of an oscillator that moves in a range from 0 to 100.

The so-called overbought or oversold zone occurs when the indicator level is above or below an established level. When the RSI is in the overbought zone, bullish exhaustion is expected and conversely for oversold conditions where the price is expected to rise.

The classic configuration of the RSI is to work it in 14 periods in terms of the price of the asset, taking level 70 as overbought and level 30 as oversold.