Today's short topic is RSI.
Let me give you a brief definition that everyone knows:
The relative strength index is a technical indicator used in the analysis of financial markets. It was developed by J. Welles Wilder in 1978 and was first published in his book. RSI is a momentum oscillator and simply generates overbought - oversold signals.
Let's go through the image I put below.
When it goes above 70, the future of sales is predicted.
When it goes below 30, it is predicted that it will go up (up). So is it that simple? Of course no. It's over 70, it's not just saying let's sell it right away. Follow along and I will convey you the positive/negative dissonance on the RSI. It will be more functional that way.
Series follow and like :)
