Relative Strength Index
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and magnitude of price changes, helping traders identify overbought and oversold conditions. Developed by J. Welles Wilder in 1978, RSI oscillates between 0 and 100, with readings above 70 traditionally indicating overbought conditions and below 30 suggesting oversold. For option traders, RSI … Read more