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Home ---> Products --> The Bourse --> Charting Tools

Relative Strength Index

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Description

The Relative Strength Index is a front-weighted price-velocity ratio that can vary in value between zero and one hundred. A Relative Strength Index above fifty signals a bullish market trend and an RSI below fifty signals a bearish trend.

Calculation of the RSI involves comparing the exponentially smoothed moving averages of gains and losses over a term that you specify. You will need to experiment to find the optimum term for each security.

Reference:

  • Colby and Meyers (1988). The Encyclopedia of Technical Market Indicators. Dow Jones-Irwin.
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