Relative Strength Index Forex Indicator

RSI – Relative Strength Index Forex Indicator

The RSI indicator is a broadly utilized forex indicator in the forex trading business. It stands for Relative Strength Index. The RSI is a type of oscillating indicator that is primarily utilized as a Technical Analysis indicator that moves on top of or beneath a center line.

It has two bands on either side that indicates overbought as well as oversold circumstances, much like the Bollinger Bands forex indicator.

An exception to an oscillating forex indicator is the MACD which does not have an upper and lower band present. As far as banded oscillators are concerned, the RSI is the probably the most widely used version in technical analysis.

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Tags: currency trading, relative strength index, relative strength index forex indicator, relative strength index indicator, RSI, rsi indicator

Sunday, July 4th, 2010 currency trading 3 Comments

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