RSI Indicator Trading Strategy Summary

Summary of RSI indicator:

The RSI indicator is one of the most widely and commonly used technical indicators available. RSI technical indicator is a momentum oscillator with some trend following characteristics.

RSI is one of the most popular indicators used in forex technical analysis and it used to generate forex signals using crossover trading strategy.

RSI indicator plots the divergence and convergence of forex charts patterns. The RSI is constructed using chart price movements. The RSI indicator is used to determine if:

The forex prices are closing lower than where they opened - RSI indicator below 50 center line mark or

The forex prices are closing higher than where they opened - RSI indicator above 50 center line mark

RSI Indicator Trading Strategies