Trade to beat the system!The relative strength index (RSI), is one of the most popular technical indicators, is computed on the basis of the speed and direction of a stock’s price movement.
Computation: The RSI is calculated using a two-step process. First, the average gains and losses are identified for a specified time period. For instance, if you want to calculate the 14-day RSI— you can consider any time period, but the 14-day RSI is the most commonly used—suppose the stock went up on nine days and fell on five days. The absolute gains (stock’s closing price on a given day — closing price on the previous day) on each of these nine days are added up and divided.
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