Today we'll discuss one of the most important indicator that is relative Grant aimed at.
Now what is really.
Now Rennert different index that is RSA is an indicator and take Meikle analysis that is used to forecast
that of legal trade off stock market or stock or for weeks or any other financial instrument.
It has me tchotchke the current trend on things like this are for stock or closing prices or for release
trading period.
The they should not be confused with any.
They didn't even get credit.
So the difference between these two indicator is the name.
This is the relative strength index and distraint is a completely different indicator.
Now I say is a momentum indicator.
Measuring the velocity and magnitude of directional price movement.
So the I'd say is mostly used on a 14 days time period and is measured on a scale from zero to 100.
But basically marking one high and low level at 70 and 30 respectively the same index is going by table
less varied and published in 1978 broke new contacts in technical trading systems and in the future
as seen in the June 1978 issue.
It has become one of the most popular character indexes now the principles when I say anything greater
than it was.
Think you get to be bought as I said being on duty.
I continue to work toward therefore between Turkey and Turkey.
It can take it can be a new skill level as a sign of no bought and sold condition.
It is talk that if you can above 70 and below 30 on the I say a strong indicator of market change train
for example.
I'd say at 76 Frasca 72 then rises up to 77.
If it falls below some people then it's a feeling you swing both key divergence.
It is believed that divergence between RSI and price action is very strong indication that the market
turning point is confirmed Well it's a when Price makes a new high.
But RSA makes a lot high tops.
Feeling too good for them.
Polish divergence occurs when Price Meek's a new low but RSI makes are high or low so that what is RSI.