Step by step
How to read it
- 1Above 70: the recent rise was strong.
- 2Below 30: the recent fall was strong.
- 3Strong is not finished. Here price kept rising for several candles after the RSI passed 70.
Watch out
Common mistake
Selling just because the RSI is above 70. In a strong trend it can stay there for a long time.
In one line
Definition
Relative Strength Index — an oscillator from 0 to 100 that measures the strength of recent moves.
Check yourself
Check yourself
The RSI reads 82. What does it tell you?