Relative Strength Index: Calculator & Formula, Best Setting and Strategies

This guide will explore the RSI (Relative Strength Index) indicator and its significance in trading. We will discuss the calculation and formula behind the RSI, explore the concept of the best settings for this indicator, and delve into various strategies that can be implemented using the RSI. 

Whether you are a beginner or an experienced trader, understanding the RSI indicator can provide valuable insights into market trends and potential trading opportunities. So, let's dive in and explore this powerful tool for technical analysis.

Major Takeaways:

RSI Calculation. The RSI indicator calculates average gains and losses to determine overbought and oversold… Read full author’s opinion and review in blog of #LiteFinance