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Relative Strength Index (RSI)
RelativeStrengthIndex(Vector, Periods)
RSI(Vector, Periods)
Overview
The RSI is popular indicator developed by trader Welles Wilder. The RSI is a popular indicator that shows comparative price strength within a single security.
Interpretation
The most widely used method for interpreting the RSI is price / RSI divergence, support / resistance levels and RSI chart formations.
Recommended Parameters
Vector: CLOSE
Periods: 14
Example
set BUY = RSI(CLOSE, 14) > 50