How do you measure strength or weakness? The RSI does it by relying on the closing prices of a specific, recent trading period. It attempts to outline the historical and current strength - or weakness - of a specific share or market. Welles Wilder in 1978, the Relative Strength Indicator is a technical indicator used to analyze various financial markets. Let’s start at the beginning and then head a bit deeper. This indicator is especially popular among technical analysis traders. You might be thinking that any term that includes the words ‘relative’ and ‘index’ can’t be all that fascinating, but that’s just because you haven’t gotten to know the abilities of the RSI or grasped its potential for online traders. Today we’re going to look into a particularly interesting topic: The relative strength index, commonly known as RSI.
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