DIG RSI

Our DIG RSI indicator is based on the Traditional RSI, but we gave it a major face-lift.It now comes with a new look that is visually enhanced and easy to use. What is RSI and what can I do with it? RSI ( Relative Strength Index ) is a technical momentum indicator that was developed by J. Welles Wilder. The RSI compares the magnitude of recent losses and gains in an attempt to determine weather a given asset is oversold or overbought. The RSI is actually an Oscillator, meaning that it has Minimum and Maximum values, it ranges from 0 – 100.Traditionally it is considered that when the RSI is above 70 the market is Overbought and when the RSI is below 30 the market is oversold. AEP Daily Chart. Notice that when the RSI enters the Oversold zone the indicator changes color to Dark Green and when the RSI enteres the Overbought zone it changes to Dark Red. This makes it very easy to use. Ways to Use the RSI Indicator Entry Signals : The RSI can be used to recognize a change in trend directio