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What is RSI

The Relative Strength Index (RSI) developed by J. Welles Wilder. It measures the speed and change of price movements. The RSI oscillates between 0 and 100. We get It as overbought when It’s above 70 and Oversold when below 30. To generate Signals we should look for divergences and failure swings. It can also use to identify the general trend.

Red color Highlighted area shows overbought and Blue color Highlighted area shows oversold.

RSI indicator can be use to trade Binary Options.