How can RSI be Used for Trading

Posted by Gadis on 5:18 PM
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The relative strength index or RSI is probably the most popular oscilator. Here are steps RSI can be used for trading :
  1. RSI can be used to identify extreme conditions or reversals
  2. Patterns in RSI filter out "noise" on price charts to clarify trading patterns
  3. RSI can be used to indicate divergence. RSI abouve 70 is considered over bought and indicating a sell signal

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