Cutler’s RSI which is another kind of Welles Wilder’s original Relative Strength Index turns out to be a momentum oscillator used to find and demonstrate overbought and oversold conditions. It does so by keying on special levels – usually 30 and 70 – on a “0 to 100-chart”.
The Relative Strength Index (RSI) is a financial technical analysis momentum oscillator measuring the velocity and magnitude of directional price movement by comparing upward and downward close-to-close movements.
Momentum measures the rate of the rise or fall in stock price. Is the momentum increasing in the “up” direction, or is the momentum increasing in the “down” direction.
A trader using RSI should be aware that large surges and drops in the price of an asset will affect the RSI by creating false buy or sell signals. The RSI is best used as a valuable complement to other stock-picking tools.
The citler’s RSI is popular because it is relatively easy to interpret.
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