What is RSI Indicator ?

 



Swing Trading Stock Tips

What is RSI Indicator

 Basically RSI stands for Relative Strength Indicator. This is very powerful tool for measuring the strength of stock for last 14 days it indicates that the particular stock is in overbought zone or in oversold zone. 

In this indicator we use RSI Line. The RSI line can move between 0 and 100. If the RSI Line is below 30  that means the stock is in oversold zone and it is very bullish to buy. If the RSI Line is above the 70 that means the stock is in overbought zone and in that time there is chance to correct the stock, simply means you can exit the particular stock.


How to use the RSi Indicator ?


I am showing you to the use of RSI Indicator on investing.com, you can use it on your platform also, steps for using RSI Indicator are following on investing.com.


1. Open the investing.com url in your Chrome browser.


2. Type the name of your company in the search tab of investing.com, select your company in drop-down menu.


3. Click On the chart tab, set up to the full view of the chart 


4. Click on indicator's tab, write the Rsi, Select the RSI Indicator.


5. You can see the RSI coloum in bottom of the page which indicates the value of RSI Indicator if it is between 30 to 70 you can buy the stock, if the value is above 70 that means the stock is in overbought zone you can exit the stock.


Thanks for reading, please comment if there is any confusion 

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