RSI Indicator Method Summary
Summary of RSI indicator:
The RSI indicator is one of the most widely & oftenly used technical indicators available. RSI indicator is a momentum oscillator technical indicator with some trend following characteristics.
RSI is one of most popular indicators used in xauusd analysis & it used to generate trading signals using cross over trading strategy.
RSI indicator plots the divergence & convergence of charts patterns. The RSI is constructed using chart price movements. The RSI indicator is used to determine if:
The prices are closing lower than where they opened - RSI indicator below 50 centerline mark or
The prices are closing higher than where they opened - RSI indicator above 50 center line mark
RSI Indicator Strategies
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