RSI Indicator Forex Trading Strategy Summary
The RSI indicator is one of the most widely and commonly used indicators available. This indicator is a momentum oscillator with some trend following characteristics.
RSI is one of the most popular indicators used in technical analysis and it used to generate Forex trading signals using crossovers.
RSI indicator plots the divergence and convergence of moving averages. The RSI is constructed using moving average analysis. Moving Average Convergence/Divergence is a trend-following indicator. It indicates the correlation between two moving averages.
The table below shows a summary of Relative Strength Index indicator trading strategy, the signals generated, their description and interpretation.