What does rsi stand for in stocks

Conversely, bullish divergences can appear in a strong downtrend - and yet the downtrend continues.Unless otherwise indicated, all data is delayed by 20 minutes.Cardwell considered bearish divergences as bull market phenomenon.A bearish divergence forms when the security records a higher high and RSI forms a lower high.

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Andrew Cardwell developed positive and negative reversals for RSI, which are the opposite of bearish and bullish divergences.Search; Explore; Log in; Create new account; Upload ×.Average Loss equals the sum of the losses divided by 14 for the first calculation.

To simplify the calculation explanation, RSI has been broken down into its basic components: RS, Average Gain and Average Loss.Bearish and bullish divergences place the indicator first and price action second.Chart 11 shows MMM with a positive reversal forming in June 2009.

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Welles Wilder, the Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements.The bullish divergence formed with Ebay moving to new lows in March and RSI holding above its prior low.

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Commodity and historical index data provided by: Pinnacle Data Corporation.In other words, bearish divergences are more likely to form in uptrends.

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It is basically a move to oversold levels and then a higher low above oversold levels.According to Wilder, divergences signal a potential reversal point because directional momentum does not confirm price.RSI does not confirm the lower low and this shows strengthening momentum.RSI is an extremely popular momentum indicator that has been featured in a number of articles, interviews and books over the years.

Positive and negative reversals put price action of the underlying security first and the indicator second, which is the way it should be.Wilder considered RSI overbought above 70 and oversold below 30.Taking the prior value plus the current value is a smoothing technique similar to that used in exponential moving average calculation.This chart features daily bars in gray with a 1-day SMA in pink to highlight closing prices because RSI is based on closing prices.

RSI reflected less downside momentum during the February-March decline.

Information and translations of rsi in the most comprehensive dictionary definitions resource on the web. Login. Repetitive strain injury.Chart 5 shows Ebay (EBAY) with a bearish divergence in August-October.

Common Technical Indices - RSI, Stochastics, MACD

Wilder also considered failure swings as strong indications of an impending reversal.

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The first three overbought readings foreshadowed consolidations.Gilburt also uses traditional technical indicators such as relative strength index.Definitions of Acronyms and Abbreviations at the Acronym Database.RSI is a versatile momentum oscillator that has stood the test of time.

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In fact, a plot of RS looks exactly the same as a plot of RSI.Again, the higher high is usually just below overbought levels in the 50-70 area.