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RSI is relative strength index which is used in non trending zone and if the line crosses 30 mark buying can be done and if crossed below 70 line then selling can be done
<span style=”color: #777777; font-family: ‘Open Sans’; font-size: 13px;”>Relative strength index(RSI) is defined as identifying the overbought and oversold area in the price line.If the price is reached at oversold area, then buy zone is identified. 30 is the oversold region in RSI.If the price is reached at overbought area, then sell zone is identified. 70 is the overbought region in RSI.</span>
RSI, Relative Strength index, is a non trending indicator. When the price moves above the 30 mark, long position can be created and if it goes below 70 mark short position can be created.
RSI indicates the price movement within the common area. It shows the overbought and and oversold areas to make Short or long positions
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