RSI (Relative Strength Index)
A momentum oscillator measuring overbought and oversold conditions.
Full Definition
RSI is a momentum oscillator that measures the speed and magnitude of price changes on a scale of 0 to 100. Readings above 70 indicate overbought conditions; below 30 indicates oversold. RSI can signal potential reversals, divergences from price, and trend strength. The default period is 14, but traders adjust based on their timeframe.