The Relative Strength Index (RSI) was developed by Wells Wilder to measure the speed and change of price movements of an instrument. RSI oscillates between zero and 100. It is most commonly used to indicate temporary overbought or oversold conditions in a market. Wilder considered RSI values over 70 overbought and values below 30 oversold but these values can be adjusted to suit particular needs and markets. For instance 80 could be used as overbought line in a strong uptrend and 20 as oversold line in a strong downtrend.
Period used is 7. If you wish to customise the period kindly check out the Easy Alerts+ app.
Easy Alerts+ https//play.google.com/store/apps/details?id=com.easy.alerts
EasyRSI provides a comprehensive dashboard that allows you to view the RSI value of multiple instruments across 6 timeframes (M5 M15 M30 H1 H4 D1) at one glance. This provides you with an understanding of the current oversold/overbought conditions of the forex market on the go.
☆ Timely display of RSI values of over 60 instruments across 6 timeframes
☆ Allows configuration of oversold/overbought condition that best suit your personal trading strategy
☆ Timely push notification alert when oversold or overbought condition is hit
Easy Indicators relies on your support to fund its development and server costs. If you like our apps and wish to support us kindly consider subscribing to Easy RSI Premium. This subscription removes all advertisements within the app receive push alert based on your preferred overbought/oversold values display M5 timeframe (available only for Deluxe subscribers) and supports our development of future enhancements.
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