Alexander Elder – RSI – Relative Strength Index

Dr Alexander Elder (Author)RSI tracks closing prices – the most important prices of the day because the settlement of traders’ accounts depends on them. RSI confirms trends when it moves in the same direction as prices. Its divergences precede important tops and bottoms. RSI gives early warnings of reversals and forecasts trends by breaking its trendlines a few days ahead of prices.

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Salepage: Alexander Elder – RSI – Relative Strength Index

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