The Relative Strength Index (RSI) is a technical indicator used in the analysis of financial markets. It is typically used to identify overbought or oversold conditions in a market, and to signal when a trend may be reversing. The RSI is calculated using a formula that compares the magnitude of recent gains to recent losses, with the resulting value then plotted on a scale of 0 to 100. Values above 70 are considered overbought, while values below 30 are considered oversold. The RSI is a popular indicator among traders and is often used in conjunction with other indicators or chart patterns to help make trading decisions.
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