What the Heck is the Relative Strength Index (RSI)
This podcast will unpack the Relative Strength Index (RSI), a key momentum indicator used in technical analysis. Listeners will learn how to use the RSI to make informed trading decisions.What You'll Learn: ●RSI Basics: We'll break down the RSI calculation and show you how to interpret its values. You’ll learn how to identify overbought and oversold conditions using RSI. ●Trading Signals: Discover how to use RSI to spot potential buy and sell signals, including bullish and bearish divergences. We’ll illustrate how to use RSI to find entry and exit points, and how to spot potential trend reversals. ●Trend Confirmation: Learn how to use RSI to validate existing trends and measure the strength of price movements. ●Practical Tips: We'll share practical tips for using RSI in different market conditions and avoiding common pitfalls. The RSI is not foolproof and there are limitations to the indicator, so we’ll discuss those as well. Who Should Listen? ●New traders who want to learn about technical analysis and momentum indicators. ●Experienced traders who want to improve their understanding of RSI and its applications.Tune in to gain a deeper understanding of RSI and how it can enhance your trading strategies. Support the Pod and Join Robinhood https://join.robinhood.com/johnh1039