How to use RSI Trading Indicator | RSI Trading Strategy | Technical Analysis | Dhan

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📌 In this video, we are going to talk about RSI indicator. Relative Strength Index (RSI) Indicator:

The Relative Strength Index (RSI) is a widely-used momentum oscillator in technical analysis, assessing recent price changes to determine overbought or oversold conditions. Developed by J. Welles Wilder, it oscillates between 0 and 100 and is plotted below price charts. Readings above 70 suggest overbought conditions, while readings below 30 indicate oversold conditions.

Traders often combine RSI with other indicators to confirm trading signals, such as identifying divergences between RSI and price action for potential trend reversals. Despite its popularity, RSI should be used alongside other analyses and risk management techniques.

The RSI is a versatile technical indicator that can be used to identify overbought/oversold conditions, trend strength, and potential reversals. However, it is important to use the RSI in conjunction with other technical indicators to confirm signals and avoid false signals.

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