Glossary Detail: RSI (Relative Strength Index)
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Backtesting RSI (Relative Strength Index) on High-Beta Names
Momentum oscillator (0-100) measuring speed of price changes. Above 70 = overbought, below 30 = oversold.
Further Details:
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and magnitude of recent price changes on a scale of 0 to 100. Developed by J. Welles Wilder, it identifies overbought and oversold conditions.