RSI -Traders Secret Weapon
Of all the different secondary indicators that traders have to choose from, RSI, in my opinion, is one of the best.
RSI stands for Relative Strength Index; however the name does not adequately describe what the indicator does. It does not really measure the “relative strength” of anything; rather the indicator gives you an idea as to the internal pressures affecting a market.
In other words, RSI can help you get a “feel” for what other traders are thinking.
RSI is also useful because it mimics what other indicators are telling you as well…and more.
Download the Full Article For Free