- First number (white) is the current value of relative strength index (RSI) value, second number (red) is overbought limit value, and third number (green) is oversold limit value.
- It is green when RSI is below overbought limit and increasing, red when the opposite, and yellow otherwise.
- Editables: You can change the lookback period in settings. In general, choose a bigger number if you prefer longer term trade and vice versa.
- Alarms: You can set alarm when RSI is crossing under oversold limit (oversold), and when RSI is crossing over overbought limit (overbought).
The Relative Strength Index (RSI) is a well versed momentum based oscillator which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements. Essentially the RSI, when graphed, provides a visual mean to monitor both the current, as well as historical, strength and weakness of a particular market. The strength or weakness is based on closing prices over the duration of a specified trading period creating a reliable metric of price and momentum changes. Given the popularity of cash settled instruments (stock indexes) and leveraged financial products (the entire field of derivatives); RSI has proven to be a viable indicator of price movements.