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The Forgotten Way of Using the RSI

Sometimes we use indicators without knowing that they have more potential than they show. For example, the RSI is only used in one or two ways but there are a lot of techniques that you can apply on the RSI. This article presents a forgotten way of using the RSI.

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The Relative Strength Index

First introduced by J. Welles Wilder Jr., the RSI is one of the most popular and versatile technical indicators. Mainly used as a contrarian indicator where extreme values signal a reaction that can be exploited. Typically, we use the following steps to calculate the default RSI:

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