The Forgotten Way of Using the RSI
<p>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.</p>
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<h1>The Relative Strength Index</h1>
<p>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:</p>
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