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> <p>For a detailed and thorough collection of trend following trading strategies, you can check out my book. The book features a huge number of classic and modern techniques as it dwelves into the realm of technical analysis with different trading strategies. The book comes with its own GitHub.</p> <h2><a href="https://amzn.to/3mOqqZJ?source=post_page-----b33f95c0ad30--------------------------------" rel="noopener ugc nofollow" target="_blank">Trend Following Strategies in Python: How to Use Indicators to Follow the Trend.</a></h2> <h3><a href="https://amzn.to/3mOqqZJ?source=post_page-----b33f95c0ad30--------------------------------" rel="noopener ugc nofollow" target="_blank">Amazon.com: Trend Following Strategies in Python: How to Use Indicators to Follow the Trend.: 9798756939620: Kaabar&hellip;</a></h3> <p><a href="https://amzn.to/3mOqqZJ?source=post_page-----b33f95c0ad30--------------------------------" rel="noopener ugc nofollow" target="_blank">amzn.to</a></p> <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> <p><a href="https://kaabar-sofien.medium.com/the-forgotten-way-of-using-the-rsi-b33f95c0ad30"><strong>Learn More</strong></a></p>