How To Use The Rsi .pdf - Content
Over the years, friends who are traders have often asked me how I can quickly determine a trend when looking at a chart. My answer is that I have examinated terms of thousands of charts. However, one fundamental indicator I faithfully use is the Relative Strength Index (RSI).
The RSI was developed by J. Welles Wolder, Jr. and presented in his 1978 book "New Concepts in Technical Trading Systems". Welles developed the RSI for trading pork bellies.