RSI (Relative Strength Index)

Definition

The Relative Strength Index (RSI) is a momentum oscillator used in technical analysis that measures the speed and change of price movements on a scale of 0 to 100.

Context

It is used to identify overbought or oversold conditions in the trading of an asset. An RSI above 70 typically indicates that an asset may be overbought, while an RSI below 30 indicates oversold conditions.