The Relative Strength Index (RSI), developed by the renowned J. Welles Wilder, is one of the most widely used and influential technical indicators in the trading world. This webinar will allow viewers to delve into the common interpretation of RSI, which measures the strength of an asset against its history of price change by comparing "up" days to "down" days. Viewers will learn how to effectively identify overbought and oversold conditions, providing valuable insights into potential trend reversals or continuations.
Join John Rowland, Barchart’s Head of Trading Education, for a webinar exploring alternative RSI applications, such as its role in identifying bullish and bearish divergences. A trader’s ability to understand how divergences can signal weakening momentum and potential trend reversals is critically important.
During the webinar, we will also cover failure swings, a critical aspect of RSI analysis, and how it can be employed to validate trend strength. In addition, attendees will learn about the "RSI is Wrong" method, which creates entry signals contrary to common interpretation. By the end of the webinar, participants will understand how to leverage RSI for trend identification and have the confidence necessary to successfully navigate the complex world of trading.
In this webinar, you will learn about:
- Relative Strength Index Methodology
- Common interpretations of the RSI
- Overbought and Oversold signals
- Failure Swings and Trend Identification
- Being a contrarian with the “RSI is Wrong” method
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