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Post by Eagle1 on Feb 26, 2006 13:51:33 GMT -5
Chart School stockcharts.com/education/Must know... RSI- Relative Strength Index (RSI) A popular oscillator developed by Welles Wilder, Jr. and described in his self-published 1978 book "New Concepts in Technical Trading Systems". RSI is plotted on a vertical scale from 0 to 100. Values above 70 are considered overbought and values below 30, oversold. When prices are over 70 or below 30 and diverge from price action, a warning is given of a possible trend reversal. See ChartSchool article on Relative Strength Index. Williams % R- Williams %R Developed by Larry Williams, Williams %R is a momentum indicator much like the Stochastic Oscillator and is especially popular for measuring overbought and oversold levels. The scale ranges from 0 to -100 with readings from 0 to -20 considered overbought, and readings from -80 to -100 considered oversold. Typically, Williams %R is calculated using 14 periods and can be used on intraday, daily, weekly or monthly data. See ChartSchool article on Williams %R. Eagle1, "One Team; One Goal" “Many more Successes to come after USXP; this is only the beginning...” usxp.proboards79.com/index.cgi
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