The Relative Strength Index (RSI) was developed by Wells Wilder to measure the speed and change of price movements of an instrument. RSI oscillates between zero and 100. It is most commonly used to indicate temporary overbought or oversold conditions in a market. Wilder considered RSI values over 70 overbought and values below 30 oversold, but these values can be adjusted to suit particular needs and markets. For instance, 80 could be used as overbought line in a strong uptrend and 20 as oversold line in a strong downtrend.
The period used for the calculation is 14.
EasyRSI provides a comprehensive dashboard that allows you to view the RSI value of up to 37 currency pairs across 5 timeframes (M15, M30, H1, H4, D1) at one glance. This provides you with an understanding of the current oversold/overbought conditions of the forex market on the go.
Below are some of the key features of the app.
- Timely display of RSI values of up to 37 currency pairs across 5 timeframes,
- Allows configuration of oversold/overbought condition that best suit your personal trading strategy,
- Timely push notification alert when oversold or overbought condition is hit
- Display headline news of your favourite currency pair(s)
Easy Indicators relies on your support to fund its development and server costs. If you like our apps and wish to support us, kindly consider subscribing to Easy RSI Premium. This subscription removes all advertisements within the app, receive push alert based on your preferred overbought/oversold values, display M5 timeframe (available only for Deluxe subscribers) and supports our development of future enhancements.
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Please note that updates are not available during weekend.
Forex trading on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade forex, you should carefully consider your investment objectives, level of experience, and risk appetite. You must be aware of the risks of investing in forex and be willing to accept them in order to trade in these markets. Trading involves substantial risk of loss and is not suitable for all investors.
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