#Индекс of relative strength #RSI

RSI assesses the rate and dynamics of price movements on a scale from 0 to 100 and is an impulse oscillator. It helps to determine the states of overbought and oversold markets. An RSI value above 70 indicates an overbought condition — the asset is expensive and requires a price correction. An RSI value below 30 indicates the asset is cheap, suggesting a potential price increase and oversold condition. RSI provides insight into the strength of the current trend, as well as potential reversal points, making it useful for making informed trading decisions. With RSI readings, one can detect reversal signals; check trend strength; find suitable entry and exit points; therefore, increasing the accuracy of trading strategies.