Apply a Relative Strength Indicator

The RSI indicator is for overbought/oversold conditions. It goes up when the market is strong, and down when the market is weak, and oscillates between 0 -100. The RSI calculation is:

RSI = 100-(100/1+RS)

Where:

RS - Average of X bars Up Closes/Average X bars Down Closes (X=number of bars set by user)

To apply a Relative Strength Indicator

1. Create a realtime interactive chart.

2. On the Charts menu select Add Study.

3. From the list of study indicators, select Relative Strength Ind.

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