Moving average crossovers that are relatively short-term, such as the 5 EMA crossing over the 10 EMA, are most suited to complement RSI. The RSI's hint of overbought circumstances and likely trend reversal is confirmed by the 5 EMA moving from above to below the 10 EMA.
Divide the average of positive price changes by the average of negative price changes to get relative strength (RS). Subtract 100/(1 - RS) from 100 to get RSI.
Divide a stock's trend price by the trending price of an index or a comparable stock to find its relative strength.
The distinction between relative strength and RSI is largely one of viewpoint. The relative strength index (RSI) measures a stock's value in relation to another stock, index, or benchmark, whereas the relative strength index (RSI) measures a stock's performance in contrast to its recent performance.
Divide the average of positive price changes by the average of negative price changes to get relative strength (RS). Subtract 100/(1 - RS) from 100 to get RSI.
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So it's mean that Trends are 3 types : i) Bullish (ii) Barresh (iii) Siteway
And Traders are i) position trader (ii) Swing Trader (iii) Day trader (iv) Scalper Trader
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