Armin Teymouri

The RSI is classified as a momentum   oscillator , measuring the velocity and magnitude of price movements.   Momentum   is the rate of the rise or fall in price. The relative strength RS is given as the ratio of higher closes to lower closes, with closes here meaning averages of absolute values of price changes. The RSI computes momentum as the ratio of higher closes to overall closes: stocks which have had more or stronger positive changes have a higher RSI than stocks which have had more or s