relative strenght index RSI

eRSI) is a trading indicator in the technical analysis of financial markets. It is intended to indicate the current and historical strength or weakness of a market based on the closing prices of completed trading periods. It assumes that prices close higher in strong market periods, and lower in weaker periods and computes this as a ratio of the number of incrementally higher closes to the incrementally lower closes.

The Relative Strength Index was developed by J. Welles Wilder[1] and published in a 1978 book, New Concepts in Technical Trading Systems, and in Commodities magazine (now Futures magazine) in the June 1978 issue.

The RSI method may be classified as a momentum oscillator measuring the velocity and magnitude of directional price movements. Momentum is the rate of the rise or fall in price.

Top 10 Most Popular Forex Books

Top 10 Most Popular Forex Books

February 26, 2008 by startforexprofit.com

The top 10 most popular forex books based on Amazon ranking are:

   1. The Complete Guide to Currency Trading & Investing: How to Earn        High Rates of Return Safely and Take Control of Your Investments        by     Jamaine Burrell
   2. Day Trading For Dummies by Ann C. Logue
   3. Fast Profits In Hard Times by Jordan E. Goodman
   4. Forex Patterns & Probabilities by Ed Ponsi
   5. Getting Started In Forex Trading Strategies by Michael Duane           Archer
   6. Getting Started In Currency Trading by Michael Duane Archer and       James Lauren Bickford
   7. Adventures of a Currency Trader by Rob Booker
   8. Day Trading the Currency Market by Kathy Lien
   9. The Forex Trading Course by Abe Cofnas
  10. Candlestick and Pivot Point Trading Triggers by John Person

   


Popularity: 10%