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One of the most used oscillators in Forex trading is the Relative Strength Index also known as the RSI indicator. This is a single-line indicator that attaches to the bottom of your chart. The Relative Strength Index formula is used basically to identify overbought and oversold market conditions, as well as to spot divergence with the price action.
This video will explain to you in two minutes what is Relative Strength Index and how you can add it to your trading strategy. If you learn how to use it properly, the RSI indicator could be the reason behind big part of your profits in Forex trading.