Technical Indicators: RSI
The RSI is also known as the relative strength index. It is a technical indicator used to analyze news in Forex and binary options. We provides signals indicating when an asset is overbought or oversold and therefore the trend is running and will undergo a change.
Is measured from 0 to 100 and when it is between 0 and 30 is said to have entered an oversold area and when it is between 70 and 100 then is overbought.
Calculation of RSI
Normally take 14 sessions values to calculate its value.
To calculate the RSI must first calculate the RS, or relative strength. That on a day when there has been a rise in the price of an asset on the day before we calculate as follows:
U = Closing Today  Closing of yesterday
D = 0
And if today's price is less than yesterday then
D = Yesterday's Close  Close Today
U = 0
If the price is the same both D and U are 0
RS = moving average exponent of U / D EMA
and finally
RSI = 100  100 * (1/1 + RS)
As I always say, it is not necessary to perform the calculation by hand and specialized programs in graphics for investment computed these indicators themselves. No not a worksheet function does. News in Forex are given by calculating novedodos graphics programs
