James Welles Wilder

In His Book
New Concepts in Technical Trading Systems
On 1978
A technical momentum indicator that compares
the magnitude of recent gains to recent
losses in an attempt to determine
overbought and oversold conditions
Is a SIGNAL in RSI


Overbought = Indicate that stock price will
Down

Oversold = Indicate that stock price will
Up
Overbought (Index Level Reach 70)
Oversold (Index level Reach 30)
RSI Indicator give us signal of inverse trend

RSI Indicator give us signal of bearish or
bullish
Let Us Proof It!



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