The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. Signals can be generated by looking for divergences and failure swings. RSI can also be used to identify the general trend.
I am Sharing an Intraday RSI strategy with you that will help to trade. You can apply this Indicator on 5 Min. time Frame to trade Intraday Nifty or BankNifty Options or Equity. Watch the full video & stay connected with us on Instagram.