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The level of the RSI is a measure of the stock's recent trading strength. The slope of the RSI is directly proportional to the velocity of a change in the trend. The distance traveled by the RSI is proportional to the magnitude of the move. Wilder believed that tops and bottoms are indicated when RSI goes above 70 or drops below 30.
The number helps gauge whether the price of a stock is on the rise or on the decline.
The filled or hollow portion of the candle is known as the body or real body, and can be long, normal, or short depending on its proportion to the lines above or below it. The lines above and below, known as shadows, tails, or wicks, represent the high and low price ranges within a specified time period. However, not all candlesticks have shadows.
Barron's (July 1984) stated that: "In 1978, the basis of mathematical analysis was expanded when J. Welles Wilder, Jr. published New Concepts in Technical Trading Systems. Financial World (July 1985) said that, "Over the years, Wilder has developed more accurate commodity trading systems and concepts than any other expert."
New Concepts in Technical Trading Systems. Trend Research, 1978. ISBN 0-89459-027-8; Ladis Konecny, Stocks and Exchange – the only Book you need, 2013, ISBN 9783848220656, technical analysis = chapter 8. Schabackers, Richard W. Stock Market Theory and Practice, 2011. ISBN 9781258159474
The proposed change will only create confusion: The Relative Strength Index, or RSI, as first described by Welles Wilder in 1978, is a normalized comparison of positive and negative price changes for a single time series, while a relative strength index is a relative performance comparison of two time series.
The expected utility of the above bet (with a 50% chance of receiving 100 and a 50% chance of receiving 0) is E ( u ) = u ( 0 ) + u ( 100 ) 2 {\displaystyle E(u)={\frac {u(0)+u(100)}{2}}} and if the person has the utility function with u (0)=0, u (40)=5, and u (100)=10 then the expected utility of the bet equals 5, which is the same as the ...
The true strength index (TSI) is a technical indicator used in the analysis of financial markets that attempts to show both trend direction and overbought/oversold conditions.