{"id":492,"date":"2023-09-08T17:41:30","date_gmt":"2023-09-09T00:41:30","guid":{"rendered":"https:\/\/scalptrader.com\/?page_id=492"},"modified":"2023-09-17T15:36:15","modified_gmt":"2023-09-17T22:36:15","slug":"rsi","status":"publish","type":"page","link":"https:\/\/scalptrader.com\/tradingviewindicators\/rsi\/","title":{"rendered":"RSI"},"content":{"rendered":"\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lmbayhw2-03b47a7ca00994c2f9e4e65d268a7b5c\">\n#top .av_textblock_section.av-lmbayhw2-03b47a7ca00994c2f9e4e65d268a7b5c .avia_textblock{\nfont-size:18px;\n}\n<\/style>\n<section  class='av_textblock_section av-lmbayhw2-03b47a7ca00994c2f9e4e65d268a7b5c'  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/CreativeWork\" ><div class='avia_textblock'  itemprop=\"text\" ><p>The ScalpTrader Relative Strength Index (RSI) indicator is a customized RSI with added functionality, notably the optional Bollinger Bands overlay.<\/p>\n<p>At its core, the script calculates the RSI, which is a popular momentum indicator used in technical analysis to identify overbought and oversold conditions. It does this by taking the average gain and the average loss over a user-defined period (default is 14) to compute the relative strength, which is then transformed into the RSI.<\/p>\n<p>Furthermore, this script provides the option to overlay Bollinger Bands on the RSI line. Bollinger Bands, consisting of a middle band (a moving average) with two outer bands (standard deviations of the middle band), are used to measure volatility and &#8216;relative&#8217; high or low prices. When applied to the RSI, they can offer another perspective on the momentum and volatility of the market.<\/p>\n<p>RSI plot values are colored green if above 50 and red if below 50 to give the trader a sense of bullish or bearish price action<\/p>\n<\/div><\/section>\n<div  class='avia-button-wrap av-lmmnu2ig-f987a5754ba10af3e06ddafee1fa64e3-wrap avia-button-center  avia-builder-el-1  el_after_av_textblock  el_before_av_hr '>\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lmmnu2ig-f987a5754ba10af3e06ddafee1fa64e3\">\n#top #wrap_all .avia-button.av-lmmnu2ig-f987a5754ba10af3e06ddafee1fa64e3{\nfont-size:16px;\n-webkit-transition:all 0.4s ease-in-out;\n-moz-transition:all 0.4s ease-in-out;\n-ms-transition:all 0.4s ease-in-out;\n-o-transition:all 0.4s ease-in-out;\ntransition:all 0.4s ease-in-out;\n}\n<\/style>\n<a href='https:\/\/www.tradingview.com\/script\/CzRulXPp-ScalpTrader-RSI\/' class='avia-button av-lmmnu2ig-f987a5754ba10af3e06ddafee1fa64e3 avia-icon_select-yes-left-icon avia-size-large avia-position-center avia-color-blue' target=\"_blank\" rel=\"noopener noreferrer\"><span class='avia_button_icon avia_button_icon_left' aria-hidden='true' data-av_icon='\ue812' data-av_iconfont='entypo-fontello'><\/span><span class='avia_iconbox_title' >Get Indicator<\/span><\/a><\/div>\n<div  class='hr av-av_hr-91d7ccd583a503147498e120fee2ff9b hr-default  avia-builder-el-2  el_after_av_button  el_before_av_image '><span class='hr-inner '><span class=\"hr-inner-style\"><\/span><\/span><\/div>\n\n<style type=\"text\/css\" data-created_by=\"avia_inline_auto\" id=\"style-css-av-lmbaytp9-886d92a8fb68343130108c4e18a04ccd\">\n.avia-image-container.av-lmbaytp9-886d92a8fb68343130108c4e18a04ccd img.avia_image{\nbox-shadow:none;\n}\n.avia-image-container.av-lmbaytp9-886d92a8fb68343130108c4e18a04ccd .av-image-caption-overlay-center{\ncolor:#ffffff;\n}\n<\/style>\n<div  class='avia-image-container av-lmbaytp9-886d92a8fb68343130108c4e18a04ccd av-styling- avia-align-center  avia-builder-el-3  el_after_av_hr  avia-builder-el-last '   itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\" ><div class=\"avia-image-container-inner\"><div class=\"avia-image-overlay-wrap\"><img decoding=\"async\" class='wp-image-259 avia-img-lazy-loading-not-259 avia_image ' src=\"https:\/\/scalptrader.com\/wp-content\/uploads\/2023\/08\/ST-RSI-1-1030x1016.png\" alt='' title='ScalpTrader RSI'  height=\"1016\" width=\"1030\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/scalptrader.com\/wp-content\/uploads\/2023\/08\/ST-RSI-1-1030x1016.png 1030w, https:\/\/scalptrader.com\/wp-content\/uploads\/2023\/08\/ST-RSI-1-300x296.png 300w, https:\/\/scalptrader.com\/wp-content\/uploads\/2023\/08\/ST-RSI-1-80x80.png 80w, https:\/\/scalptrader.com\/wp-content\/uploads\/2023\/08\/ST-RSI-1-768x758.png 768w, https:\/\/scalptrader.com\/wp-content\/uploads\/2023\/08\/ST-RSI-1.png 1035w\" sizes=\"(max-width: 1030px) 100vw, 1030px\" \/><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":370,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/scalptrader.com\/wp-json\/wp\/v2\/pages\/492"}],"collection":[{"href":"https:\/\/scalptrader.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/scalptrader.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/scalptrader.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scalptrader.com\/wp-json\/wp\/v2\/comments?post=492"}],"version-history":[{"count":6,"href":"https:\/\/scalptrader.com\/wp-json\/wp\/v2\/pages\/492\/revisions"}],"predecessor-version":[{"id":547,"href":"https:\/\/scalptrader.com\/wp-json\/wp\/v2\/pages\/492\/revisions\/547"}],"up":[{"embeddable":true,"href":"https:\/\/scalptrader.com\/wp-json\/wp\/v2\/pages\/370"}],"wp:attachment":[{"href":"https:\/\/scalptrader.com\/wp-json\/wp\/v2\/media?parent=492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}