You also have the ability to flexibly customize the RSI (Relative Strength Index) indicator, you can choose the time interval, and all the possible settings of the indicator.
There are 2 ways to get a notification about the triggering of the indicator
The RSI is a momentum indicator that measures the strength of the price movement of a stock. It is calculated by dividing the current price by the 52-week high, and then summing all subsequent closing prices.
The relative strength index (RSI) is an indicator that measures the strength of price movements. It shows how much stronger one stock’s price moves compared to another stock’s movements. The higher it is, the stronger its movement; and if it falls, it indicates that another stock has outperformed in recent trading sessions.
It can be used to monitor trends or market conditions and trend analysis can be used to assess whether a particular investment strategy is working or not.
The RSI can also be used as an indicator for technical analysis and swing trading strategies. This can help traders