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Technical Analysis Explained, Fifth Edition: The Successful Investor's Guide to Spotting Investment Trends and Turning Points, 5th Edition by Martin J. Pring

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14 MOMENTUM II: INDIVIDUAL INDICATORS

It is recommended that you study all of the momentum indicators described in this and the next chapter, subsequently selecting the two or three with which you feel intuitively comfortable with. Following too many indicators will likely lead to confusion. If you wish to find a more indepth explanation of these and many other momentum indicators, please refer to my Definitive Guide to Momentum Indicators (Marketplace Books, 2009) or the momentum module in my online audio/visual course at Pring.com.

The RSI

The Formula

The relative strength indicator (RSI) was developed by Wells Wilder.l It is a momentum indicator, or oscillator, that measures the relative internal strength of a stock or market against itself ...

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