Relative Strength Index (RSI)

The lesson is about mastering the RSI and understanding its signals. RSI stands for relative strength index and measures the speed and change of price movements. The lesson covers the 70 and 30 lines, which indicate whether an instrument is overbought or oversold, and how to use them to generate trading signals. The lesson also covers identifying trends, confirming breakouts or breakdowns, and indicating trend reversals when RSI breaks resistance or support lines. Divergences and failure swings are also discussed as powerful tools in the RSI arsenal. The lesson emphasizes the importance of not relying solely on the RSI and incorporating other indicators in trading.