Relative Strength Index or RSI is a price momentum oscillator used widely in Technical Analysis of stock prices. This series strives to explain practical application of RSI without going into nuance of mathematics in constructing RSI.
RSI should be applied in conjunction with the current state of stock as RSI behaves differently in trending stock and in range bound stock. Thus RSI behaviour can provide insight into Trending/Trendless state of Stocks and Indices.
Please read the complete report to understand the importance of this indicator with stock examples.