RSI Solver
RSI(2) SOLVER TOOL
You can learn exactly how to apply the 2-period RSI to help your trading … with the help of
The 2-Period RSI Stock Strategy Guidebook from Connors Research.
|
Enter Desired Levels: |
||
|
Enter Symbol: |
 |
|
| Tip: You can search for multiple levels by separating them with a comma, i.e. 20,25,30 |
||
The 2-period RSI is used by thousands of traders around the world. In fact, it’s considered by many to be the single best indicator for Swing Traders. Professional equity, ETF, and options traders all have learned to rely upon the 2-period RSI as their main indicator before they make a trade.
You are welcome to use the TradingMarkets RSI(2) Solver as often as you like. We provide this as a service to traders who use the 2-period Relative Strength Indicator as part of their entries or exits. Many web sites and trader tools will calculate RSI(2) for a given stock price history, but we have not found a tool that begins with RSI(2) levels and returns the closing price needed to reach that level.
Enter a symbol of interest in the tool at right, click “GO”, and we will provide target closing prices that correspond to specific values of RSI(2).
Update: If you have an Android phone, you can download the The Reverse RSI(2) Solver to your phone for free. Just search “RSI” in the Android Marketplace to find and install The Reverse RSI(2) Solver.
Relative Strength Index – Definition
(Excerpted from High Probability ETF Trading – 7 Professional Strategies to Improve Your ETF Trading, by Larry Connors, Cesar Alvarez and Connors Research)
The Relative Strength Index (RSI) is a popular momentum oscillator developed by J. Welles Wilder in the 1970s. The RSI compares the magnitude of a market’s recent gains to the magnitude of a market’s recent losses.
A simple formula calculates this price action into a number between 1 and 100. Markets with RSIs closer to 1 are considered oversold. Markets with RSIs closer to 100 are considered overbought.
RSI = 100 - (100/(1 + RS)) RS = average of x days up closes / Average of x days down closes
For more information on RSI, see these articles: