Relative Strength Index and Time-Segmented Volume
Summary
The relative strength index (RSI) is a technical indicator that is used in the analysis of financial markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period whereas Time-Segmented Volume (TSV) segments a stock's price and volume according to time intervals. RSI TSV together is formed by combining Wilder's relative-strength index and time-sensitive volume. Like other top indicators, RSI TSV can help the trader decide when to get into a trade, and when to get out of it. For RSI TSV to be effective, one must wait patiently for it to cross its centre line. Wilder's RSI is a commonly used lagging indicator. When combined it with time-segmented volume (TSV©) and the right parameters, it becomes a very powerful. RSI TSV has proven to be very successful and can also help to identify when to exit a trade.