Facelift for an Old Favorite by Gregory L. Morris
ARTICLE SYNOPSIS ...Facelift for an Old Favorite
by Gregory L. Morris
""There are many ways in which the Relative Strength Index can
be adjusted and redefined.""
Technical analysts who have not heard of J. Welles Wilder, Jr., and more specifically, his Relative
Strength Index, probably have not delved into the art of technical analysis with much enthusiasm. The
Relative Strength Index (RSI) was first presented in his now-classic book, New Concepts in Technical
Trading Systems, published in 1978.
Those who are familiar with RSI know that it is a very useful momentum indicator because its range is