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J. Welles Wilder Jr. introduced the RSI indicator in 1978 in a book titled New Concepts in Technical Trading Systems, which, at the time, was genuinely revolutionary. Wilder built the RSI Indicator to do one specific thing: measure momentum.
Trading Indicators Trading indicators are like oxygen to traders who use technical analysis in analyzing the financial market so as to speculate price movement. Therefore it is very important for every trader that falls into this category to properly understand the crucial role trading indicators play in their analysis. Every trader that uses technical analysis…
