Relative Strength Index (RSI) Bullish
Stocks with Relative Strength Index (RSI) above 70 are considered overbought. This implies that stock may show pullback. Some traders, in an attempt to avoid false signals from the RSI, use more extreme RSI values as buy or sell signals, such as RSI readings above 80 to indicate overbought conditions and RSI readings below 20 to indicate oversold conditions. The investing strategy for this screener is higher risk.
That's an amazing strategy.
Can you give a basic guideline how do trade we using this screener? It will be very helpful.
Thank you