The Relative Strength Index (RSI) is an oscillator that compares the magnitude of recent gains to recent losses in an attempt to determine overbought and oversold conditions of an asset. The RSI ranges from 0 to 100.

An asset is deemed to be overbought once the RSI approaches the 70 level, meaning that it may be getting overvalued and is a good candidate for a pullback. Likewise, if the RSI approaches 30, it is an indication that the asset may be getting oversold and therefore likely to become undervalued.

The RSI supports the traders to find an optimal time to enter a trade or take profits.

The Standard RSI of the metaTrader 4 can only be displayed in one Time frame at one time. To improve the hit rate of your trades (especially in lower time frames) the "RSI Multi Time frame" will show all RSI Charts and values from all Time frames.

-> If you see that the RSI Value of many Timeframes are overbought/oversold it will give a huge improvement of the Quality of your Trades

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