Calculates the Relative Strength Index, a widely used momentum indicator in technical analysis. Users input historical price data to generate an RSI reading that measures the speed and change of price movements. The tool applies Wilder's smoothing method to ensure accurate calculation, providing a standardized metric for assessing whether an asset is overbought or oversold relative to its recent trading range.
Traders and financial analysts utilize this indicator to gauge potential reversal points in market trends. By observing where the RSI crosses specific thresholds—typically above 70 for overbought or below 30 for oversold—users can help inform their entry and exit strategies. It assists individuals who monitor stocks, commodities, or indices by providing an objective, mathematically derived signal to support their investment decisions.