The well-known formula for the relative strength index is as follows: RSI=100−(1001+RS)RS=Average of x days’ up closesAverage of x days’ down closeswhere:RSI=relative strength index\begin{aligned} ...

One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to ...