Relative Strength Index with EMA
The RSI is one of the most popular technical indicators. The RSI measures the internal strength of the security. The RSI indicator oscillates between oversold and over bought levels, where a trader is advised to look for buying opportunities when the stock is in over sold region and selling opportunities when the stock is in over bought region. The RSI with EMA strategy signals a trade when EMA of 7 period RSI crosses over the EMA of a 14 period RSI.
Additional notesEMA = Exponential Moving Average
Crossover = Simple crossover between current RSI values and its 10 day EMA