What's the difference between relative strength index and relative strength index?

There is no difference between relative strength index and relative strength index.

Relative strength index refers to the most famous swing index in futures market and stock market. It was initiated by Wells Wilde. Its principle is to infer the strength of market movement trend by calculating the fluctuation range of stock price, and predict the continuation or turning point of the trend accordingly.

In fact, it means that the upward fluctuation range of stock price accounts for the percentage of the total fluctuation range. If the value is large, it means that the market is in a strong state; If the value is small, it means that the market is in a weak position.

Extended data:

First, the market relative strength index and its judgment method:

1, the index and MSD of individual stocks are at the low level below 20, indicating that individual stocks are falling in sync with the broader market. Usually, such stocks are not worthy of attention;

2. The index is at a low level, and the MSD of individual stocks breaks away from and breaks through Zone 20, indicating that there is capital intervention, and its degree depends on the rising position of individual stocks MSD;

3. The index MSD is out of the low position, which is the signal of the market rebound, and it is a strong area when it enters 50 or above;

4. Individual stocks MSD led the stocks or sectors before the broader market;

5. The adjustment of MSD of pre-market stocks indicates that the dealer has shipped.

Baidu Encyclopedia-Relative Strength Index

Baidu Encyclopedia-Market Relative Strength Index