Relative Strength Index (RSI) Indicator Explained With Examples, Strategies, and a little bit of Code

James Hinton
7 min readMar 27, 2023

The Relative Strength Index (RSI) is a popular indicator used by traders to identify overbought or oversold conditions. This great little technical indicator can be used across almost any financial market, including securities, stocks, cryptocurrency, forex, and futures.

In this article, I’ll be diving deeper into this powerful indicator to explore how it can be used to level up your trading strategies.

Update August 2023

I could never have anticipated how popular this blog, along with a YouTube channel would become.

After a listening to my readers/viewers feedback, I realized that many people were spending huge amounts of time trying to solve installation/configuration problems — rather than experiencing the joy of algorithmic trading.

I want to change this narrative — and in so doing, open up algorithmic trading for everyone.

To do this, I’ve recently launched Tradeoxy: Trading For Everyone.

If you’re reading this, Tradeoxy will simplify 90% of this series, using a series of powerful API’s and easy to use tooling.

Currently it’s in the early-access / building stage and I’d be incredibly grateful if you’d join us on this adventure. Your feedback will help us shape a better product.

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James Hinton

Passionate algorithmic trader and Cyber Security expert. Love developing helpful content.