The RSI Delta Indicator. Enhancing Momentum Trading.
Creating and Coding a New Momentum Strategy in Python.
The famous Relative Strength Index is used commonly by retail and institutional traders to understand where do we stand momentum-wise. One golden rule has to be respected when using the RSI, and it is to never use it on a trending market. In this article, we will look at a simple transformation on the RSI and back-test a strategy relying on this transformation.
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The Relative Strength Index
The RSI is without a doubt the most famous momentum indicator out there, and this is to be expected as it has many strengths especially in ranging…
