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| ==== Relative Strength Index (RSI) ==== | ==== Relative Strength Index (RSI) ==== | ||
| A popular oscillator developed by Welles Wilder, Jr. and described in his 1978 book //New Concepts in Technical Trading Systems//. RSI is plotted on a vertical scale from 0 to 100. Values above 70 are considered overbought and values below 30, oversold. When prices are over 70 or below 30 and diverge from price action, a warning is given of a possible trend reversal. See our ChartSchool article on [[:technical_indicators:relative_strength_index_rsi|Relative Strength Index]]. | A popular oscillator developed by Welles Wilder, Jr. and described in his 1978 book //New Concepts in Technical Trading Systems//. RSI is plotted on a vertical scale from 0 to 100. Values above 70 are considered overbought and values below 30, oversold. When prices are over 70 or below 30 and diverge from price action, a warning is given of a possible trend reversal. See our ChartSchool article on [[:technical_indicators:relative_strength_index_rsi|Relative Strength Index]]. | ||
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| + | ==== Relative Volume (RVOL) ==== | ||
| + | Relative Volume compares volume data for each price bar with the average volume over a specified number of prior bars. The RVOL ratio produced allows chartists to easily spot setups where unusually high or low volume is powering a price move. When the indicator value is greater than one, the volume is higher than average; conversely, a value less than one means lower than average volume. See our ChartSchool article on [[:technical_indicators:rvol|Relative Volume (RVOL)]]. | ||
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| + | ==== Relative Volume - Price Plot (RVOL-PP) ==== | ||
| + | Calculated just like the classic Relative Volume (RVOL) indicator, this overlay indicates right on the price plot which price bars have an RVOL comparative volume ratio above or below a user-specified value. See our ChartSchool article on [[:technical_indicators:rvol|Relative Volume (RVOL)]]. | ||
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| + | ==== Relative Volume - Time of Day (RVOL-TOD) ==== | ||
| + | A twist on the classic Relative Volume (RVOL) indicator, the RVOL-TOD indicator compares volume for the current intraday bars with prior bars at the same time of day. For example, on a 5-minute chart, the RVOL-TOD value for today's 9:30 bar would compare volume for that bar with the average volume on previous 9:30 AM 5-minute bars. See our ChartSchool article on [[:technical_indicators:rvol|Relative Volume (RVOL)]]. | ||
| ==== Resistance ==== | ==== Resistance ==== | ||
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| ==== Russell 2000 ($RUT) ==== | ==== Russell 2000 ($RUT) ==== | ||
| The Russell 2000 ($RUT) tracks 2000 smaller companies. [[https://stockcharts.com/gallery?$rut|Chart $RUT in GalleryView.]] | The Russell 2000 ($RUT) tracks 2000 smaller companies. [[https://stockcharts.com/gallery?$rut|Chart $RUT in GalleryView.]] | ||
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| + | ==== RVOL ==== | ||
| + | See [[:glossary_r#relative_volume_rvol|Relative Volume (RVOL)]]. | ||
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| + | ==== RVOL-PP ==== | ||
| + | See [[:glossary_r#relative_volume_-_price_plot_rvol-pp|Relative Volume - Price Plot (RVOL-PP)]]. | ||
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| + | ==== RVOL-TOD ==== | ||
| + | See [[:glossary_r#relative_volume_-_time_of_day_rvol-tod|Relative Volume - Time of Day (RVOL-TOD)]]. | ||
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