PairTrade Finder® Ultimate Alpha 3.0 (PTF UA3) introduces an indispensable feature for sophisticated traders: the Relative Strength Index (RSI) filter. We give the astute trader an advanced compass in the sea of market volatility. Our video below has everything you need to use an RSI filter in pair trading:
How Does It Work?Developed by the legendary Jay Wells Wilder in 1978, the RSI is a momentum oscillator that measures the speed and change of price movements, oscillating between zero and one hundred. Traditionally, a stock is considered overbought when RSI is above 70 and oversold when it’s below 30.
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