The RSI (relative strength index) is a popular trading indicator by J. Welles Wilder. The RSI2 trading indicator is a change from the standard 14 period RSI to a 2 period that was brought to us by Larry Connors. The other difference is the change in oversold and overbought levels: Overbought is greater than 90 and the higher the better Oversold is considered less than 10 and the lower the better Larry Connors paired the RSI2 with the 200-day moving average which would focus on the long term trend of the instrument. This would be great for position trading style however we are going to use a short to medium term trend indicator setting. - See more at: https://www.netpicks.com/rsi2-trading-strategy/ FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. NetPicks Services are offered for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation or be relied upon as personalized investment advice. We are not financial advisors and cannot give personalized advice. There is a risk of loss in all trading, and you may lose some or all of your original investment. Results presented are not typical. Please review the full risk disclaimer: https://www.netpicks.com/risk-disclosure FREE PRICE PATTERN GUIDE: http://getpricepatterns.com/ Download the free indicator blueprint: http://gettheblueprints.com/ Candlestick Reversals: http://getcandlesticks.com/