Posted:
#1
I'm sure lots of people have asked this same question.
I understand ROI (Return Of Investmen), but I do not quite understand RSI (Relative Strength Index).
So far this year in my MLB system I have a ROI of 25.56%. I just figured out my RSI and it is 20.31. What does this number mean?
Here's the formula I used:
100 - ( 100 / (1 + RS*) )
*RS is average gain divided by average loss
Thanks. I figure there's gotta be someone out there who can help me.
