Relative strength index12/11/2023 ![]() ![]() Finally, the strategies' returns F-statistics and P-values were calculated and analyzed to determine their significance level and acceptability. Applying these two RSI strategies to the NIFTY 50 chart revealed that 50-50 offers a higher long-term return, while 60-40 provides a superior short-term return. In addition to this, how to trade and back-test our strategy is also explained. In this paper, we have estimated the returns by looking at the two trends i.e., 50-50 and 60-40. Over the past two decades, several techniques have been developed to analyze NIFTY 50 data for investment purposes. Overbought and oversold situations are indicated by RSI values between 70 and 30. ![]() Traders and investors use the RSI as a momentum indicator. As a part of investment strategy and analysis, it is always suggested that the investors should keep an eye on medium-term and short-term changes in addition to longer-term (secular) patterns. We all must agree that the word "trend" is now the buzzword of the stock market. ![]()
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