The Sell Relative Strength Index (SRSI), also known as the "sell gravitation index," was developed by Howard Wand and featured in the February 2019 issue of TASC magazine.
“Traders accumulate profits trade by trade, aiming to maximize their gains. However, selloffs can hit hard and fast, leading to significant price drops. The SRSI is designed to help estimate the potential size of these selloffs based on the current profit accumulation.”
“In the SRSI chart, green lines indicate buy signals, red lines signal sell points, and yellow lines represent a balance between buying and selling pressure.”
Whether you’re a seasoned trader or just getting started, understanding how to use the SRSI can give you an edge in spotting potential market movements. Keep an eye on those signals to navigate your trades better!
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