Relative Strength Index

The Relative Strength Index (RSI) is designed to measure a market's recent gains vs. its recent losses in an attempt to show the relative strength of a trend. Essentially, the RSI plots a line on a scale from 1 to 100. Generally, most analysts consider the market to be overbought when the RSI reaches above 70 or oversold when it drops below 30.

One of the easiest ways to use the RSI is to identify potential reversal points. In the EUR/USD example above, the RSI moved above the 70 mark on 5 April, followed by a long selloff until 9 April, when it just touched the 30 mark. The market then reversed again, moving up until 13 April, when it again moved the RSI above 70, reversing once more.

As always, no indicator is correct 100 percent of the time. The RSI is best used in conjunction with out forms of technical and/or fundamental analysis to confirm or enhance its findings.

To add the RSI to a chart in DealBook®360:

1.	Right-click on a chart and select Add Studies.
2.	Select Relative Strength and click OK.
3.	In the Relative Strength parameters window, set the Hi baseline to 70.00 and the Lo baseline to 30 and click Apply and then OK. Note: You may leave these at the default settings of 80.00 and 20.00 if you wish.
4.	The Relative Strength Index should now appear as a graph below your chart.

Powerful Charting on the Go with DealBook^® WEB

If you haven't yet tried DealBook® WEB, you're missing out. Not only do you get access to your account, including statements, open orders and working orders, you also get real-time market quotes and streaming news from any computer with an internet connection. But one of the most impressive features is the fully interactive charting.

DealBook® WEB doesn't just display charts. With just the click of your mouse, you can change the timeframe, add, edit and remove indicators and even set price alarms.

To log in to DealBook® WEB:

1.	Click here to go to the GFT homepage.
2.	Click Login to DealBook® WEB and type your GFT account username and password in the DealBook WEB® log in area.
3.	Click LOG IN NOW.

Once you are logged in, you can open a chart by selecting the instrument you wish to view in the chart section on the right of the screen (above). Then click New Chart/Add Indicator and your selected chart will open in a new window.

As you can see from the chart above, the new chart window offers many interactive options. Mousing over any of the candles will open a small window with information such as the opening and closing prices and the high, low, date and time.

To change the market, chart type, timeframe or the number of time periods displayed, use the dropdown menus at the top of the window (below).

Clicking the Add/Edit Indicators button opens a new window (below), offering access to all of the indicators offered by DealBook® WEB, as well as the opportunity to customise the indicators to fit your needs. To add an indicator, click the green arrow to move it to the Displayed Indicators list. To remove an indicator, click the red "X" button. To edit an indicator, click the button. When you have added and edited your indicators, click Save Changes to apply them to your chart.

>> Learn more about DealBook® WEB

>> Log in to DealBook® WEB now

>> Open a practice account

	How to I set up DealBook® 360 to send email or SMS price alarms?
	There is little in the world of trading more frustrating than watching a market closely, analysing its movements, waiting for your opportunity to enter – only to miss that opportunity because you're away from your desk. Luckily, GFT's award−winning trading software DealBook® 360 can help.

You may already be aware that DealBook® 360 allows you to set price alarms to alert you when a market has reached a certain price. But did you know that you can also have those alerts sent to you via email or SMS text message? That makes it easy to stay on top of the markets, even when you're not watching.

To create an email or SMS price alarm on a chart in DealBook® 360:

1.	If you have not already registered your email address and mobile number with DealBook® 360, click File > Configure > Parameters. If you have already done so, skip to step 3.
2.	In the Configure parameters window, click the User Details tab. Enter your email address and/or mobile phone number in the spaces provided, then click Save & Close. Note: mobile phone numbers should include the country code.
3.	Click the Alarm tool in your chart's left−hand toolbar.
4.	Click on the chart at the level where you wish to set your price alarm.
5.	If you wish to be alerted when the market reaches your target price or above, choose ">=" (greater than or equal to) for the Condition. If you wish to be alerted when the market reaches your target price or lower, choose "<=" (less than or equal to).
6.	If you need to adjust your target price, you may do so in the Price box.
7.	Check the box(es) next to the type(s) of alarms you wish to receive. Then click ok.

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