RSI is a momentum oscillator that estimates the recent price movements of an asset in the range of 0 to 100. It is calculated based on Average Gains and Losses. The closer RSI is to the edge the higher is the asset’s movement magnitude.
How to decide what take profit % to set
Take profit percentage specifies how much profit you’ll take from a trade as a percentage of the order value. Setting this not only determines the return from your trade, but also influences the trade’s risk factor and the time taken for the trade to close.