Knowing when the RSI and price are in a ranging phase even in the short term can be a difficult process.
You are either #Ranging #bullish or #bearish. At least in the Algo v6 you can get a clear vision of exactly whats happening.
In this video im going to give you a VERY simple strategy on:
1. How to know if the RSI and price are ranging
2. When do i break away...
In this video I explain how to use RSI (Relative Strength Index) to make trading decisions. You'll learn how to properly use RSI oversold condition, combining low timeframe price action signals with high level context analysis.
Besides of explaining three different strategies (the bad, the good and even better) I'll do back-testing on historical data to...
Price overextension remains a widely misunderstood concept in trading, causing both novice and seasoned traders to make errors in their decision-making. This misinterpretation often leads to placing trades in the wrong direction or, equally detrimental, overlooking profitable opportunities.
In essence, price overextension signifies that the market has undergone a...
S&P500 (SPX) strategy using Stochastic RSI Min-Max, normalized Volatility and Trailing Stop signals, beats the Buy&Hold strategy by 16 times
Embarking on the quest to time the market accurately, the 'Holy Grail' of strategies, led me to create a script to approach this goal. Unlike other strategies that I tested, this one not only surpasses the long-term S&P500...
Building a long-term portfolio demands a strategic approach that goes beyond random buys and impulsive decisions.
Instead, savvy investors employ tools like the Relative Strength Index (RSI) to identify advantageous entry points and navigate the market cycles effectively.
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Here’s a step-by-step...
Although the standard setting for the RSI is 70 (overbought) and 30 (oversold), I prefer to adjust the levels to 80 and 20. The purpose of this is to identify the extremely overbought/oversold regions.
In addition to adjusting the levels, I would pay attention to the chart when the RSI enters in the overbought/oversold region (but would hold back on entering a...
The Relative Strength Index (RSI) is a popular momentum oscillator used in technical analysis to identify overbought or oversold conditions in the market. The RSI is measured on a scale from 0 to 100,
RSI values above 70 are often considered overbought, suggesting that the price may be due for a reversal or pullback.
RSI values below 30 are often...
"Super Swing Strategy" - Bollinger Bands, RSI, and ADX Strategy
Indicators Used:
- Bollinger Bands
- Relative Strength Index (RSI)
- Average Directional Index (ADX)
Bollinger Bands for volatility, RSI for overbought and oversold conditions, and ADX for strength of the trend.
How it Works:
Add Bollinger Bands, a 14-period RSI, and a 14-period ADX to your...
The RSI (Relative Strength Index) is like a tool that helps people who buy and sell stocks and other things to figure out how strong the price of something is. It works by looking at the prices of that thing over a certain period of time, like 14 days, and then putting those prices on a scale from 0 to 100.
🔸When the RSI is high, like over 70, it means the price...
