Watch the video to get FULL details and listen to some commentary. Always feel free to ask questions below. I love talking with you guys. Here is how we do it: Set your RSI and VWAP as its Moving average in the CSC-HARSI The lower the RSI setting, the more S/R levels you'll find. So don't set your RSI to a low setting on a large timeframe chart. For example:...
What Is the Relative Strength Index (RSI)? 1. The relative strength index (RSI) is a popular momentum oscillator introduced in 1978. 2. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. 3. An asset is usually considered overbought when the RSI is above 70 and oversold when it is below 30. 4. The RSI line crossing below the...
In this segment we will discuss the concept behind Price Action Ranges; they are periods of oscillation in the market where supply and demand is balanced. Once this occurs, there is a high probability of a price expansion out of the range. The basic concepts in price action ranges are the following: - Range High Resistance - Range Low Support - Range –Mid...
I've mentioned before how RSI only uses closing price to plot its line. This means you have to wait for price to close before the final value of the RSI is valid. A trap I've fallen into is using RSI data that isn't complete. Let me give a few examples. This weekly chart looks promising. Bullish candle and RSI increasing. A few days later after the weekly...
Here I give you the tips I've found most helpful when using the RSI for both trading and TA. Let me know what you think!
greetings, hope you're doing well and thanks for your likes and comments . Today i'm gonna teach you how to mix two indicators there's lots of indicators that you can mix together and use them, at this tutorial i'm gonna try adding MACD and RSI . 1_ Once you have added the RSI indicator, you have to open RSI settings. 2_then you have to process the way below : go...
Just an example of how the indicator works for anyone using it or looking to use it. It has been smashing it. Had some nice big and small moves recently. Waiting on a long signal now fingers crossed.
We've been sharing ideas on this strategy for quite some time now as part of our 'forward testing' approach and log. In this video, I run through the strategy, how it works and how it can help. Everything we do at POW is based on 'proof it works' - this is no different and you'll see this in the data I run through for you. Any questions about gaining access...
Hi guys, Take a look at how I use my indicators along with a brief description of what they are used for. I apologize for the grogginess of the video but I'll have my coffee before, next time! Let me know what you think.
RSI TA SETUP 1. Start a new layout on Trading View. Call it “RSI TA” to distinguish it from the rest 2. Add only the following indicators: A) Volume: straight forward, nothing to configure here B) RSI Candles: Configure it as follows: Length = 9 UpLevel = 60 DownLevel = 40 Change the Bar Colors to any colors that suit you or keep them as default if you like. I...
Check out the related ideas link for more information. I hope this adds another tool to your trading arsenal
Want to make your RSI smoother and easier to track and follow its signals? You can add a moving average signal line to it. Let me share how to do this quickly without coding. This is a very neat and easy trick you can do - thanks to TradingView :) - using the feature "Indicator-on-indicator" Quick Steps: add RSI to your chart if its not already there, hover on...
Evening Traders, In this educational post I will analyse how a price action level breaks and puts in a retest. Assessing the chart, we have a clear Resistance on the left that was breached with an impulse break. The level was retested and confirmed as support with an S/R Flip Retest. This shows strength in the price action; however volume was not evident,...
Hey traders, Relative strength index is a classic technical indicator . It is frequently applied to spot a market reversal. RSI divergence is considered to be a quite reliable signal of a coming trend violation and change . Though newbie traders think that the application of the divergence is quite complicated, in practice, you can easily identify it...
Hey traders, Relative strength index is a classic technical indicator . It is frequently applied to spot a market reversal. RSI divergence is considered to be a quite reliable signal of a coming trend violation and change . Though newbie traders think that the application of the divergence is quite complicated, in practice, you can easily identify it...
Hi every one *Definition of RSI: This indicator Is momentum base indicator. The biggest difference with momentum is that there are two line which indicate that: Is the price in the oversold or overbought area or not? We can easily compare the tops and bottoms of every instrument that we like! There is not much difference between RSI and Stochastic oscillator only...
Using the Relative Strength Index The Relative Strength Index (RSI) is a very popular and often used indicator that can be used effectively in many different ways. My personal favorite two are: 1. As a tool to indicate a reversal. This is the most popular way. 2. As a momentum indicator. This is what it was designed for. Below we will discuss how to read the...
If you have watched my videos you know I take issue with the word "best" when it comes to anything trading but this is a good question from my social media to inspire this video tutorial. In this video I lay out the framework for combining price action with different indicators to create high probability trading setups.