The Stoch RSI (Stochastic Relative Strength Index) is a technical analysis indicator used to identify overbought or oversold conditions in financial markets. It is a combination of two popular indicators: the Stochastic Oscillator and the Relative Strength Index (RSI). The Stoch RSI applies the Stochastic Oscillator formula to the RSI values, aiming to provide a...
What is RSI: . RSI, or Relative Strength Index, is a momentum indicator that is used to measure the strength of a trend. RSI works by comparing the average profit and loss over a specific period. It is primarily used to identify moments of overvaluation or overestimation in the market, allowing investors to enter the market with a much greater chance of profit. ...
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...
The Relative Strength Index is one of the most widely used tools in traders handset. The RSI is an oscillating indicator which shows when an asset might be overbought or oversold by comparing the magnitude of the assets recent gains to its recent losses. A common misconception is that the RSI draws a comparison between one security and another, but what it...
BINANCE:BTCUSDT In this post, I'll make an attempt to share everything I've learned over the Relative Strength Index (RSI) Over the past 24 months. Nothing described in this post is financial advice, it's just me, sharing thoughts and ideas with you. nb: this post is more suited for traders and investors that are already educated about the RSI...
The 2-period RSI is really erratic and produces a lot of signals. A lot of the signals are good, but if you're trading with one singular position, you might run into trouble pretty frequently. So, I have something for you to try. On *any* of these candles that close with the RSI above 90% or below 10%, you'll place a trade. But it won't be a big trade. You want...
Here is a quick crash course on how I use the RSI along with Elliott Waves. - Using the 20, 30, 40, 60, 70, 80 levels within the context of the trend to spot entries - How to spot uptrends and downtrends with support and resistance - How to spot big 3rd wave moves - Using divergences to spot the end of a trend This can be used on any time-frame but I just use...
The RSI is a versatile indicator, and can be used to provide entry signals during a trend. To get the signals a moving average is applied to the RSI. 1. Trades are only taken in the direction of the trend. For an uptrend only take longs. For a downtrend only take shorts (puts). 2. During a downtrend the RSI must move above 60 to indicate a pullback. When the...
Automated Trading on Tradingview can be challenging. But with some strategies employing smart trading techniques, you can find your way to a reliable setup. There are many aspects of automated trading I've employed and studied. Those are as follows: Trailing Take Profits: Allowing a trade to surpass the original profit target if the price continues in your...
Wanted to post a couple of pictures about editing and cleaning up the strategy and make it more SIMPLE to understand the thought process of behind it. I had to Remove a couple of indicators names CM_SLINGSHOT and DREADBLITZ DRSI from the indicator am replacing these indicators w/ a 100 (p) exponential moving average to filter weather we should go long or short....
Hello everyone , as we all know the market action discounts everything :) I have created this short video to explain what is the RSI and how to use it to identify buy and sell signals with this oscillator , everything you need to know about this indicator is right here. Its been around since the late 70s so its probably one of the more established oscillators out...
Quick glance: In our last tutorial analysis, we discussed RSI Divergences. In this tutorial, we discuss the difference between a fast and slow moving RSI and how to effectively use this in crypto-trading. First let us understand what is meant by "lookback" period? Lookback is the period under consideration. For example, typically RSI is calculated on a...
RSI indicator cheat sheet -Relative strength index -Momentum indicator -Measures how fast price moves Important level(30-70) Rsi 30:oversold Rsi70:overbought Price is above rsi 50=uptrend Price is below rsi 50=downtrend -depends on the timeframe if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment...
Here's why most algorithms fail. They don't take into account the context you needed it to. Here's why it's hard to correct that: you need something OUTSIDE of the raw number-crunching that you're doing in order to understand what's happening. If you're very good at that, you're already a profitable trader to begin with! In that case, it can be discouraging to...
Hello Traders, This video explains how I use RSI to generate big returns in the Forex market. RSI has always been one of my favorite leading indicators I use when looking for confirmations. I highly recommend it. Take a few minutes to watch my video and learn how to use it effectively for intraday trading. Trade Safe - Trade Well ~Michael Harding
Ive noticed that when : 1The RSI hits below 30 on the 30min sometimes 1hr time frame 2Then goes up to just before 70 ...say 67 on the RSI 3Then drops again to 25-29 THAT'S A BUY I think that would indicate a breakout to the upside. The RSI will go up and down in wave patterns. This doesn't mean the price will follow. BE CAREFUL. So, if it has to hit 70 on the...
Welcome to the first lesson from Lets Go Crypto! We aim to educate people who are struggling to understand indicators, and how to use them when it comes to trading. Hope this is helpful for all of you people out there, who are looking for some kind of lessons. If at the end, you do not understand or have any questions, feel free to ask in comments below. Today,...
General RSI Indicators applied to the ETCBTC D chart (where present). This helped me in taking in the lesson below from Crypto Cred. I hope others find it useful. Source Used: Thanks Crypto Cred!! www.youtube.com www.babypips.com