Get started

Relative Strength Index (RSI)

BTCUSD analysis 26-10-2022depend on our analysis and the high volume we see today result from the news , So we advice our investor to prepare themself for long position if the price stay above 50 moving avarege and up of the trend line it is main if the price stay above 19965 not get back from this price ,, so we will see the price will move up until 200 ema and will tech 0.23 fibonaci line > so be carfull dears investor this is a chance to take profit , this just advice from us best regards
BITSTAMP:BTCUSDLong
by MSD_trading
2
RSI Formula Explained (updated) and a LIVE FAILED tradeThis is just an update to the RSI Formula since some of you are still having trouble with it. Its not as hard as it seems. Now with the oscillator scale reading ZERO at the mid line, there is no math to do. RSI Values as follows 0-9 = 1 to 2 rr 10-19 = 1 to 3 rr 21-29 = 1 to 4 rr 30-39 = 1 to 6 rr Dont worry too much about the last two. you want to be safer at trading with the first two. The last two are really designed for "Trailing your take Profit" If you have negative values on your RSI, thats fine. just do the trade in a SHORT and follow the same formula. Watch the video for the full breakdown
Education
by CoffeeshopCrypto
26
The easiest way to spot divergences and how to trade them Welcome to the coffee shop everybody. This is your host and baristo Eric, and in today's video I am giving you a video Lesson based off of my preferences on how you should look for and use RSI Divergences. THe Oscillator used in this video is The Heiken Ashi Algo Oscillator Get it free here and always BOOOOOOOOOOST IT!! There are three problems that people have whether they are experts or when they are novices in spotting Divergence between the RSI and price. First problem is they don't know where to look because the RS I can have hundreds of high values and hundreds of low values but you need to know which ones are the relevant ones to look at. The second problem is a common question where people ask "which way will the price go?" The answer to that is basically the slope of the RSI is the new slope of your price so, if the RSI is angled up your price will angle up. If the RSI is angled down your price will angle down. Now hold on a minute don't run off and start acting like you know how to trade divergences yet because there's still question number 3. When will it go in that direction? Just because you see a Divergence doesn't mean it's going to immediately happen so you need to know what to look for to let you know that it is actually going to go in that direction and when will that Trend begin. So in today's video I do a nice lengthy coverage on how to spot those answers and you can use the oscillator in the video by going to this link.
Education
by CoffeeshopCrypto
70
GOLD TECHNICAL ANALYSISHi everyone, Looking at this chart, we can see that the last 4 times RSI was dipping below 50 and we had a red candle, gold price went down significantly. According to the price just now we can see that we had a double top on price which is a bearish signal, RSI is pointing down but is is not below 50 yet. Price is in a good support now, i think its fair to assume that if the price of gold breaks this support and RSI dips below 50 there is a big probability we can see gold prices going down and a continuation of the downtrend. Let me know your thoughts on this.
OANDA:XAUUSD
by sweeezy
A combination of RSI and MACDThere are many indicators in the world of trading and each has its own minuses and pluses. To smooth out the disadvantages and benefit from the advantages, you can use several indicators at once. This trading strategy is based on the use of RSI and MACD . Everyone knows that when a fast moving average crosses a slow one from top to bottom, it is necessary to sell . When the fast moving average crosses the slow one from the bottom up, buy . In this case, in order to open a position, the trader must wait for signals from one indicator first, then from the second, and only after that open a position. On the ETH chart, we see that on November 6 , the RSI gave a sell signal. This signal alone is not enough, but after seeing it, you should be ready to open a deal soon. On November 15 , the MACD gave a sell signal and already here the trader should open a short. Where to set a stop loss and when to close a position is up to you, but there is an easy way. Stop loss can be set for the previous maximum/minimum , and the position can be closed when the indicators signal the opening of a position in the other direction . Specifically, in this position, a stop loss could be set for a maximum of 4880.85 on November 9 . It was possible to close the position when the MACD showed a buy signal, the price had already fallen by 46% by that time. As you may have noticed, the RSI sometimes shows premature signals , which is why it is important to wait for the MACD signal. Positions at numbers 2 and 4 show that after the RSI showed a sell signal, the price went even higher , updating the maximum and only after the MACD signal it was worth opening positions. Be careful, be patient. Whoever knows how to wait gets everything.
Education
by UnknownUnicorn15614419
10
USDCAD: DXY Likely To Consolidate Before Major Uptrend Resumes!DXY is Bullish on long term, however after another upwards impulse it looks like time for consolidation has likely arrived. Here we focus on the USDCAD 4H chart, where the price seems to be loosing momentum as evident by the RSI & naked eye. The key here is to of course as always wait for the support break and then only go SHORT provided the price retraces to offer us at least 1:1 RR. Have a look at the chart for full details on this potential trading opportunity. Keep in mind, this is just a potential short consolidation move, after which the uptrend might resume as the DXY is expected to gather strength. Trade Safely & Cautiously. Cheers
Short
by FX618Analysis
💸 AUD/CAD Breakout time 💸💸 In today's analysis we look at an interesting opportunity on the aud/cad pair. 💸 Since the beginning of today's session, we can see the strength of the Austarlisian dollar against the Canadian dollar. 💸 Most of the technical analysis indicators signal the possibility of a breakout and divergence from the previous moment when we were at the same price level. 💸 I sense a breakout from the double bottom 💸Risk/Reward ratio: 4.52 (excellent) 💸 If you like the post? Follow the profile!
Long
by InvestMate
2
Triveni Engineering & Industries LTD - Multiple Indicators📊 Script: TRIVENI (TRIVENI ENGINEERING & INDUSTRIES LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY500nif 📊 Sector: Fast Moving Consumer Goods 📊 Industry: Sugar / Agricultural Food & other Products DAILY TIMEFRAME W PATTERN BREAKOUT WEEKLY TIMEFRAME MACD CROSSOVER AND DOUBLE MOVING AVERAGE CROSSOVER SOON Key highlights: 💡⚡ This stock pick is according to my study. I have use few indicator that is BOLLINGER BAND MACD RSI DOUBLE MOVING AVERAGE VOLUME 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 Crossover in MACD . 📈 Already Crossover in Double Moving Averages. 📈 Volume is increasing along with price which is volume breakout. 📈 Current RSI is around 76. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 291 🟢 Target 🎯🏆 - 339 ⚠️ Stoploss ☠️🚫 - 267/260 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:TRIVENILong
by radha_23
2
AUDUSD Weekly S/R| .618 Fibonacci| Price Action| Trend Evening Traders, Today’s analysis – AUDUSD – trading at a key support region where a bounce is possible, Points to consider, - Price Action Corrective - Weekly S/R Support - .618 Fibonacci - RSI Oversold AUDUSD’s immediate price action is corrective and is approaching a key resistance zone that has the .618 Fibonacci and the Weekly S/R in confluence, allowing for a bullish bias. The current RSI is in oversold conditions, this signifies over-extension where a mean reversion is likely to occur. Overall, AUDUSD is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” – Mark Douglas
Long
by The_Alchemist_Trader_
1
How to tell if a chart formation is the real deal or not $BTCI meant to say I would rather make a video than right multiple paragraphs trying to explain something that requires some visuals. Anyways, the video says it all, there's always got to be more than just the chart formation that you look at when deciding on how to play a trend or potential breakout/breakdown and how to tell when it's just a fakeout. As you can see, the bear flag also got denied at the 100-day MA for BTCUSD My long-term view is bullish for Bitcoin
COINBASE:BTCUSDLong
0
by EBITDAtiger
2
Regarding the SR_R_C (Stoch RSI + RSI + CCI) indicator...Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- We use several methods to analyze charts. When you start studying charts, you study a lot of things. However, you should forget everything you have studied, trends, patterns, and indicators when conducting real trading. Otherwise, it is because you are stuck in the studied frame and try to fit the chart into the studied frame without interpreting the chart movement as it is. I think that this behavior makes you analyze charts with subjective thoughts, which increases the chances of creating a wrong trading strategy. To prevent this, we will explain a new indicator. The SR_R_C indicator is a combined indicator of the Stoch RSI, RSI, and CCI indicators. - The set values ​​of the Stoch RSI indicator are 14, 7, 3, 3. It is displayed as one line by treating it as the middle value of the K and D lines. - The setting value of the RSI indicator is 14. Instead of the existing Close value, we tried to maintain the continuity between the oversold section and the overbought section by calculating the Heikin Ashi Close value. RSI indicators are displayed in columns. - The set value of the CCI indicator is 9. When the CCI value rises above the +100 point, it is marked as overbought, and when it falls below the -100 point, it is marked as oversold. CCI indicators are displayed in bgcolor. There are a lot of information on how to interpret each indicator if you search. However, you can read the searched content and forget it. The detailed interpretation method can add subjective interpretation to the objective information that can be obtained through the index, so you can forget about the method of interpretation of the index itself. The core interpretation method of the SR_R_C indicator can be interpreted that if two or more of the three indicators are defective, a reversal of the trend is highly likely. For example, if two or more of the Stoch RSI, RSI, and CCI indicators are in the oversold zone, it can be interpreted that there is a high possibility of turning into an uptrend. Conversely, if it enters the overbought zone, it can be interpreted that it is highly likely to turn into a downtrend. Trend patterns such as Fibonacci, Harmonic, and Elliott waves will show the result of the discussion depending on the selected point. Therefore, in order to use these patterns, indicators, and tools, the selection of a selection point is the most important. However, I think that auxiliary indicators, such as MACD, RSI, Stoch RSI, CCI, etc., can help to obtain objective information because there is no point of choice. In conclusion, the reason for analyzing the chart is to make a trading strategy based on the analyzed content to make a successful trade, so it is important to analyze the chart in the most objective and essential way. Even with any of these indicators, patterns, and tools, critically choosing the wrong support and resistance points will lead to trouble crafting a trading strategy. Therefore, solid learning of support and resistance points is required before studying or utilizing all indicators, patterns, and tools. Thank you for reading this long article to the end. For reference, all indicators included in this chart can be used normally if the chart is shared. Also, you can copy and paste the indicators to other layouts to use them neatly.
Education
by readCrypto
2
RSI: The King of IndicatorsIf I had to choose one (and only one) indicator to use for the rest of my life, it would most certainly be the Relative Strength Index (RSI). Anyone who's spent more than 30 seconds on TradingView understands, in the most basic sense, that RSI indicates when an asset is over- or undervalued (overbought or oversold). But this delicious little oscillator can do a lot more than that. In fact, you could develop a winning trading strategy based entirely on RSI signals and nothing else (though, why would you?). Here are some of my favorites: SMA Crossovers TradingView's built-in RSI indicator now comes equipped with a Simple Moving Average applied by default. Like other MA crossover strategies, RSI SMA crossovers can be a very effective tool. Note that this sort of strategy is probably best implemented programmatically, though. But if you do intend to trade these signals the old fashioned way, you'll definitely want to work on a high time frame. Eventually I intend to write a PineScripts strategy to do some back-testing and get some win/loss rates and ratios for different RSI and SMA lengths. Divergences Who doesn't love RSI divergences? They're easy to spot, and very reliable on a variety of time frames. Just look for local highs/lows in the RSI that "diverge" from the corresponding local highs/lows in price. Below is an example of a divergence and a hidden divergence. There is a bearish and bullish flavor of each type of divergence. Overbought/Oversold conditions Probably the most common use of RSI is to determine whether and asset is overvalued or undervalued. In general, an asset is considered overbought when RSI is greater than 70, and oversold when RSI is less than 30. This is a dangerous rule to follow blindly though, because the rest of the context is important. Here are a couple tips/caveats: (1) Each asset has a different "normal" RSI range. i.e. one asset might be overbought at RSI = 70, but another could ride well above 70 for some time before coming down to earth. (2) The macro trend matters. A lot. Zoom out and see which way the market is trending. In a bull market, RSI may ride close to the oscillator's upper bounds and not touch "oversold" territory for a while. And vice-versa in a bear market. If the market is ranging, you can feel better about trusting the 70/30 "rule". Take a look at the charts below. In one, you see a bitcoin bull market, where BTC soars way above 70, and stays above the midpoint (50) for the duration of the run. If you had sold when bitcoin first hit "overbought" territory >70, you would have missed out on >3800% gains! In the other chart, you see the S&P500 during the 2008 bear market. We see values <30 a number of times without ever seeing anything above 70. So if you bought when the index first went below 30, you would have potentially exposed yourself to almost a 50% decline. Breakouts/Breakdowns Just like patterns in price, RSI follows trendlines and patterns as well. RSI breakouts aren't much help on their own (as it's often too late by the time you spot one), but they can help confirm price breakouts, or increase your confidence in another trading idea. What are your favorite RSI use-cases? What other indicators does it work best in confluence with? Do you have another favorite indicator that you think can contend with the king? Feel free to share your thoughts in the comments.
INDEX:BTCUSDEducation
by reees
26