The RSI Formula Explained. Catch the move from end to end.
Welcome to the copy shop everybody and let me bid you a hello from the back of the baristo bar. This video is very casual, unscripted, and yet extremely informative.
First off let me make sure you have your copy of this script "The Heiken Ashi Algo Oscillator"
I'm hoping to use this particular video so that you guys can come back into the comments area and specifically ask questions about how this works because I want to give you this information. But most importantly I want you to understand it.
In today's video I'm going to be discussing the "RSI formula". So today's video is called the RSI formula, explained.
I've noticed over the years that every time they RSI has a particular reading, You can calculate that into a ratio that will tell you what should be your risk and what should be your reward. This allows you to set your stop loss and your take profit and literally walk away and not have to worry about it. I do not expect you to understand this formula watching it just one time so you will need to play this over and over again without question. But if in the moment that you do have questions go ahead and leave them below.
What I want you to do is if you feel like you're getting it wrong, tell me what the RSI reading is that you got and I'll tell you what it's supposed to convert to and I'll tell you how to convert it to that number. Telling you the formula won't help you as much as it will showing you how it works against your readings so by all means leave your questions below.
