Trend RSI
This version of RSI shows the proper levels of how to trade price action.
RSI is more than a reversal tool. It is also a trend following tool.
I've added bands to show Overbought/Oversold.
Above 55 is bullish. Below 45 is bearish.
Do not make any transactions in the 45-55 gray band area.
Coupled with a 50/200 EMA strategy this is more than enough to make a living at trading.
RSI is more than a reversal tool. It is also a trend following tool.
I've added bands to show Overbought/Oversold.
Above 55 is bullish. Below 45 is bearish.
Do not make any transactions in the 45-55 gray band area.
Coupled with a 50/200 EMA strategy this is more than enough to make a living at trading.