Do you use rsi to gauge trends?
I found that using rsi, we can catch trends easily.
Rsi can be very fast, but using multiple timeframe approach definitely helps.
You can see at the right hand side of the first chart - the trends remain down for the whole time.
The way to do this is
I found that using rsi, we can catch trends easily.
Rsi can be very fast, but using multiple timeframe approach definitely helps.
You can see at the right hand side of the first chart - the trends remain down for the whole time.
The way to do this is
- if rsi below 50 - the trend is down.
- if rsi above 50 - the trend is up.
The period can be 11 or 13.
What i wanted to know is - is there anybody else using rsi to deternine trend? Any sharing would be appreciated.