RSI is solid.
Starts to move up past 50 or drops below 30 = buy
Starts to move up past 50 or drops below 30 = buy
Need small modification on my RSI cross/touch RSI alert 0 replies
RSI cross indicator when rsi=50 19 replies
RSI (Fast) above/below RSI (Slow) displayed as a Histogram 5 replies
How To Predict Trends & Counter Trends? 7 replies
DislikedDo you use rsi to gauge trends? I found that using rsi, we can catch trends easily. {image} {image} 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.Ignored
DislikedI only look for trend-following trades but I avoid all off-chart indicators like RSI. Reasons are that they don't provide any information I absolutely must have before the trade, and what they tell me I can get from the price chart anyway. The particular trend gauge you have imposed on the RSI - i.e. 50+ is an uptrend, 50- is a downtrend - is artificial: the reality is that most of the time, price isn't trending at all, so a binary up/down measure is bound to lead you into confusion. I'm not a pure price action trader, I do use EMA's.Ignored