Tutorial | How To Use RSI To Find Turning Points ... or NOT!
Hey Speculators - Happy Friday - welcome to another video tutorial, and thanks again to the TradingView Editors for featuring my last post, which I've linked here, and is related to the topic on hand for today. That topic is how, and when, to not fight a trend.
I'd suspect many traders are familiar with the Relative Strength Indicator (RSI), used to measure overbought and oversold conditions. In this video, I discuss what I look for when using RSI to filter trade signals and identify when strong is REALLY strong. The inverse would hold true as well (you know, weak, or really WEAK), but we all know markets never go down. :)
RSI Settings for this video
5 Period
Upper 88
Lower 12
I'd suspect many traders are familiar with the Relative Strength Indicator (RSI), used to measure overbought and oversold conditions. In this video, I discuss what I look for when using RSI to filter trade signals and identify when strong is REALLY strong. The inverse would hold true as well (you know, weak, or really WEAK), but we all know markets never go down. :)
RSI Settings for this video
5 Period
Upper 88
Lower 12
Nota
Here is an example of a valid Extreme Turn (RSI >88, ADX >50) signal that failed.
👉 Tired or blowing-up futures prop funding accounts? Get my FREE ebook Prop Done Right
tradersdevgroup.com/e-book/
✅Let's trade futures live together using the TradingView platform: tradersdevgroup.com/ptr-trial/
tradersdevgroup.com/e-book/
✅Let's trade futures live together using the TradingView platform: tradersdevgroup.com/ptr-trial/
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
👉 Tired or blowing-up futures prop funding accounts? Get my FREE ebook Prop Done Right
tradersdevgroup.com/e-book/
✅Let's trade futures live together using the TradingView platform: tradersdevgroup.com/ptr-trial/
tradersdevgroup.com/e-book/
✅Let's trade futures live together using the TradingView platform: tradersdevgroup.com/ptr-trial/
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.