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TradingCoach - Relative Strength Index RSI

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Uploaded by on Feb 26, 2009

In this tutorial we talk about the Relative Strength Index (RSI) which is a momentum oscillator. This indicator allows us to use overbought and oversold conditions to predict price movements.

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  • gray, I am not sure the answer to that question but I use multiple charts for the same future or forex. What I mean is I use different time values or values for E-Mini Dow YM for example. I'll use 1 Minute, 5 Minute and 15 Minutes. This allows me to see different views and angles if you will. If I'm looking at the 1 Minute and it shows divergence and the it goes from below to above the 30 level in the RSI I still check the 5 and 15 minute chart. This gives a clear picture to go in or not.

  • @6.25, why wasn't the buy signal triggered sometime in Apr (since RSI crossed 30 there 1st) but instead it was recommended that the signal occur in May?

  • Very nice presentation of this material!!

    Thank you for sharing with all...

  • VERY HELPFUL, THANK YOU!!

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