Patreon Capitalists TA #2 - RSI and Trendline Combo
Patreon Capitalists TA #2 - RSI and Trendline Combo
This is a quick video on how to set up your relative strength index - RSI - with a factor of 10 on a four-hour chart and how I map RSI indicators between 70 and 30 - 70 is to sell and 30 is to buy or enter and combine that with trend lines..
The relative strength index RSI is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator - a line graph that moves between two extremes and can have a reading from 0 to 100.