Hi fxnubi,
These are the very in-depth ebook/audio that you can find here to learn the RSI, they teach Range Shift as compare to traditional 30/70 overbought/oversold, positive Divergence/Reversal:
1. http://indo-investasi.com/showthread.php/6132-Andrew-Cardwell-RSI-notes?highlight=cardwell
2. http://indo-investasi.com/showthread.php/2936-The-Relative-Strength-Index-(RSI)-Explained?highlight=cardwell
3. http://indo-investasi.com/showthread.php/4190-The-Complete-RSI-Book-By-John-Hayden?highlight=Hayden
4. http://indo-investasi.com/showthread.php/7925-Rsi-logic-book-by-walter-baeyens-100-mb?highlight=walter
This site is obsoleted, but give you the simple idea on how to draw trendline on RSI:
hxxp://[email protected]/showthread.php?t=148902&highlight=RSI+trade
Some easy articles on RSI /TrendLines:
hxxp://[email protected]/files/Trend_lines.pdf
hxxp://[email protected]/reports/moving_averages_pt2.pdf
hxxp://[email protected]/reports/Relative_Strength_Index_Report.pdf
hxxp://www.youtube.com/watch?v=3ghuYqooyN0
The rest you need above Price Action like what syk1kz is showing - trendline, price channel etc...
These are the very in-depth ebook/audio that you can find here to learn the RSI, they teach Range Shift as compare to traditional 30/70 overbought/oversold, positive Divergence/Reversal:
1. http://indo-investasi.com/showthread.php/6132-Andrew-Cardwell-RSI-notes?highlight=cardwell
2. http://indo-investasi.com/showthread.php/2936-The-Relative-Strength-Index-(RSI)-Explained?highlight=cardwell
3. http://indo-investasi.com/showthread.php/4190-The-Complete-RSI-Book-By-John-Hayden?highlight=Hayden
4. http://indo-investasi.com/showthread.php/7925-Rsi-logic-book-by-walter-baeyens-100-mb?highlight=walter
This site is obsoleted, but give you the simple idea on how to draw trendline on RSI:
hxxp://[email protected]/showthread.php?t=148902&highlight=RSI+trade
Some easy articles on RSI /TrendLines:
hxxp://[email protected]/files/Trend_lines.pdf
hxxp://[email protected]/reports/moving_averages_pt2.pdf
hxxp://[email protected]/reports/Relative_Strength_Index_Report.pdf
hxxp://www.youtube.com/watch?v=3ghuYqooyN0
The rest you need above Price Action like what syk1kz is showing - trendline, price channel etc...
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