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RSI
I've found RSI useful in trading .
I use several aspects of the indicator using a 14 period,
As per Andrew Cardwell and John Hayden.
Looking at the overbought areas not always at the 70 and 20 but depending where the current trend is .i.e. tranding down use 20 and 60 and in an up trend 40 and say 80.
I like to use areas of support as given historically by the rsi and look for these to break for a good move and to indicate a change of trend . Trend lines being broken to give Trend line Breaks .
The most magical of Rsi though is the time when price and rsi have a momentum discrepancy (hidden divergence). Anybody else use this, doesnt seems to much said about it ?.
Triplepack
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