Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Advertisements
Advertisements
Solid ECN Securities | Best Place to Trade CFD Products
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="SOLIDECN, post: 210912, member: 80239"] [JUSTIFY][img]https://i.ibb.co/6n2qPgG/ad-3.png[/img] [/JUSTIFY] [HEADING=1][CENTER](RSI) Range Shift- A Simple but Effective Trading Strategy[/CENTER][/HEADING] [JUSTIFY]The Relative Strength Index (RSI) is the most popular technical indicator among traders worldwide. It was created in the 1970s by Wells Wilder. In his 1978 book New Concepts in Technical Trading Systems, Mr Wilder advised that the indicator’s default setting be 14 days (half-moon cycle). The RSI is commonly used to determine overbought and oversold levels. Divergence, Reversal, and Failure Swing are other terms associated with using RSI. However, Andrew Cardwell, commonly known as Dr RSI, discovered the Range Shift idea. Furthermore, he found that the RSI indicator may be applied to trending and non-trending markets. [img]https://i.ibb.co/HPvQQbv/Screenshot-4.png[/img] [/JUSTIFY] [HEADING=1][CENTER]What is the RSI Range Shift concept?[/CENTER][/HEADING] [JUSTIFY]RSI Range Shift is a phenomenon that occurs when the RSI indicator ‘shifts’ from one specified range to another in response to changes in the price movement of an underlying asset. There are five different types of RSI ranges.[/JUSTIFY] [LIST] [*][JUSTIFY]Super Bullish Range-60-80[/JUSTIFY] [*][JUSTIFY]Bullish Range-40-80[/JUSTIFY] [*][JUSTIFY]Bearish Range-20-60[/JUSTIFY] [*][JUSTIFY]Super Bearish Range-20-40[/JUSTIFY] [*][JUSTIFY]Sideways Range-40-60[/JUSTIFY] [/LIST] [HEADING=1][CENTER]Trading Examples[/CENTER][/HEADING] [JUSTIFY][B]1. Super Bullish Range[/B] In this situation, the RSI refuses to fall below 60 and seeks support near 60. RSI tends to swing between 60 and 80 during this highly bullish era. Consider the following Reliance example. [img]https://i.ibb.co/1sdc6r4/Screenshot-5.png[/img] [B]2. Bullish Range[/B] When a stock is rising, the RSI will not fall below 40. Instead, it looks for help around the level of 40. For example, see the Lupin chart below, where the RSI refused to move below 40 and fluctuated between 40 and 80. [img]https://i.ibb.co/HpTFYcS/Screenshot-6.png[/img][/JUSTIFY] [HR][/HR] [url=https://solidecn.com]Visit solidecn.com[/url] [url=https://www.trustpilot.com/review/solidecn.com]Trust Pilot Score 4.9[/url] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…