RSI Indicator - Trading Guide & Tutorial & Free Amazing Trading Strategy - By Vladimir Ribakov

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📈 How to use RSI strategy effectively and correctly 📈

Hi traders,

In this video I talk about the RSI (Relative strength index) indicator. This video is a trading guide and tutorial about the RSI indicator.

So, let's begin -

Relative Strength Index, or famously known as the RSI, is a favorite indicator developed by J.Welles Wilder a technical analyst who created several other indicators that are now considered to be core indicators in the technical analysis software. The RSI help traders to evaluate the strength of the current market.

What is it's purpose:

The RSI goal is to outline the current and historical strength or weakness of a stock/instruments based on the closing price of a recent trading period.

The objective of the RSI indicator is to measure the change in price momentum.
The Rsi is typically used on a 14-day time frame, measured on a scale 0- 100.

With high and low levels marked 70 and 30, respectively
Even though the default is set for 14 days
Most traders will change the timeframe but what works for the developer work for me.

👇Click on the link below to get the sRs system, which is based on the RSI indicator trading methods:

b.link/srs-top

The formula view:

The formula for calculating the Relative Strength Index is as follows

RSI= 100 - 100 / (1+RS)
RS= Average Gain over specified period/ Average loss over the same period

The most common uses of the RSI:

To verify breakouts- Most traders like to synchronize the trend lines on the chart and on the indicator. My personal view is ensuring that the patterns on the charts are the same as the patterns of the RSI. Then you will have a clear picture of the relative strength index in the whole movement.

Pattern Breakout- The formation of the pattern is an interesting phenomenon in the building of the chart. Any pattern may it be reversal or continuation will stage a breakout at a particular point of time.

▶️Click here to learn more about trend line breakouts principle:

https://youtu.be/9qwAk9h3Hds

▶️Click here to watch my explanation on how to trade False Breakout:
https://youtu.be/siSZZte6QHI

Failure Swing- A bullish failure swing forms when RSI moves below 30 (oversold), bounces above 30, pulls back, holds above 30 and then breaks its prior high.

▶️ View the video below which explains the Forex Swing Indicator:
https://youtu.be/GOCUS5ctP1I

The Rule of 50- If you think a trend is coming to take a quick look at the RSI and look if it above or below 50.
When looking for a possible uptrend, ensure that the RSI is above 50.
When looking for a possible downtrend, ensure that the RSI is below 50.

🚫What not to do:

Calling the top/ the bottom- Most traders believe and rely on this logic that when the price goes up the chart will retrace and when the price goes down the chart will reverse.

▶️ Watch my video below on effectively using Stop Loss to protect your risk:
https://youtu.be/sCH5Z8QtnB8

The most used of the RSI and my personal favorite is to find Divergences.

What is Divergence:

Divergence is a situation that tells you one thing and the indicator tells you the opposite. In an uptrend, you will have higher highs on the charts and on the indicator, you will have lower highs. In a downtrend, you will have lower lows on the charts and higher lows on the indicator.
The indicator helps you to visualize better and is much easier at reading the charts but should not be solely dependent on.

To get the knowledge on using Divergences, click below to get it for free:

http://b.link/checkdu

My all-time favorite method of using the RSI is by the multi-timeframe divergence and the combination of the breakout.

In this video, you will learn about my RSI indicator trading strategy!

I would love to hear your feedback!

How often do you use the RSI and what is your secret technique?

Thank you as always for watching my video. If you enjoyed it please hit the like button and leave your feedback in the comments. You can also share with your family and friends to increase their knowledge as well.

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#rsiindicator #breakout #identifyingtrends #rsistrategy

Yours to your success,

Vladimir Ribakov
http://b.link/wr-tac

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