RSI is often used for buy/sell signals (under 30 oversold - buy, over 70 over bought sell). But the time between signals can be longer than desired. (So the STOCHRSI was developed. See for yourself. Over 0.8 sell, under 0.2 buy ) Top of chart is RSI and bottom is STOCHRSI.
Hope you find this useful. GL Traders
Very nice and accurate chart work..... T/U
ReplyDeleteI did, thanks Inlet, added it to my charts....
ReplyDeleteLike any tool it is not perfect, but I find it useful.
ReplyDeleteGreatly appreciate your chart!
ReplyDelete