The Relative Strength Index (RSI) designed by J. Welles Wilder is a popular and versatile trading indicator. You can vary its lookback period, combine it with different trading tools, look for divergences, and even draw trend lines on it. Each method produces a unique tool that enables diverse strategies. Here you will find seven RSI […]
MACD Hidden Divergence Trading Strategy
Oscillators like RSI, stochastics, and MACD are powerful tools if you know how to use them. Looking out for divergences is a part of using oscillators for trading. Divergence refers to the disagreement between price and the oscillator. Classic divergences are part of a reversal trading strategy. Hidden divergences point to continuation trades. Take a look […]
Trading Candlestick Patterns With Relative Strength Index (RSI)
In Japanese Candlestick Charting Techniques, Steve Nison included a section on using candlesticks with oscillators including stochastics, RSI, and moving average oscillator. According to Steve Nison, oscillators are objective and augment the more subjective candlestick patterns. In our review, we will focus on using candlestick patterns with Welles Wilder’s RSI. RSI measures the momentum of gains and […]
