Dear Traders, There is Magic in RSI

af Sudhir Dixit

To me, RSI is a fascinating and dynamic indicator. Others may consider it a momentum oscillator only, which works more effectively in a range-bound market, but trust me, it can give you significant signals even in trending markets. If you don't believe me, at least believe Andrew Cardwell, who has said, 'I haven't found anything in over thirty years of work that can hold a candle to what RSI can do.' Most of the other indicators like moving averages are lagging indicators, as they lack predictiv... (Læs mere)