Originally Posted by
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I only look to get trend-following transactions but I avert all off-chart indiors like RSI. Reasons are that they don't provide any information I absolutely have to have before the transaction, and what they tell me I could get from the price chart anyhow. The particular trend gauge you've levied on the RSI - i.e. 50 is an uptrend, 50- is a downtrend - is artificial: the truth is that most of the time, price isn't trending at all, thus a binary up/down measure is likely to lead you into confusion. I'm not a pure price action trader, I do use EMA's.