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Thread: Using RSI to Gauge Trends

  1. #1
    Do you utilize rsi to gauge trends?

    I found that using rsi, we could grab trends easily.





    Rsi can be very fast, but using multiple timeframe approach definitely helps.

    You can see at the right hand side of the first chart - the trends remain down to the entire time.

    The way to do this isIf rsi below 50 - that the trend is down. If rsi above 50 - that the trend is upward. The interval can be 13 or even 11.

    What I wanted to know is is there anybody else using rsi into deternine trend? Any sharing would be appreciated.

  2. #2

  3. #3

  4. #4
    I only look to get transactions but I avert all off-chart indiors such as RSI. Reasons are that they don't offer any advice I must have prior to the transaction, and what they tell me I can get from the price chart anyway. The particular trend gauge you've imposed on the RSI - i.e. 50 is an uptrend, 50- is a downtrend - is artificial: the truth is that the majority of the time, price is not trending at all, so a binary up/down measure is bound to lead you to confusion.

    I am not a pure price action trader, I do utilize EMA's.

  5. #5
    Quote Originally Posted by ;
    Aud/Cad picture
    What I noticed is that you're using rsi awaiting divergence? Is it true?

  6. #6
    Quote Originally Posted by ;
    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.
    Yup. I'm also applying SR in my charts.

    But, using RSI is simple enough. I show you a few examples to trade using RSIs.

    In my view, price is trending - it's the way we look at all those timeframes. If h4 ranges, there might be trend in h1. If h1 ranges, there might be trend in m15. And so forth. Even in ranging m5, there'll be tendency in m1. We can't gain (or decrease) if each the tfs ranging...

  7. #7
    Why would you wait around to touch 50 to go?

  8. #8

  9. #9
    The purpose I brought this thread up is looking for somebody which use rsi as fad gauge.

    Many kind of egies might be done with rsi.

    If you are using rsi bollinger bands, you may look for m tops/w bottoms. Or possibly a divergence lower (higher) high which does not shut outside bollinger bands.



    The usage of rsi just unlimited.

  10. #10
    Quote Originally Posted by ;
    why do you wait around to get RSI to touch 50 to go long?
    What I mean is above 50 the trend is up. Not necessarily go. We could buy at dips for instance. .

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