Z1P - Technical Analysis posts, page-359

I've found with the RSI that what can add to it's usefulness (it's already very useful) is drawing a trendline across whatever time period you're looking at (like if it's going up draw one connecting all the dips, and if it's going down draw one connecting all the tops). Then you can use that trendline as a reference point (if RSI breaks up through the downtrend line you drew on it then that can mean price wants to go up, and if it breaks down through the uptrend line you drew then that can mean that price wants to go down).

That doesn't work 100% of the time but it gets a decent hit rate from what I've used of it. And the trendline breaks are something you can do over and above using the "buy when it gets below 20, sell when it gets above 80" rule (which still holds as well).

And another thing you can do with the trendlines you drew is match them against what the price is doing: if RSI is trending up but prices are making new lows, that can mean prices want to turn up, and vice versa. Again not 100% foolproof but a decent hit rate.

You probably do all that anyway but putting it out there in case it's of some use to you.

RSI is a great indicator.