The RSI indicator is a cruel mistress!
Personally I prefer Laguerre RSI (which produces fewer trades) combined with MACD to cut out false signals
- RSI is a leading indicator: signal price tops and bottoms BEFORE they actually occur
- Just because the RSI enters into these extreme levels, it DOES NOT mean you necessarily need to Buy or Sell. At a minimum, such movements should ALERT you to the POSSIBILITY that a TREND REVERSAL is imminent
- Often the price will continue to rise even after the RSI crosses above 70. And you may carry a loss for an uncertain amount of time if you buy when RSI crosses below 30 and the price continues to fall
- LIMIT: RSI is NOT USEFUL in TRENDING market
- Buy when the Laguerre RSI crosses above 0.3 (upwards)
- Sell and Short when the Laguerre RSI crosses below 0.7 (downwards)
The RSI indicator is a cruel mistress! RSI is a leading...
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$6.68 |
Change
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Mkt cap ! $4.829B | |||
| Open | High | Low | Value | Volume |
| $6.70 | $6.71 | $6.61 | $6.477M | 971.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12782 | $6.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.69 | 15324 | 5 |
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