Myth Busting – RSI Indicator

AUDUSD RSI Oversold

What I am going to show you today is the old RSI Indicator and the ever popular Oversold and Overbought strategy and their probabilities on daily timeframes using default periods. The strategy we will test is whether on a 14 Period RSI we will take a long trade (buy) if we get an Oversold signal, and a short trade (sell) if we get an Overbought signal…

Video: RSI Or Psych?

psycha

Some of the moves we’ve seen recently have brought into focus a topic which I often get questions about, and that is dealing with weakness in RSI, namely the false readings we can often see in trending markets.

In this video I take a look at a comparison of the classic RSI indicator with own Psychology indicator and show you just how effective Psychology can be in avoiding the downfalls of trading with RSI.