Overview
Simple overbought-oversold momentum play using NEXT RSI , which blends volume analysis with momentum. Volume weighing of the algo reduces the lag and improves accuracy over vanilla RSI as volume often precedes price action. This is a contra-trend (momentum exhaustion) scalping strategy - use order management (TP, SL, trailing stops) and do not trade...
Hello Traders,
This video explains how I use RSI to generate big returns in the Forex market. RSI has always been one of my favorite leading indicators I use when looking for confirmations. I highly recommend it. Take a few minutes to watch my video and learn how to use it effectively for intraday trading.
Trade Safe - Trade Well
~Michael Harding
NSE:CNXPHARMA is displaying negative divergence on a daily timeframe.
Short term/swing traders may start to hedge their long positions, with call short.