Advanced RSI: Advanced Overbought | Oversold Signals

Advanced RSI Overview[\b]

• The conventional RSI momentum indicator measures the magnitude of price changes over a user-specified period to determine overbought and oversold conditions in the price of an asset.
  
• MetaWorld Advanced RSI adds several sophisticated features to enhance the analysis of RSI to detect early signs of trend reversals and continuations.
  
• Advanced capabilities include customizable fast and slow RSI moving averages, advanced overbought and oversold signals, RSI Bollinger Bands, and regular and hidden divergences.
  
• These features provide traders with opportunities to identify confluence using other MetaWorld Crypto indicator suite signals and increase the probability of entering winning trades.
  

Advanced Overbought | Oversold Signals[\b]

• Advanced Overbought | Oversold signals (i.e., dots) reflect an adaptive approach that normalizes RSI data relative to the trend using RSI Bollinger Bands.
  
• These signals improve the reliability of RSI overbought and oversold signals compared to traditional methods.
  
• Signals will appear even when the standard RSI line may be far away from the generally accepted overbought and oversold thresholds (i.e., 70 and 30, respectively).
  
• Advanced Overbought | Oversold signals provide the Advanced RSI trader with the means to identify trend reversal opportunities that most traders will miss.
  
• Always practice risk management: Use proper position sizing and a stop-loss on every trade.
  
  * This tutorial is intended for educational purposes only.