Relative Strength Index (RSI)

The Relative Strength Index (RSI) is a well versed momentum based oscillator which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements. Essentially RSI, when graphed, provides a visual mean to monitor both the current, as well as historical, strength and weakness of a particular market. The strength or weakness is based on closing prices over the duration of a specified trading period creating a reliable metric of price and momentum changes. Given the popularity of cash settled instruments (stock indexes) and leveraged financial products (the entire field of derivatives); RSI has proven to be a viable indicator of price movements.

Read more about Relative Strength Index (RSI) in TradingView wiki.
WilliamSurya WilliamSurya EURUSD, 60, Long ,
EURUSD: EURUSD: Butterfly pattern setup
101 0 9
EURUSD, 60 Long
EURUSD: Butterfly pattern setup

Reason to entry: -Butterfly Pattern -price consolidate around resistant indicate price don't want to any lower and have probability to breakout the resistant of flag pattern (failed flag) -161.8 completion at strong structure lvl -wait for RSI confirmation -wait for higher high and higher close candle to minimize the risk Entry: -127.2% Butterfly’s ...

ARYK0 ARYK0 PRO GBPUSD, 240, Short ,
GBPUSD: GBP/USD Short Opportunity
136 1 7
GBPUSD, 240 Short
GBP/USD Short Opportunity

Potential double top short opportunity and with the dollar primed to rally I think this is a good short set up. Daily RSI is in the overbought level for the first time since mid 2015. Weekly RSI is at a previous high and could see resistance there. MACD and PPO are both negatively converging. A GDP report that could potentially reverse the trend is coming Friday ...

Anbat Anbat XAUUSD, D, Short ,
XAUUSD: GOLD- Bearish In May
96 0 8
GOLD- Bearish In May

Elliot Impulse Wave (12345) up has concluded & RSI (momentum) is going down, per XAUUSD 1 day chart. I believe that GOLD will be bearish in May. On shorter time frames, set up bear positions.

MaryJane MaryJane BTCUSD, D, Long ,
BTCUSD: On the finishing straight
81 1 6
On the finishing straight

We have reached the procyclicaql buying area. The RSI is overbought, so i exspect a tiny drop.. after that only the sky is the Limit! Cheers Main view:

JoshFX1 JoshFX1 NZDUSD, 240, Long ,
NZDUSD: NzdUsd Bullish Break-Out possible
93 0 6
NZDUSD, 240 Long
NzdUsd Bullish Break-Out possible

After dropping alot the range became more narrow while the daily time frame is at a support area. The Stoch Rsi made a nice bullish cross-over out of the oversold area confirming that selling pressure is over. A break-out of the upper range will be above 0.6888. How to trade - Buy at current market price or above 0.6888 with a stop-loss 0.6820. Take profit at ...

Dratator007 Dratator007 GOLD, 240, Long ,
26 0 7
GOLD, 240 Long

-Bounce on trendline -Divergence on rsi -Probably double bottom -Bounce on a support

kingzark kingzark PRO GBPUSD, 60, Short ,
GBPUSD: Bearish Cypher Bat (1hr) Butterfly (daily) Completions
64 0 6
GBPUSD, 60 Short
Bearish Cypher Bat (1hr) Butterfly (daily) Completions

Here we have 3 patterns all completing relatively close together. I will be looking to take this short as soon as my entry rules are met. The patterns finish at a decent level of resistance if you look back on higher time frames. We also almost have an overbought signal on the daily rsi as well as bearish divergence on the smaller time frames. Trade safe everybody,

FxWirePro FxWirePro PRO XAUUSD, W,
XAUUSD: Gold Chartpack - Technicals & Trade Setup
114 0 5
Gold Chartpack - Technicals & Trade Setup

Gold bulls in consolidating phase breach 50% Fib.Ret, 7-EMA cushions to confront interim bears – Boundary binaries to speculate bullion prices: Gold price behavior has been moving in rising channel but failure swings have also been observed as and when it nears channel resistance (refer daily charts). The current prices are well below EMAs amid mild upswings, ...

FxWirePro FxWirePro PRO GBPJPY, D,
GBPJPY: GBP/JPY bulls breach above 23.6% Fib.Ret, more rallies on cards
93 0 5
GBP/JPY bulls breach above 23.6% Fib.Ret, more rallies on cards

GBP/JPY bulls breach above 23.6% Fib.Ret, more rallies on cards as short-term trend backed by both momentum and trend oscillators: Although GBPJPY halted bull swings today at 143.545 levels, after bullish engulfing pattern, upswings breached above channel resistance despite shooting star, rallies likely to extend upon confirmation from both leading & lagging ...

tntsunrise tntsunrise TOP EURUSD, D, Short ,
6945 24 175

EURUSD HITS DAILY 0.618 LEVEL Hey Guys, The Recent Eur Rally push the price to 0.618 1.0933, but can't close above it. and meanwhile it hits the top of the channel. RSI overbought. With my DXY and USDCHF idea, EURUSD may fall from this level. So it's good to open a eurusd trade if haven't long USDCHF yet. SL above 1.0965 TP: The GAP and Previous Low

cguthrie922 cguthrie922 PRO KO, D, Long ,
KO: Bullish Triple Cross For Coca-Cola
9 0 6
KO, D Long
Bullish Triple Cross For Coca-Cola

On April 27, 2017, The Coca-Cola Company () 20 day moving average (DMA) crossed above the 250 DMA, 50 DMA crossed above the 200 DMA, and 100 DMA crossed above the 150 DMA. All three crosses are bullish in nature and have never all occurred on the same day before. Historically the stock does not always rise over the next 20 trading days when each individual cross ...

JoshFX1 JoshFX1 EURUSD, D, Long ,
EURUSD: EurUsd Possible Range Break-Out
112 0 4
EurUsd Possible Range Break-Out

Today will be a big day for EurUsd. There's important U.S. economic data to be released and prior to that theres EU inflation data (38min from this writing). Personally I think that the U.S. data will be dissapointing and will make the Euro stronger. This will cause a breakout of the range and price might continue to 1.1155. However if the data does turn out to be ...

kingzark kingzark PRO GBPUSD, 60,
GBPUSD: Cypher, Bat (1hr) Butterfly (daily) pattern completions
32 0 5
Cypher, Bat (1hr) Butterfly (daily) pattern completions

Here we have 3 patterns all finishing relatively close together. There are patterns on the hourly which you can take for a more short term basis targets at 382 and 618. The patterns complete at a decent level of resistance if you look back on a higher time frame. I will be looking to take this short soon if my entry rules are met. We also have almost an oversold ...

Jibs Jibs PRO AUDUSD, 240, Short ,
AUDUSD: AUDUSD - zones for shorts
25 0 5
AUDUSD, 240 Short
AUDUSD - zones for shorts

Awaiting price action to get into highlighted zones before looking for shorts through factors on entry timeframe (1hr) such as : RSI overbought, Candle formations, Potential patterns where present, ABCDs, Fibonaccis etc (preferably a mix of these). Price made an impulse down and is consolidating before more down movement (hopefully)

raco1310 raco1310 GBPJPY, 240, Short ,
85 0 4
GBPJPY, 240 Short

Sell opportunity. AB=CD pattern, resistance, RSI overbought, divergence.

TipTVFinance TipTVFinance SPX, D,
SPX: S&P500 – Bearish inverted hammer
69 0 4
S&P500 – Bearish inverted hammer

Wednesday’s bearish inverted hammer candle at record highs if followed by a close below 2381 today would open doors for a sell-off to 50-DMA level of 2362 levels. The 50-DMA is now inching closer to being topped out. On the higher side, a daily close above 2400 would add credence to the upward sloping RSI and open doors for 2450 levels over the near term.

TipTVFinance TipTVFinance MRW, D,
MRW: Morrisons - March high could be put to test again
5 0 6
Morrisons - March high could be put to test again

Multiple fake breakdowns/bear traps below 230 followed by a convincing break above 237 (Apr 24 high) coupled with the bullish daily RSI suggests the prices are set to retest 250 (March high). On the downside, only two consecutive daily close below 220 would revive bearish view.

gywang91 gywang91 AUDUSD, 60, Long ,
AUDUSD: AUDUSD - Bullish Divergence?
22 0 4
AUDUSD, 60 Long
AUDUSD - Bullish Divergence? Bullish Divergence forming on 1h with RSI/STOCH/MACD Double bottom pattern also suggests bullish reversal Possible entries: 1) Above neckline 0.7500 2) OR wait for new low around 0.7450

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