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 the 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 the Relative Strength Index (RSI) in TradingView wiki.
DLavrov DLavrov TOP BTCUSD, D, Long ,
BTCUSD: Bitcoin Key Level
3991 23 73
Bitcoin Key Level

The market falls and it's time to prepare for opening long trades. But which levels are good for buying? Let's look at the daily chart, even you trade based on hourly charts. We can draw Fib retracement based on the low 891.33 and the high 2980.00 level. Also we have several uptrend lines but we must focus on the middle one. If the market drops to this level, ...

DLavrov DLavrov TOP BTCUSD, D, Long ,
BTCUSD: Bitcoin Trading Idea
1425 18 37
Bitcoin Trading Idea

Let's look at the daily chart of Bitcoin and try to understand possible price movements of this market. We can see that price bounces from MA50 and the support level 2400.00. This price reversal is confirmed by the candlestick pattern, RSI and MACD histogram. It's a signal that probably correction is over and we can see up movement. We should place buy-stop orders ...

DLavrov DLavrov TOP ETHUSD, D, Long ,
ETHUSD: Ethereum Buy Signal
1282 9 41
Ethereum Buy Signal

The market bounced from MA50 and the support zone. RSI confirms price reversal and MACD histogram confirms up movement. We have long opportunity and it's time to buy above 280.00 level. Stop orders for long trades should be below 200.00 level. The profit targets are at the downtrend line and the resistance level. We'll have to watch for price action near the ...

chartwatchers chartwatchers PRO USOIL, D, Long ,
USOIL: OIL - Almost
1291 6 34
OIL - Almost

Yesterday we broke above the down trendline. Today price was above both the 10 EMA and 10 SMA almost whole day. By the close we closed below both moving average. A close above the 10 EMA and 10 SMA will pull the big players into this market . Indicators are showing signs of reversal : RSI has left oversold levels. MACD crossed over at extreme levels. Notice how ...

DLavrov DLavrov TOP LTCUSD, D, Long ,
LTCUSD: Litecoin Buy Signal
827 7 30
Litecoin Buy Signal

Price bounced from the strong support level. RSI and a candlestick pattern confirms price reversal. We have long opportunity and it's logical to buy above 39.50 level with stop below 32.00 level. Probably the market will make a new attempt to reach 50.00 level. Our profit target should be near this resistance level. Long trades can be opened based on the trading ...

Salmanmemon786 Salmanmemon786 EURJPY, D, Short ,
EURJPY: Eurjpy a big drop is coming Soon be Alert
192 2 11
Eurjpy a big drop is coming Soon be Alert

Eurjpy Trading around 127.10 level where Strong top seems around 128 level if hold below a big drop is Expected we can see Over bought condition on Daily in RSI also A big drop is coming Soon that can b 400-700 pips Advice to sell cmp 127.10-127.9 SL 128.5 Tp1 122 tp2 119

bernino bernino PRO BTCUSD, 240, Long ,
BTCUSD: BTCUSD Bull 3000 test - break out of down channel
359 0 8
BTCUSD, 240 Long
BTCUSD Bull 3000 test - break out of down channel

We've just broken out of the down channel by C, D, that came to be as a result of the coiling by the triangle formation after first pull back from 3000, lines A and B. So, this will be the last leg of the trade from Ichimoku on 1,5,15,30min have crossed over and candles ...

SN_Doumet SN_Doumet EURUSD, 240, Short ,
179 1 9
EURUSD, 240 Short

1) Huge upward move generated by ECB's Mario Draghi - the bulls will want to cash out profits now therefore this should push the price back down 2) RSI heavily overbought on multiple time frames

Roker1 Roker1 PRO GBPUSD, 60, Short ,
GBPUSD: Harmonic Pattern on Pound!
368 3 21
GBPUSD, 60 Short
Harmonic Pattern on Pound!

Hey guys, here you can see a Bat Pattern that's ready to complete on 4hr chart. Its completion point comes right at a key level of daily structure that could push prices lower. RSI is near to overbought condition and a psychological level lies right there. You can either choose to take the bat pattern at the D point or wait for price to come to the yellow box and ...

WakhraTrader WakhraTrader NZDUSD, D, Long ,
NZDUSD: NZDUSD Good Opportunity
71 0 8
NZDUSD Good Opportunity

Down opportunity showing in Rsi.

tonypascal tonypascal BTCUSD, 30,
BTCUSD: BTCUSD possible reversal idea
194 0 6
BTCUSD possible reversal idea

There is a little divergence with the RSI. Could this mean a reversal? Its also near my blue support line from this idea

journeyofarookie2.0 journeyofarookie2.0 GBPUSD, 60, Short ,
GBPUSD: Trend continuation short .. or not !
85 2 7
GBPUSD, 60 Short
Trend continuation short .. or not !

Price action is in a downtrend on my trading timeframe and this bearish BAT is a perfect opportunity to catch a potential continuation to the downside. Risk to reward ratio is a bit above 1:3, RSI is massively oversold (> 90) as price got in the completion zone, which is a good indication (but not a guarantee that price will reverse). So I'm aiming for extended ...

CryptoWarrior CryptoWarrior PRO BTCUSD, D, Short ,
153 2 5

In my humble opinion BTC is going to drop more in this week, if we take a close look at the Cart below we ca see that the RSI indicator is in a downward trend, and the MACD is still going down. Another important factor is that Bitcoin was presenting an very long upward trend that was broken in the 22 of June. It has a support line around 2,400 USD. I think it is ...

Hybred Hybred PRO BTCUSD, D, Long ,
BTCUSD: BTCUSD - Bitcoin shaking out the weak, or about to crumble?
147 1 5
BTCUSD - Bitcoin shaking out the weak, or about to crumble?

With BTC teetering on a large trendline lately, it is easy to think this movement is completed and the market is about to become bearish. However, we are over a month away from Segwit, and all signals still look OK on all timeframes. Our RSI trend looks touchy, but still healthy. The macro trendline of this entire bull run has been respected multiple times now. ...

NZDUSD: NZDUSD Short opportunity
58 0 6
NZDUSD Short opportunity

Great opportunity for a short trade on this pair. Has reached monthly resistance level which perfectly aligns with the RSI signalling the pair weakening.

koryu koryu PRO BTCUSD, M,
BTCUSD: BTC - Scio me nihil scire
112 1 5
BTC - Scio me nihil scire

I have been permabull on bitcoin since a long time. But now things start to get more tricky. Socaretes once said "I know that I know nothing". I feel like that, I dont know if bitcoin will reach a new high from here or if we go in a correction. Knowing that I dont know it, I am looking to find a way to not miss out a new run but also not lose too much profits ...

Swerver Swerver PRO USDCAD, 240, Long ,
USDCAD: USDCAD - Monthly support + AB=CD with DIV - 4HR - POT long
80 6 4
USDCAD, 240 Long
USDCAD - Monthly support + AB=CD with DIV - 4HR - POT long

USDCAD - Monthly support + AB=CD with DIV - 4HR We are just entering Monthly support and AB=CD complete at same price level. A little further down is Butterfly completion point. RSI Divergence is showing us we may not reach the pattern completion levels, and the AB=CD may take effect to react first. Waiting on candle close and reaction here on the 4HR DIV is ...

TradeReact TradeReact XRPUSDT, D, Long ,
XRPUSDT: Ripple XRP Keeps Fishing In those Dollar Bulls
76 0 5
Ripple XRP Keeps Fishing In those Dollar Bulls

Look at the chart. Most noticably is the buyers keep coming in around the 50 RSI level, which is Positive. Also you see support on the chart, although it hasn't breaked-out strongly to the upside yet. The fibonacci level still points towards higher targets. This starts looking more and more like it favours normal market conditions from the well known Forex markets.

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