Relative Strength Index   Leave a comment

RSI displays the Oversold zone (which means time to Buy) and Overbought zone (time to Sell) with default value of 14, in market.  Range value: 0-100.

Oversold zone = RSI Range 10-30 (Average= 20-25)
Overbought zone= RSI Range 70-80 ( Average=70)

RSI arjun limbu

RSI-Arjun Limbu

Note: Before Trade, Ensure Trend reversing point with Confirmation from Bullish/Bearish candlesticks.

DIVERGENCE

Like Above, RSI always do not follow, so divergence gives you continuation of market trend.

divergences- arjun limbu

Posted April 13, 2015 by arjunlimbu

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