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Time Strong Trend Entries with the RSI Oscillator
Finding and trading strength is what trend following is all about. The Relative Strength Index (RSI) is one of the most well-known overbought or oversold indicators. However, RSI is often a better tool to enter and identify entries on a trend depending on market conditions. Here is a breakdown on how to use the RSI for trend trading. The RSI became famous as an oscillator to determine reversal based entries. However, the meaning of the RSI as introduced by creator Welles Wilder is to display the strength behind a move absent of price and see if exhaustion is on the horizon or if there more room for the trend to run. ... (full story)
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