DislikedBud cool stuff...But I see that its what price is showing us....if we simply put a linnear regression channle like Bo tought us we still have the channel as well as see the direction of the market...I might be wrong since I am not experienced with that indicator to its full potential...
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Regarding RSI - it is only another tool that can show another dimension of price behavior. It's useless to try to trade from RSI directly (especially if traders think it's possible to detect oversold/overbought with it...that's just silly), but I combine it with PA, use it on multiple tf's to learn more about what price is showing me, and it helps me to make $$$...lol. That's all I care about - but yes the RSI is derived from price, but sometimes there's patterns and movements RSI will pick up that can't be observed with PA alone. I guess it comes down to whatever a trader feels most comfortable. Stoch's, MACD, RSI, ADX....to me it doesn't matter - I think it all depends on how a trader interprets the information and can use it for an edge. OK - I'm done promoting RSI now. LOL.
"Wishful thinking dies hard." Igor T.