A lesson on how to trade the RSI for traders and investors using technical analysis in the stock market, futures market and forex market. An oscillator is a leading technical indicator which fluctuates above and below a center line and normally has upper and lower bands which indicate overbought and oversold conditions in the market (an exception to this would be the MACD which is an Oscillator as well). One of the most popular Oscillators outside of the MACD which we have already ...
The key elements of this strategy are as follows: 1. A strategy designed for intraday trading 2. Rangebound strategy expecting the market to revert to a mean 3. Plot 2 pairs of bollinger bands, each using different standard deviations 4. When the market closes at or above the upper band of the higher standard deviation bollinger band, look to short 5. Confirm that ADX ...
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