RSI 90+ on DIA

Discussion in 'Technical Analysis' started by S2007S, Oct 13, 2006.

  1. Buy1Sell2

    Buy1Sell2

    RSI is one of the most fantastic tools available to the professional trader.
     
    #11     Oct 14, 2006
  2. skippy

    skippy

    I'd like to know more. Would you care to elaborate? What, in your view, sets RSI apart from "Banded Momentum Oscillator B"?
     
    #12     Oct 14, 2006
  3. romik

    romik

    Would you say it does work because many pro traders actually reference it?

    Some seem to believe that conventional TA does not work due to mass usage. I can relate to this on intraday basis, especially during lower volume times, but on longer TFs I just can not agree with this, of course everything is relative to actual methodology applied.
     
    #13     Oct 14, 2006
  4. Buy1Sell2

    Buy1Sell2

    Absolutely having more people using the TA makes it more effective. For example, when we are near a top, the more people who are using TA for entries and exit who are seeing that will begin selling and prices will be driven down eventually. The general public is still buying at that time. --Thank goodness not everybody is using it, but it's definitely a help that a good number do.
     
    #14     Oct 14, 2006
  5. Buy1Sell2

    Buy1Sell2

    I've set out my approach for the RSI through many posts here on ET. The info is here for the taking. The Banded Momentum Oscillator B? I've no idea what that is. Can you provide a link?
     
    #15     Oct 14, 2006
  6. skippy

    skippy

    I meant any other banded momentum oscillator -- such as stochastics, %R, etc. In others words, "Brand X."
     
    #16     Oct 14, 2006
  7. Buy1Sell2

    Buy1Sell2

    Oh. RSI is most reliable.
     
    #17     Oct 14, 2006
  8. romik

    romik

    a combo is more reliable :)
     
    #18     Oct 14, 2006
  9. Buy1Sell2

    Buy1Sell2

    Romik, you know I use a combo.
     
    #19     Oct 14, 2006
  10. romik

    romik

    Yes Sir, I do.
     
    #20     Oct 14, 2006