Discussion in 'Strategy Development' started by wbbank, Jan 30, 2009.

  1. wbbank


    I am currently using MACD along with a few other indicators. I am reading that RSI may be better. Any opinions? Thanks
  2. My opinion? Drop the indicators. Use S/R and pivots. Simple works. Maybe not every time. But that's why stops reduce your risk.
  3. Tums


    you will get all kinds of answers here.
    not all of them are useful.
  4. I use RSI.
    Forget the complicated nonsense that gets written about it, and use it in its simplest application: over 50 means the thing being measured is rising in the timeframe chosen, under 50 means it's declining.
    The other rule is just as simple and stupid: if you're using MA's, the MA period should match the RSI period. If you're using 10, use RSI on 10 too.
    That's it. All the other fluff built around it is a waste of time.