How to use RSI to identify and trade with the momentum?
Aug 30, 2021What is RSI?
Definition
Relative Strength Index, a measure of the movement and how fast it is moving. Every tool included in our system uses RSI as a base condition.
As one of the main components of the Momentum Options Trading Strategy, we see a lot of value in this indicator as it will help you:
- Know if a stock is really moving and which way
- Identify tickers worth day trading/swing trading
The only thing you need to know when looking at RSI
- If RSI is above 50, Price is bullish
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If RSI is below 50, Price is bearish
That's it!
Watch the video to see more details and examples on how you can use RSI in your trading. If you are ready to take your trading to the next level and learn about all the tools you need to succeed in trading, check out our trading system!
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