7 RSI Trading Strategies That WillBoost Your Trading Prowess

7 RSI Trading Strategies That WillBoost Your Trading Prowess

The Relative Strength Index (RSI) designed by J. Welles Wilder is a popular and versatile
trading indicator.
You can vary its lookback period, combine it with different trading tools, look for
divergences, and even draw trend lines on it. Each method produces a unique tool that
enables diverse strategies.
Here you will find seven RSI trading strategies that showcase the different facets of this
powerful indicator. Before you jump in to explore the trading strategies below, make sure you
understand the
basics of the RSI indicator.
Also, bear in mind that these trading strategies are not perfect and are
unlikely to be
profitable when traded mechanically
.
However, by examining these diverse RSI trading methods, you will gain helpful insights
into J. Welles Wilder’s most famous indicator.
List of RSI Trading Strategies
1. 2-Period RSI
2. RSI with Support & Resistance Zone For Day Trading
3. Divergence with Candlestick Patterns
4. Trend Confirmation (Midline Analysis)
5. Failure Swing
6. Trend Lines
7. Range Shift

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