Angelou's RSI

22 Mei 2018

Hello and welcome, this is AngelouHD and this is my RSI oscillator based on RSI 14 (classic and most used by all traders).
I was studying RSI and found out that this awesome tool is very helpful, so I did more research and added some features which includes:

1 LONG signal which is that bold green pattern on the RSI (white).
2 SHORT signal which is that bold green pattern on the RSI (white).
3 Supports and resistances in most common areas such: 100, 90, 80, 70, 66, 50, 34, 30, 20, 10 and 0.

To consider:

* 100, 90, 80, 70 and 66 RSI (most of the times, my studies showed that most traders are likely to TAKE PROFITS and SELL/GO SHORT.
I found out that 100 RSI is a must, must SELL and TAKE PROFITS (overbought).

* 50 RSI is also good zone for ENTRY and BUY/GO LONG only in very bullish market, you got to be very carefull on this, so first study the market conditions: BTC bullish, book orders looking bullish, coins @ good support / resistance lines, etc. If none of the previous conditions, then don't trade and wait for lower RSI levels.

* 34, 30, 20, 10 and 0 RSI most of the times, my studies showed that most traders are likely to ENTRY and BUY/GO LONG.
I found out that 0 RSI is a must, must BUY and TAKE ACTION (oversold).

All this is just my studies and my opinion, not a finantial advice. Not always will work the way I'm explaining since this Crypto World is full of manipulation, so please take note.

LAST THING: Search on youtube and do your own research about "RSI divergences" and you will understand why sometimes even if RSI is high (overbought), let's say 70 RSI... your coin continue to go up and up and then RSI goes below 60 RSI and that coin continues to go upbullish.

And viceversa sometimes you see RSI is very low (oversold) et's say 20 RSI... your coin continue to go down and down and then RSI goes above 30 RSI and that coin continues to go bearish.

I wish you the best and I hope you take advantage, stay profitable, be careful but take action, no fear. Jesus Christ bless you all!