Lesson 1

Lesson 1

Lesson Attachments

RSI

RSI settings:
Period: 7
Levels: 80 (overbought) and 20 (oversold)
Time frame: M15

RSI gives us a signal and first confirmation. When RSI goes over 80 we start looking for sell. When it goes under 20, we start looking for buy.
We have confirmation from RSI when it’s pointing to our direction!
If RSI is between 20 and 80 we don’t have signal, we need to wait.

Example:
RSI went over 80 – signal for sell.
RSI is turning down – confirmation for sell.

RSI went under 20 – signal for buy.
RSI turning up – confirmation for buy.

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