RSI with Visual Buy/Sell Setup | Corrective/Impulsive Indicator

RSI with Visual Buy/Sell Setup | 40-60 Support/Resistance | Corrective/Impulsive Indicator v2.15

|| RSI - The Complete Guide PDF ||

Modified Zones with Colors for easy recognition of Price Action.


Resistance @ downtrend = 60

Support @ uptrend = 40

Over 70 = Strong Bullish Impulse

Under 30 = Strong Bearish Impulse

Uptrend : 40-80

Downtrend: 60-20

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Higher Highs in price, Lower Highs in RSI = Bearish Divergence

Lower Lows in price, Higher Lows in RSI = Bullish Divergence

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Trendlines from Higher/Lower Peaks, breakout + retest for buy/sell setups.

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There are multiple ways for using RSI, not only divergences, but it confirms the trend, possible bounce for continuation and signals for possible trend reversal.

There's more advanced use of RSI inside the book RSI: The Complete Guide



Go with the force, and follow the trend.

"The Force is more your friend than the trend"