Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now
How to Trade with the Relative Strength Index (RSI) (Australia Session)
Thank you for signing up for the webinar.
20 minutes before the session starts, a 'Start Webinar' button will appear on this page. Click the button to access the webinar.
Never miss a session by adding a reminder to your calendar.
Add to Calendar
Webinar has finished
Registered Users: 45
- Forex
- Technical Analysis
- Beginners
- Intermediate
Add to Calendar
Final Step: Sponsor Registration
This free webinar is sponsored by %BROKER_NAME%. Please complete the form below in order to finalize your webinar registration.
In this webinar, I will be covering one of the most popular oscillators – Relative Strength Index (RSI).
Many traders look to the RSI traditionally for its overbought and oversold levels and divergence.
The RSI is a basic measure of how well an asset is performing against itself by comparing the strength of the up days versus the down days. This number is computed and has a range between 0 and 100. Usually, a reading above 70 is considered bullish, while a reading below 30 is an indication of bearishness.
The signals given by the Relative Strength Indicator (RSI) are: Movements above 70, are interpreted as indicating overbought conditions, thereby giving the opportunity to sell. Conversely, movements under 30 signals oversold conditions, by which, giving the opportunity to buy.
Divergence
Divergence is a powerful signal that can spot potential market reversals by comparing the indicator and market direction. When you see RSI divergence, this occurs when price splits from the indicator, and they begin heading in opposite directions. For example, you will see the price making a higher high, but then, on the corresponding time on the RSI indicator window, you will see the RSI indicator making a lower high. This behaviour is called divergence.
Timeframe
The default setting period is 14 which you may find does not suit your trading temperament. Normally, short-term traders use a shorter period, such as a 7, or a lower period RSI. Whereas longer-term traders may opt for a higher period, such as a 18 to 26 period RSI for a smoother indicator line.
Rob Clayton
Rob is an Australian FX expert and former Westpac senior analyst with over 28 years’ experience in the markets. Join Rob’s live webinar and find out how you can make use of specific technical analysis tools to help you make better, smarter trading decisions!
Many traders look to the RSI traditionally for its overbought and oversold levels and divergence.
The RSI is a basic measure of how well an asset is performing against itself by comparing the strength of the up days versus the down days. This number is computed and has a range between 0 and 100. Usually, a reading above 70 is considered bullish, while a reading below 30 is an indication of bearishness.
The signals given by the Relative Strength Indicator (RSI) are: Movements above 70, are interpreted as indicating overbought conditions, thereby giving the opportunity to sell. Conversely, movements under 30 signals oversold conditions, by which, giving the opportunity to buy.
Divergence
Divergence is a powerful signal that can spot potential market reversals by comparing the indicator and market direction. When you see RSI divergence, this occurs when price splits from the indicator, and they begin heading in opposite directions. For example, you will see the price making a higher high, but then, on the corresponding time on the RSI indicator window, you will see the RSI indicator making a lower high. This behaviour is called divergence.
Timeframe
The default setting period is 14 which you may find does not suit your trading temperament. Normally, short-term traders use a shorter period, such as a 7, or a lower period RSI. Whereas longer-term traders may opt for a higher period, such as a 18 to 26 period RSI for a smoother indicator line.
Rob Clayton
Rob is an Australian FX expert and former Westpac senior analyst with over 28 years’ experience in the markets. Join Rob’s live webinar and find out how you can make use of specific technical analysis tools to help you make better, smarter trading decisions!