Another powerful indicator for your successful trading
In the previous TA challenges, we had learned the use of trading indicators such as MA, MACD, EMA, DMI, and BB. In this new session, we're going to explore the use of the relative strength index(RSI). With RSI, you can better evaluate whether a stock is in the overbought/oversold zone.
Let's tap the following post title to start learning now!
When finishing learning, don't forget to post your notes in the discussion to win a reward. Besides, you may receive advice and kudos from your fellow mooers!
Where is the RSI indicator? Follow the steps below to use RSI.
Rewards:
1. USD 20 Stock Cash Coupon
We will select 6 winners of the featured posts regarding quality, originality, indicators, charts, and user engagement.
*What's stock cash coupon: https://www.moomoo.com/support/topic527
We will select 6 winners of the featured posts regarding quality, originality, indicators, charts, and user engagement.
*What's stock cash coupon: https://www.moomoo.com/support/topic527
2. 88 Points
Posts with a minimum of 20 words & analytical charts will be rewarded with 88 points.
*The above rewards are mutually exclusive.
Duration: Now – May 8, 2022 11:59 PM SGT
T&C：https://www.moomoo.com/support/topic577
Posts with a minimum of 20 words & analytical charts will be rewarded with 88 points.
*The above rewards are mutually exclusive.
Duration: Now – May 8, 2022 11:59 PM SGT
T&C：https://www.moomoo.com/support/topic577
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This article is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this video is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal.
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Rocket Man : Agar agar see. Can le. Not all 100% accurate one
Milk The Cow Rocket Man :
Milk The Cow Rocket Man :
Tuyea :
102216020 : very useful indicator
moneysnipper : The basic logic of rsi is that if you go up more, you will fall, and if you fall too much, you will go up. Can be used to determine the investment, after the investment, do not look at the k line, do not look at the price, only look at the indicators, because the indicators will not be new low, but the stage is low.
WolfOfWallStreet Tuyea :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Tyler Jacks : you can tell my the mcad. can I get the 20usd coupon
treydongui : I usually set my RSI within 25 points of top or bottom so it's a little extra oversold or overbought when I use it RSI. in stocks this is a very useful indicator used in conjunction with others. but experiences showed me that cryptocurrency traders value this indicator more than any other especially when cryptocurrencies are so young and volatile right now they're hard to chart accurate future movements with consistent accuracy. Reason being; 1.)very little history/data to go on, 2.) small trading volumes compared to the level of adoption and growth in crypto market over the last year. and the early days in crypto would make the "Wild Wild West wear a dress" ;) Early crypto was riffe with scams, pump n dumps, many exchanges faking volume, super high business failure rate,and last but not least IT WASN'T REGULATED (A CRYPTO CURSE WORD, SHHH ;)
one thing I found interesting that I didn't know until after a good while was to watch to see if RSI is trending in the top half or bottom half consistently to decipher if the trend is bullish or bearish in some situations. I had heard of this when I went thru every indicator i could find, researched and used them individually. I devoted my entire last year to having a basic understanding of every indicator I can find pretty much LOL i gained some knowledge but the experience was just as important. This year I had gone back to normal, and it DEFINITELY has been very telling in more ways than i could think of I'm sure.
thank you @Meta Moo for creating this course and sharing your wisdom. not to mention providing an awesome opportunity as you guys always have since my first day here. keep being you and wow the app is really innovative. you guys are killing it congrats