RSI Notes

The Relative Strength Index compares upward movements in closing price to downward movements over a selected period. Wilder originally used a 14 day period, but 7 and 9 days are commonly used to trade the short cycle and 21 or 25 days for the intermediate cycle.

Ranging Markets

Set the Overbought level at 70 and Oversold at 30.

Trending Markets

Only take signals in the direction of the trend.