A reality of part-time trading is that you may not always have time to trade every day. Full-time traders will have a daily schedule and routine tasks will be a part of their day. This is a definite advantage for traders who make a living from the markets, and ultimately you need to find time to become a successful trader.
RSI was introduced by Welles Wilder in the late 1970’s. Wilder observed that you should initiate the trade when the momentum indicator changes direction only when the average upmove is greater than the average downmove over a given number of days, or the inverse for a sell signal – when the average momentum is relatively …
The ideal technical indicator, according to Andrew Cardwell, Jr., is one that offers capability to identify and monitor the current trend, highlight overbought and oversold extremes, and give early warnings of a trend change. “The Relative Strength Index (RSI) is such an indicator, offering the best of all worlds,” said Cardwell, president of Cardwell Financial …