RSI 9 TRICKS RSI Range concept : RSI is a powerful indicators for any chart which is based on stock market. Its almost available all the platform and its easy to catch the figure. The range of RSI is 0 to 100 where 50 stands as middle or neutral. This article is for beginner and I will try to explain it simply. Some people indicate that the above 70 area is for bullish trend and below 30 is bearish trend. But my thought is not based on it. Just look at the zig zag level. Where you can findout a trend. We have to find out the top to top hook and it vice verse. Dnt ask why we have to find out. Everyone need the result. But practice to findout the hooks first and use a line to connect them and wait for breakout the line as you can see on the chart. Why different Parameters are use on RSI ? The default value of RSI is 14 which is a standard number as per many analyst. Some analyst use different number as per its output and better chart reading. At first we have to understand the value of t...
