RSI
0-100 momentum oscillator for overbought and oversold. Times pullbacks at extremes.
About
The Relative Strength Index (RSI) is a 0 to 100 momentum oscillator. Readings above 70 are commonly treated as overbought, and readings below 30 as oversold.
RSI can stay extreme while a trend runs. A reclaim back through 30 (or a loss of 70) is often clearer than the first print into the zone. Divergence with price is a second read, not a standalone entry.
Add RSI to a mix as an oversold or overbought gate, then require a trend or volume confirmation so the rule is not firing on every oscillator wiggle.
Mixes using RSI
Dragonfly Doji Reversal LongKO1 day
Buy a Dragonfly Doji after a selloff while RSI is still weak. Exit when RSI recovers, at a profit target, on a stop loss, or after a set number of bars.
Gravestone Doji Reversal ShortTSLA1 day
Short a Gravestone Doji after a rally while RSI is still strong. Cover when RSI fades, at a profit target, on a stop loss, or after a set number of bars.
Bearish Harami Reversal ShortNKE1 day
Short a Bearish Harami after a rally while RSI is still strong. Cover when RSI fades, at a profit target, on a stop loss, or after a set number of bars.