iCharts Discussions

[ist]

"... The mainstream believes that the oscillators generally travel between a scale of 0 to 100. Generally 20(or 30) and below is viewed as oversold, and 80 (Or 70)
and above is viewed as overbought market. WRONG.
...
The general rule to follow a bear market is that RSI will oscillate within a range of Low End of the 20~30 to an upper resistance zone of 55~65.
This is true regsrdless of market time horizon.
...
In the Bull Market the RSI will shift AND begin to oscillate within a range marked by a support zone Of 40~50 AND Upper resistance Zone Of 80~90.
..."

Attached is the snapshot of Sesagoa.... It truely works great for any time frame & gives a clear trend.

Regards
Stocktrend