saico
59 posts
msg #127770
- Ignore saico |
3/30/2016 12:26:59 PM
Hi everyone,
when a chart plots a RSI on the bottom, extrem zones get colored either red, or green. But what condition must be met for that? Since even when the RSI rises into an extreme zone, like above 70, it doesnt mean the field turns red.
Much thanks in advance!
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pthomas215
1,251 posts
msg #127819
- Ignore pthomas215 |
4/3/2016 5:59:57 PM
Im not sure about the color coding. if you are looking to short, you want rsi above the upper band. I wouldnt look at rsi alone though. would look at both MACD and Momentum in conjunction to paint the entire picture. You will have successful shorts if your rsi is above the upper band, MACD is above 0 and Momentum is above its upper band.
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