RSI strength Breakout
Replies
CoffeeShopCrypto
great but what about the reaction to the RSI strength.
You talked about w hat the RSI needs to be showing but nothing abut the RSI strength line 3 months ago
You talked about w hat the RSI needs to be showing but nothing abut the RSI strength line 3 months ago
CSCFoundation
nice strat.. gonnna see how this plays out too. the Rsi strength is a good exit indicator to me .. not sure what settings i need to make it more...
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3 months ago
So far i came up with this.
LuxAlgo trendlines with breaks
RSI Strength
You enter position when RSI indicator breaks positive or negative 10 in combination with trendlines breakout both indicators on default for mass usage ease
Took 4 positions, 1 stopped out.
In backtest shows about 70% success. With more indicators or market knowledge number goes higher of course. In my opinion, since we are talking RSI indicator it might need divergence symbol. Since i think it's the best exit strategy.