The RSI Formula

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The RSI Formula

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CoffeeShopCrypto Discussion started by CoffeeShopCrypto 1 year ago

Most of you by now should know the RSI Formula and how to use it. Its based on price action and when things happen on oyur price while the RSI is at a certain value either above 0 or below 0 .

Here is the breakdown of how to calculate the formula.

If ur RSI value is any of the following, you do this.

RSI = 1 - 9 (your risk reward is 1:2)

RSI = 10 - 19 (your risk reward is 1:3)

RSI = 20 + (your risk reward is 1:4)

Lets use this discussion group to resolve any issues.

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technicalFalco6735 I put the sl to candle close - RSI value shows -> 2.99, target is hit on 2.9, if i go higher to 2.99 i am loosing the trade 1 year ago

technicalFalco6735 something is not working as it must be 1 year ago

technicalFalco6735 I change the RSI source to ohlc4 and now I have improvement but ... 1 year ago

cryptobyakugan Good day team. The RSI Formula should be illegal, how you cracked this is just pure genius. Months later and still no one else is talking about it... Show more 7 months ago

Good day team. The RSI Formula should be illegal, how you cracked this is just pure genius. Months later and still no one else is talking about it or even made an indicator about it, well done C@[[599:contact:CoffeeShopCrypto]]👏🏿👏🏿 I have a questions. On the video you were using an RSI with 50 as the midline. Then the formula becomes: 50 = 1:2 60 = 1:4 70 = 1:8 80 = 1:10 But now with the Algo changing to 0 as the midline, shouldn't the formula correspond with the RSI of 50 midline? Like this: 50 = 1:2 ↔️ 0 = 1:2 60 = 1:4 ↔️ 10 = 1:4 70 = 1:8 ↔️ 20 = 1:8 80 = 1:10 ↔️ 30 = 1:10 Question 2. Let's say I trade using orderblocks or some other form of support and resistance, and my other confluences are indicating that I should take a trade at the S/R, but now, the 50 EMA is still way too far from where I'm opening the trade, like 5 candles away, is it possible to calculate the reward using the RSI Formula? I'll upload a screenshot if needed. Question 3. Did you eventually get around to teaching how to use the 60, 70 and 80 RSI values Thank you.

CoffeeShopCrypto 1.
So with the new algo settings also with taking safer tp levels its
1 to 2
1 to 3
1 to 4
1 to 6.

2. Ur question basically implies there moments of market... Show more 7 months ago

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