Video review of "The Relative Strength Index Explained"

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Devised by Welles Wilder in 1977, the Relative Strength Index (RSI) is one of the best known of the technical indicators. RSI is a momentum oscillator measuring the rate of price change. RSI can help a trader identify where price is overextended in one direction or another; these levels are generally accepted as overbought or oversold. Optimally, the trader enters the market when the price is low and exits when the price is high. The RSI is much more than a simple overbought/oversold indicator. It can be used to anticipate trend change and identify high profit, low risk trade opportunities.

Andrew shares with you his approach to using RSI to identify trend and trend change, and setting price objectives based on RSI patterns. Andrew also discusses numerous examples and applications of the RSI in a variety of markets, including stocks, financials, metals, currencies, and commodities. The applications and principles he cites are those used to find trading opportunities with minimum profit objectives of $1,000-$2,000.

Using a building block process, Andrew helps you gain further insight and a better perspective into the markets and market behavior. This session helps you develop your trader’s knowledge and confidence — two key traits for trading success. Andrew’s concept of positive and negative reversal patterns gives traders the confidence needed to enter a market with conviction.

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