RSI: Very Widely Used, But So Misunderstood!
How would you like to have a indicator that gave you trend, showed when the trend was possibly changing and forecasting future price objectives in the new emerging trend? Oh wait, it also shows support, resistance, helps to keep you in the trade (trend) longer for maximum capitalization and when to take profits and add to your position analysis.
Technical analysis is based mostly on four key components- price-momentum, time, and sentiment. In all my years of trading I have never found a indicator that offers as much as the RSI and incorporates all four of the key components. It can be used as an independent tool as well as a compliment to what you are currently using.
Many traders use the RSI but very few know how powerful and dynamic it can be as a complete analytical model. I invite you to our session, so that you can see the way we use it and why we call it the Cardwell RSI Edge. You will leave are session with a whole new appreciation and perspective for the RSI. I know you will enjoy it because our RSI EDGE is so much more than just 70 and 30.