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Open Equals High and Open Equals Low AFL

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RSI DAILY AND WEEKLY
-50%

RSI DAILY AND WEEKLY

Original price was: ₹999.00.Current price is: ₹499.00.

The Daily and Weekly RSI strategy combines short-term and longer-term analyses to identify potential trend shifts. Traders assess the Relative Strength Index (RSI) on both daily and weekly charts, looking for convergence or divergence. For example, if the daily RSI indicates oversold conditions with a bullish weekly RSI, it may signal a buying opportunity. Conversely, an overbought daily RSI with a bearish weekly RSI might suggest a sell signal. This strategy offers a comprehensive view of market trends by considering both short-term and longer-term RSI perspectives.

SKU: AFL-13 Category: Tags: , , ,
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Description

The Daily and Weekly Relative Strength Index (RSI) strategy combines short-term and longer-term analysis to identify potential trend reversals or continuations. By analyzing the RSI on daily and weekly charts, traders can spot convergence or divergence in RSI readings to confirm trend shifts. For example, an oversold daily RSI with a bullish weekly RSI might signal a buy, while an overbought daily RSI with a bearish weekly RSI could suggest a sell. This strategy provides a broader market perspective and can be effectively implemented using Amibroker AFL.

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