Buy Position
When 9days EMA crossed above 21days EMA, at that time RSI should be cross above 50 Average.
Sell Position
When 9days EMA crossed below 21days EMA, at that time RSI should be cross below 50 Average.
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Bullish View
Bearish View
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Hi,
Good effort!
One of the best ways to use the RSI is by determining whether the stock is overbought or oversold. This method is an easy way to identify buying and selling opportunities in non-trending markets. However, understanding the logic of overbought/oversold can help you better to master this technique.
RSI Bullish Signal
When the RSI falls below 30 it simply indicates the weakness of the stock but do not indicate an oversold scenario. When the stock rises back above the 30 level after a plunge then it can be used as a buy signal.
RSI Bearish Signal
When the RSI rises above 70 it simply indicates the strength of the stock but do not indicate an overbought scenario. When the stock fell below the 70 level after a rise then it can be used for selling short.
If you are interested in learning about the RSI divergence…. Just click on the link below
https://www.youtube.com/watch?v=bIsaSbe4yLU