Rsi(2) levels for Intraday Trading

[syb23411]

Rsi (2) Levels for 26-09-2019

 

[timepass]

In the xls, can you also include previous 2 days' RSI(2) in the headers ? Thanks.

 

[preetyprince]

Rsi (2) Levels for 26-09-2019

I have still question. How you are projecting price as per 2 days rsi level? Can u share equation with excel? Ur excel is without equations. So please open up for all.

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[syb23411]

The Rsi(2) attached file is not projection.This are actual figures calculated through reverse engineering,

 

[syb23411]

In This File for 26-09-2017 ,previous day Rsi(2) is included.

 

[preetyprince]

The Rsi(2) attached file is not projection.This are actual figures calculated through reverse engineering,

Please explain us what is reverse engineering in terms of you? In short how to calculate please. So weak traders like me can understand.

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[timepass]

Please explain us what is reverse engineering in terms of you? In short how to calculate please. So weak traders like me can understand.

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In easy terms, it calculates like this "ApolloTyres : Today's closing price is 249.8 and RSI is 9.96; now, what will be the price if RSI is 6.0 ? or 21, or 1.5..." and then all kinds of mathematical calculations happen as shown in the file attached by manojborle some posts back.

 

[syb23411]

Rsi (2) Levels for 27-09-2019

 

[timepass]

Have you recently taken any trades as per this strategy ?

 

[syb23411]

I only day trade.Before entering any trade first thing I check is since how many days the stock is up or down and what was the previous days rsi(2),It will give a fair idea where the stock price is , whether overbought or over sold. Next before entering a trade whether long or short i check the current rsi for the particular price it will give a fair idea how much risk i am taking .I trade with intraday scanner, when the system shows some buy or sell signal , i cross check with the rsi(2) value to confirm the same. It is not a trading system, but will be useful to make trading decision.