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Pastimes : ASK Vendit Off Topic Questions

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To: robert duke who wrote (420)	5/23/1999 8:35:00 AM
From: Vendit™	Read Replies (2) of 19374

How do you use the RSI and what number should it be on? RSI should be set on 14. The following is the text book description of Relative Strength Index and how to read it. RSI This indicator developed by J. Welles Wilder Jr. measures the velocity of directional movement. RSI is often used to identify price tops and bottoms by designating specific levels, usually 30 for oversold and 70 for overbought on a chart which is scaled from 0 to 100. The author recommends using 14 days to calculate a securities RSI but due to the wide range in volatility from one stock too another, the user of this oscillator should experiment with various numbers (usually between 10-16) to find the appropriate setting for a given security. Divergence between the RSI and stock price often indicate a possible correction. where do you get the bolinger band info? I'm not clear on you question. Do you want to know what they mean or how to make a Bollinger Chart? what two or three indicators are the most important. The important thing you should remember about the indicators is this, each stock is unique and so a particular indicator that works well for one stock might not be ideal for another stock. It is important to take an indicator and look at how a stock reacts to it's signals over a 1 or 2 year time frame. If you see that a particular signal consistantly works then you can be sure this will continue. To find buy signals I like William's, Stochastics and Money Flow to que me that a stock is likely to turn up. My favorite buy signal to act on is MACD 8-17-9. When it signals you normally get an explosive move up. To find sell signals I generally watch RSI's direction as well as Williams. When the black Stocstics line turns flat or down this is also a good signal to use for the sell side. Candles are a favorite indicator going in either direction.

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