Andrew Cardwell – Basic RSI Course

Where the RSI EXplained is an introduction, like a piece of cake, The Basic RSI Course is like having the whole cake and the recipe to bake another one.Where the RSI EXplained is an introduction, like a piece of cake, The Basic RSI Course is like having the whole cake and the recipe to bake another one.

Course Outline:Course Outline:

A. BasicA. Basic
I. Definition of Relative Strength Index (RSI) I. Definition of Relative Strength Index (RSI)

II. Calculation of RSI and Time Period SelectionII. Calculation of RSI and Time Period Selection
Short Term Short Term
Intermediate Term Intermediate Term
Long Term Long Term

III. Parameters of RSI for Trend AnalysisIII. Parameters of RSI for Trend Analysis
Value of RSI Value of RSI
Normal Range Normal Range
Bull Range Bull Range
Bear Range Bear Range
Overbought / Oversold Overbought / Oversold

IV. Divergence and “The Signal Count”IV. Divergence and “The Signal Count”
Momentum Highs/Momentum Lows Momentum Highs/Momentum Lows
Bullish Bullish
Bearish Bearish
Degree of: Short, Intermediate, Long Term Degree of: Short, Intermediate, Long Term
The Signal Count The Signal Count

V. Positive/Negative ReversalsV. Positive/Negative Reversals
Positive Reversal vs Bullish Divergence Positive Reversal vs Bullish Divergence
Negative Reversal vs Bearish Divergence Negative Reversal vs Bearish Divergence

VI. Basic Trend Analysis GuidelinesVI. Basic Trend Analysis Guidelines
Uptrends Uptrends
Downtrends Downtrends
Moving Averages Moving Averages

VII. Moving AveragesVII. Moving Averages
RSI Value RSI Value
Close Price Close Price
Simple (S), Weighted (W), Exponential (E) Simple (S), Weighted (W), Exponential (E)
Suggested Values for Moving Averages Suggested Values for Moving Averages

VIII. Bullish SentimentVIII. Bullish Sentiment
Up Trends Up Trends
Down Trends Down Trends
Trend of Sentiment Trend of Sentiment

IX. Time Cycles (Days, Weeks, Months & Years)IX. Time Cycles (Days, Weeks, Months & Years)
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Measurements Measurements
Coincident Cycles Coincident Cycles
Helpful with 4, 9, 13, 26, for Positive & Negative Reversal Windows Helpful with 4, 9, 13, 26, for Positive & Negative Reversal Windows

X. Price Cycles of Range or High/LowX. Price Cycles of Range or High/Low
Calculated on Range (Week, Day, Hour) Calculated on Range (Week, Day, Hour)
Retracement of 50% Retracement of 50%
Gann: 1/8th, 1/3rd Gann: 1/8th, 1/3rd
Fibonacci: 38.2, 61.8 Fibonacci: 38.2, 61.8

B. Pattern RecognitionB. Pattern Recognition
I. Divergence Patterns I. Divergence Patterns
Bullish Bullish
Bearish Bearish

II. Reversal PatternsII. Reversal Patterns
Positive Reversals Positive Reversals
Negative Reversals Negative Reversals

III. Hidden Signal for Intermediate Trend ChangeIII. Hidden Signal for Intermediate Trend Change
Bullish Divergence Bullish Divergence
Bearish Divergence Bearish Divergence

IV. Overbought / OversoldIV. Overbought / Oversold
Up Trends – Intermediate to Long Term Support Up Trends – Intermediate to Long Term Support
Intermediate to Long Term Positive Reversals Intermediate to Long Term Positive Reversals
Intermediate to Long Term Top Bottom Positive Reversals Intermediate to Long Term Top Bottom Positive Reversals

V. Oversold / OverboughtV. Oversold / Overbought
Down Trends – Intermediate to Long Term Resistance Down Trends – Intermediate to Long Term Resistance
Intermediate to Long Term Negative Reversals Intermediate to Long Term Negative Reversals
Intermediate to Long Term Bottom Top Negative Reversals Intermediate to Long Term Bottom Top Negative Reversals

C. Price Targeting with Positive and Negative ReversalsC. Price Targeting with Positive and Negative Reversals
I. Naked Signals I. Naked Signals
II. Enhanced Signals II. Enhanced Signals

D. Trend Analysis and Trend Change ChecklistD. Trend Analysis and Trend Change Checklist
I. Up Trends Down Trends I. Up Trends Down Trends
II. Down Trends II. Down Trends

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