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Trend Rider Algo #2

Hi Riders, today we launched a new sub-indicator: RSI Extremes, located in our Trend Rider Algo #2 Settings.


We will update our new Trend Rider Algo #2 indicator with new sub-indicators in the coming weeks, stay tuned!



Regarding our RSI Extreme Indicator:



This sub-indicator helps you predict at what levels the price will be oversold or overbought, which helps to :

  • set targets for shorts/longs

  • eliminate emotion and don´t chase a trade which is already oversold/overbought

  • detect when a price wick is below/above oversold/overbought levels.



RSI Extremes indicator:

  • Blue Line: Overbought Limit (price above, means the asses is overbought)

  • Orange Line: Oversold limit (price below, means the asset is oversold)




See wigs outside levels as opportunities:


In this example, you can take profits from shorts or buy if you catch the price way below the orange line.



A possible setup

Combine Trend Rider Algo #1 with RSI Extremes sub-indicator and Trend Oscillator for an optimal trading setup.



How to activate RSI Extremes sub-indicator



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Trading is risky & most day traders lose money. This site & the products & services Trend Riders offers are for informational & educational purposes only. All content is to be considered hypothetical, selected after the fact, in order to demonstrate our product and should not be construed as financial advice. Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Past performance does not guarantee future results.
 

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