RSI Made Easy: RSI Trading Course

Many traders struggle to understand how the relative strength index works and how it can be used in different market situations. As a result, most of them overlook the potential trading opportunities. They cannot even evaluate the market conditions and identify the potential reversal points. As a result, some traders end up using these indicators in ineffective ways, leading to losses or not taking advantage of profitable trades.

To simplify this indicator, we have curated our course on technical trading strategies with the RSI indicator. It is our second series of perfectly designed courses on technical indicators and their use in developing trading strategies.

The objective of this course is to gain a thorough knowledge of the basics of these indicators. Furthermore, we will provide an in-depth understanding of various trading strategies using the relative strength index indicator in combination with a series of other indicators for both swing and intraday traders. 

This course will help you first understand the basics of the RSI indicator, where we will discuss the interpretation of this indicator and spot the overbought & oversold zones. Here we will know the method of plotting in the live chart and its calculation. We will identify classic reversal patterns utilizing this indicator and explore the concept of divergence.

After understanding the basic concept, we will delve into the various trading strategies using multiple indicators, including relative strength index (RSI), moving averages, moving average convergence divergence (MACD), average directional index (ADX), Bollinger band (BB), William % R and commodity channel index (CCI) for different timeframes and understand risk management and position sizing.

Apart from this, we will also provide you free access to StockEdge Premium for a month, StockEdge, India's trusted Stock Market Research and Analytics App. It will help you analyze the market data to make your research faster and easier by utilizing the various technical scans, fundamentals scans, derivatives scans and many more. Through this, you will gain insights into tracking real-time technical scans and stock indicators, enabling you to stay updated with market movements.

Please find below the topics covered under this course - RSI Made Easy:

Section 1: Relative Strength Index (RSI) Indicator Explained

• Understanding the Basics of RSI: We will start our course by understanding the foundational concepts of the relative strength index. Through this, you will get comprehensive knowledge of how to interpret and its significance. Here we will also identify the overbought and oversold zones. Furthermore, we will understand how it can help you to measure the strength of trends and their role in indicating potential trend reversals. Along with that, you will understand the method of plotting this indicator using TradingView and its calculation to get insights into the momentum of the stocks.
• Classical Reversal Trade with the help of RSI: Next, we will explore how to spot classical reversal patterns utilizing relative strength index indicators. By spotting the classical reversal trade with the help of this, we will know when potential trend reversals might occur in the market. Through this, you will provide valuable insights into shifts in market sentiment and offer traders a strategic advantage in their decision-making process. Additionally, we will dive deep into the various levels of this indicator to forecast the key turning points and make informed trading decisions.
• Classical RSI Divergence Trades: Then, we will delve into the world of RSI divergence, where we will learn to identify differences between the relative strength index and price movements. This divergence can spot potential trend reversals. Here you will understand how to recognize both bullish and bearish divergences and use them in your trading strategy.
• Winning Trades using RSI: Then, we will learn about the specific trading range of these indicators across different market conditions, which is helpful in trending markets. Here you will get how to identify the trend of the market and understand the trade setups within this band to capture winning trades. You will also understand how to identify potential opportunities within the different ranges of 45-55, enabling you to capture winning trades in specific market conditions.

Section 2: Technical Strategies Using Relative Strength Index(RSI) Indicator

• Technical strategy on Buy-side: After covering the concept, we will then dive into a series of rsi trading strategies that involve different buying strategies utilizing relative strength index and various indicators, moving averages, moving average convergence divergence (MACD), average directional index (ADX), Williams % R and commodity channel index (CCI) on daily timeframes. Then we will understand the entry and exit points and risk management techniques to implement your trading strategies.
• Technical strategy on Sell-side: Moving on the sell side, we will analyze a range of technical strategies by using the relative strength index indicators as well as other indicators like moving averages, moving average convergence divergence (MACD), average directional index (ADX), Williams % R and commodity channel index (CCI) on daily timeframes. We will next go through optimal entry and exit points, as well as risk management methods, to help you to implement your trading strategies.

Section 3: Intraday Technical Strategies using RSI Indicator:

• Technical strategy on Buy-side: Moving forward, we will then dive into a series of technical strategies that involve different buying strategies utilizing the relative strength index and various indicators, moving averages and Bollinger on intraday timeframes. Then we will understand the entry and exit points and risk management techniques to implement your trading strategies.
• Technical strategy on Sell-side: Moving on the sell side, we will analyze a range of technical strategies by using the relative strength index indicators as well as other indicators like moving averages and Bollinger bands on intraday timeframes. We will next go through optimal entry and exit points, as well as risk management methods, to help you to implement your trading strategies. You will also understand how to trade in live charts by using TradingView.