trend lines on an RSI chart.

Sep 17, 2019

As the RSI charts are (specially the 21 period one) is far less volatile or noisy than the price movement chart, it is easier to determine its trend using the trend lines. the attached silver RSI chart shows how trend lines can be drawn on RSI and a fair idea of price movement can be drawn.

Sep 18, 2019

Note

it has worked so well once again, trendlines do work in most of the cases.