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How to use RSI indicator

Apply RSI 5 and RSI 14 Apply a short 5 period RSI (RSI 5) over the longer (default) 14 period RSI (RSI 14) and watch for crossovers.  With the RSI 14, there are times when the market does not reach the oversold or overbought levels before a shifting direction occurs.  A shorter period RSI is more reactive to recent price changes, so it can show early signs of reversals.  Buy Signal When the RSI 5 crosses above the RSI 14, it means that recent prices are getting higher. A buy signal is then generated, and a 5 vs. 14 cross should happen when the 5 period (blue) is oversold (below 30).  Sell Signal When the RSI 5 crosses below and becomes lower than the RSI 14, it means that recent prices are declining.  This is a sell signal. A 5 vs. 14 cross should occur when the 5 period (blue) is overbought (above 80).  Works well with Pivot Points Experienced traders may find that their trading performance greatly benefits from combining a RSI trading strategy with  ...
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Rookie Swing Trader Journal August 25, 2021 - Bought AXP

What did I learn from Adam Khoo's Momentum Investing Course today? Scroll down to see my notes.  How's ETH today? ETH-USD $3137 (binance.sg) When to sell? when to buy? How's my purchasing power today? I can buy 3 stocks using  Moomoo .  Is it a good day to buy stocks? Look at the  S&P 500 hourly chart ...  Is the 10 SMA above the 30 EMA? Yes Is Williams %R (3) less than -80 (oversold)? No Is the ADX momentum indicator above 25? Yes If everything is Yes, buy! No! ⚠️ Once you bought a stock, trade the chart of the stock itself and forget about the market...  https://www.swing-trade-stocks.com/market-timing.html What stocks to buy?    Noted on 20 Aug 2021. My watch list is entirely green. My holdings are entirely red. It means the STS21 stock-picking method works. Combine ST and MI strategies.  Buy undervalued SP500 uptrending stocks... PEG less than 1... https://finviz.com/screener.ashx?v=111&f=fa_peg_low,idx_sp500,ta_sma20_pb,ta_s...
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The Rookie Trader 211227 - Queued to buy GS at $377

I s it a good day to buy stocks? Look at the  S&P 500 hourly chart ...  Is the 10 SMA above the 30 EMA?  Is Williams %R (3) less than -80 (oversold)?  Is the ADX momentum indicator above 25?  If one is Yes, buy!  👉Buy x3 signals What stocks to buy?    Buy DJIA and S&P500 stocks.  undervalued PEG less than 1.5,  uptrend above 200MA, when going down and about to bounce...   https://finviz.com/screener.ashx?v=111&f=fa_peg_u2,idx_sp500,ta_perf_1wdown,ta_sma20_pb,ta_sma200_pa&ft=4 Double confirm for UNDERvaluation here...  https://simplywall.st/dashboard Buy if undervalued more than 30%. 👉Queue to Buy GS at $377 Which stock to sell? Check for OVERvaluation here...  https://simplywall.st/dashboard Sell if overvalued. 👉None Until tomorrow.  May the market be with you. ~ The Rookie Trader  PS: I would like to thank the following... For the charts...  https://finance.yahoo.com/ For all in...
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