Stocks & Commodities V. 21:3 (16-21): Combining Fibonacci Retracements And The RSI by Ingo W. Bucher

Stocks & Commodities V. 21:3 (16-21): Combining Fibonacci Retracements And The RSI by Ingo W. Bucher
Item# \V21\C03\050FIB.PDF
$2.95
Availability: In Stock

Product Description

Combining Fibonacci Retracements And The RSI by Ingo W. Bucher

Combining the two can help identify significant support and resistance levels.

Many of you have used the relative strength index (RSI) and Fibonacci retracement levels independently, but have you ever considered analyzing the behavior of Fibonacci retracement levels on the RSI? It may seem remote, but this technique could have some advantages over the commonly used 70–30 overboughtoversold level of the RSI. In addition, there is a great deal of information between the overbought and oversold levels that could be exploited more effectively by combining traditional charting and Fibonacci ratios. I’ll start by defining RSI.

THE RELATIVE STRENGTH INDEX (RSI)

The RSI compares the strength of price advances with respect to price declines over a specific time period. In 1978, J. Welles Wilder Jr. developed this indicator to overcome some of the inaccuracies of the simpler momentum oscillators. The term “relative strength” can be slightly misleading, because the indicator does not show the relationship between two different securities. Instead, it measures the internal strength of one security. The calculation of the RSI is provided in detail in the sidebar, “Relative strength index calculation.”




FOR THOSE ORDERING ARTICLES SEPARATELY:
*Note: $2.95-$5.95 Articles are in PDF format only. No hard copy of the article(s) will be delivered. During checkout, click the "Download Now" button to immediately receive your article(s) purchase. STOCKS & COMMODITIES magazine is delivered via mail. After paying for your subscription at store.traders.com users can view the S&C Digital Edition in the subscriber's section on Traders.com.




Take Control of Your Trading.
Professional Traders' Starter Kit
All these items shown below only $299.99!
  • 5-year subscription to Technical Analysis of STOCKS & COMMODITIES, The Traders' magazine. (Shipping outside the US is extra. Washington state addresses require sales tax based on your locale.)
  • 5 year access to S&C Archive
  • 5 year access to S&C Digital Edition
  • 5-year subscription to Traders.com Advantage.
  • 5-year subscription to Working Money.
  • Free book selection.
  • Click Here to Order