RocketRSI—A Solid Propellant For Your Rocket Science Trading by John F. Ehlers
Wouldn’t it be great to know that there’s a strong chance a cyclic reversal will take place? How many indicators can identify this event? The RSI is a favorite indicator among technical analysts. Make it a tad bit more flexible and it may help you find those high-probability reversal points.
J. Welles Wilder’s original description of the relative strength index (RSI) in his 1978 book New Concepts In Technical Trading Systems specified a calculation length of 14 days. That requirement started me on a 40-year quest to find the correct length of data for the computation of indicators and trading strategy rules ...