Stocks & Commodities V. 44:03 (19–19, 41): The RSI(5): A Modification Of The Relative Strength Index by Bill Dodd, PhD
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The RSI(5): A Modification Of The Relative Strength Index by Bill Dodd, PhD
Here’s a version of the RSI indicator that can find trend early and reduce drawdown.
In this article, I’ll describe a modification of the relative strength index. This variation allows a trader to enter a new trend in any security very early, or alternatively, sell a trend near its high. As well as potentially increasing profitability, this RSI(5) application is very effective in reducing portfolio drawdown ...
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