Theory:
Today, we're diving into an exciting tool for your trading arsenal: the RSI (Relative Strength Index) combined with on-chart support and resistance (SR) levels. This setup not only helps you gauge momentum but also visually highlights key price levels right on your chart. If you want a deeper understanding, check out this detailed explanation: CCI With On-Chart SR Levels.
Usage:
You can use this RSI setup just like any regular RSI indicator. Pay close attention to the color changes, as these can serve as valuable signals for your trading decisions.
This is what we like to call the "big picture" example.
With this combination of RSI and SR levels, you'll be better equipped to spot potential reversals and breakouts. So, why not give it a try in your next trading session?
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