Relative Strength Index (RSI)RSI was one of the first indicators that I learnt how to use, and by using it without any other indicator, I was able to generate profit.RSI indicates if a coin is in overbuy or oversell, allowing you to make better entry decisions.This is what it looks like:The chart ranges between 0 and 100, but the values that really interest you are the 70 and the 30.If the RSI value falls below 30, then this is a buying\/longing sign. If it goes above 70, then it is a selling \/ shorting sign.Applying this with the price action of BTC, we get the following output:As you can see, RSI is very easy to understand and start using, when you add this indicator, the 70 and 30 lines already come in the chart, so you don\u2019t even have to memorize those numbers.Moving AveragesMoving Averages (from here on mentioned as \u201cMA\u201d) are what I consider to be an essential indicator. It mainly indicates the presence of a trend, but you can also use it to plan entry and exit points (when more than one MA is used).There are 2 types of MA\u2019s and below you can see the definition for both of them, according to Investopedia :Simple Moving Average (SMA)The simplest form of a moving average, known as a simple moving average (SMA), is calculated by taking the arithmetic mean of a given set of values over a specified period of time. In other words, a set of numbers\u2013or prices in the case of financial instruments\u2013are added together and then divided by the number of prices in the set. The formula for calculating the simple moving average of a security is as followsExponential Moving Average (EMA)The exponential moving average is a type of moving average that gives more weight to\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Relative Strength Index (RSI)RSI was one of the first indicators that I learnt how to use, and by using it without any other indicator, I was [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/5463"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=5463"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/5463\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=5463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=5463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=5463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}