Creating Objective Boundaries on the RSI

Creating Objective Support and Resistance Levels on the RSI

The RSI is a known contrarian indicator where market participants initiate reversal trades as the RSI approaches the oversold and overbought levels. This article presents the hypothesis that we cannot know for sure what are the oversold and overbought levels and thus, it presents a simple way of calculating them.

I have released a new book after the succ…