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Cost Averaging, Again MACD and RSI



Alex Onze has interesting take on stock trading. He calls himself the Ghetto Financial Adviser. His songs and rap are actually entertaining. He shares
  • place orders on GTC
  • advocates cost averaging
  • build assets first before buying

Tyrone Solee of Millionaire Acts in his blog shares about MACD and RSI
  • Buy when MACD crosses above the MACD signal line
  • Sell when MACD crosses below MACD signal line
  • Watch out when the MACD lines cross, check if the histogram has flattened
  • Buy when RSI crosses bottom line (<30 li="" line="" or="" oversold="">
  • Sell when RSI crosses above line (>70) or overbought line

Spyfrat aka Sir Hernan Segovia shares on stock market indicators he used

  • Bollinger bands
  • RSI
Additional setup from Spyfat
  • Daily Time Frame
  • Weekly Time Frame
  • Bollinger Bands set values at 50, 0.20
  • RSI set to 30-period from the default 14 and set level 70 & 50 from the default 70-30
Conditions according to Spyfat

  • If bollinger bands below your prices=uptrend
    • If bollinger bands above your prices=downtrend
    • If RSI(30) above 50 level=uptrend
    • If RSI(30) below 50 level=downtrend
    • If both daily and weekly RSI(30) above 70 level=parabolic state
    • If both daily and weekly RSI(30) above 70 level but daily RSI is greater than weekly=parabolic high risk (phr) which is subject to paraburst wherein price already at its toppish and subject for correction
    • If both daily and weekly RSI(30) above 80 level regardless which is greater from the other=extreme parabolic high risk  (ephr) which will also be subject for correction
    • *best set up when RSI weekly is greater than RSI daily*

    For more stock trading articles, visit Digital Nomad Here

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