
Andrew Cardwell – Basic RSI Course
The Basic RSI Course is a 125 page manual with 13 audio cd’s (11 hours) that goes into greater detail on Range Rules, Divergences, Positive/Negative Reversals, Reward/Risk, Probability, Money Management and Psychology.
Where the RSI EXplained is an introduction, like a piece of cake, The Basic RSI Course is like having the whole cake and the recipe to bake another one.
Course Outline:
A. Basic |
| I. Definition of Relative Strength Index (RSI) | II. Calculation of RSI and Time Period Selection | - Short Term
- Intermediate Term
- Long Term
| III. Parameters of RSI for Trend Analysis | - Value of RSI
- Normal Range
- Bull Range
- Bear Range
- Overbought / Oversold
| IV. Divergence and “The Signal Count” | - Momentum Highs/Momentum Lows
- Bullish
- Bearish
- Degree of: Short, Intermediate, Long Term
- The Signal Count
| V. Positive/Negative Reversals | - Positive Reversal vs Bullish Divergence
- Negative Reversal vs Bearish Divergence
| VI. Basic Trend Analysis Guidelines | - Uptrends
- Downtrends
- Moving Averages
| VII. Moving Averages | - RSI Value
- Close Price
- Simple (S), Weighted (W), Exponential (E)
- Suggested Values for Moving Averages
| VIII. Bullish Sentiment | - Up Trends
- Down Trends
- Trend of Sentiment
| IX. Time Cycles (Days, Weeks, Months & Years) | - ******
- Measurements
- Coincident Cycles
- Helpful with 4, 9, 13, 26, for Positive & Negative Reversal Windows
| - X. Price Cycles of Range or High/Low
| - Calculated on Range (Week, Day, Hour)
- Retracement of 50%
- Gann: 1/8th, 1/3rd
- Fibonacci: 38.2, 61.8
| |
B. Pattern Recognition |
| I. Divergence Patterns | | II. Reversal Patterns | - Positive Reversals
- Negative Reversals
| III. Hidden Signal for Intermediate Trend Change | - Bullish Divergence
- Bearish Divergence
| IV. Overbought / Oversold | - Up Trends – Intermediate to Long Term Support
- Intermediate to Long Term Positive Reversals
- Intermediate to Long Term Top Bottom Positive Reversals
| | - Down Trends – Intermediate to Long Term Resistance
- Intermediate to Long Term Negative Reversals
- Intermediate to Long Term Bottom Top Negative Reversals
| |
C. Price Targeting with Positive and Negative Reversals |
| I. Naked Signals | II. Enhanced Signals | |
D. Trend Analysis and Trend Change Checklist |
| I. Up Trends Down Trends | II. Down Trends | |
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