Jun 20, 2020
Day and swing trade like a pro.
Moving 50 And RSI Oscillator
One can replace the RSI indicator with the Bollinger bands (50, 2) on any time frame. Please feel free to quote me anywhere.
The Bollinger bands (50, 2) is composed of the center line 50 (moving average 50) and upper bands that are just the projection of the center line (deviation 2 up and down).
The price action structures within the bands can replace the RSI indicator if one understands more about the ultimate role of the RSI indicator.
To the beginner technical traders, that could be difficult to accept. Please do not worry because the RSI oscillator is still a reliable indicator that the professionals love to use. I like the RSI too.