The RIGHT Way to Combine Moving Averages, RSI & Stochastics By Elliottwave International
Traders Love Tools Like RSI
Maybe you do, too. I’m in your camp: The Relative Strength Index and other simple momentum indicators can be of great help.
The problem is, they don’t always work.
“Well, nothing works all the time,” you might say — and again, I’ll agree with you.
What if there was a way to boost the effectiveness of tools like RSI, Moving Averages and Stochastic?
There IS a way — and I’m about to show it to you.
RSI, MAs, Stochastic: Together, a Powerhouse
I’m Jeffrey Kennedy, EWI’s Trader’s Classroom editor and the instructor for this on-demand course.
Over my 25+ years of applying Elliott waves and other technical tools to real markets, I’ve picked up a lot of tricks.
I share many of them in this 55-minute on-demand course.
See, there is a bit of a learning curve when you incorporate a new indicator — or a new way to look at a market — into your trading. Seldom does a single indicator work on its own. The markets are just not that blunt. Often there’s an underlying WAY to view an indicator that is VERY powerful. And, often, it’s the combination of more than one indicator that is the most useful of all.
I’ll help you quicken the learning process. In about an hour, I’ll boil my decades of experience down for you and show you:
- What a Moving Average “compression” is — and what it tells you
- How RSI bull market support and bear market resistance alert you to setups
- What an oversold or overbought Stochastic really shows
- How to combine these signals — plus, sprinkle some basic Elliott wave analysis on top — for added significance.
Do that, and the whole becomes greater than the sum of its parts!
Bottom line: You’ll see how great they are, when used properly, at showing you when a big move is right around the corner.
RSI, MAs, Stochastic: Together, a Powerhouse
