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.
Andrew Cardwell – Basic RSI Course
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

Bullish
Bearish

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

V. Oversold / Overbought

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