Nule Cardwell RSI - Dynamic Range Shift
Cardwell RSI — Quick Use Guide
For your daily swing trading, use the indicator mainly to identify the market's momentum regime and then confirm your price setup.
1. Check the State
* 🔵 RSI > 60 → BULLISH → favour long setups.
* ⚪ RSI 40–60 → LATERAL → wait for clearer direction.
* 🔴 RSI < 40 → BEARISH → avoid fresh longs / be cautious.
2. Watch 40 & 60
* In a bullish phase, 40 acts as support.
* In a bearish phase, 60 acts as resistance.
* A move back through these levels can signal a change in momentum.
3. Use the RSI MA
* Recommended: EMA 9.
* RSI above a rising EMA 9 → improving momentum.
* RSI below a falling EMA 9 → weakening momentum.
* Frequent crossings → likely consolidation.
4. Use Divergences
* Regular divergence → possible trend/momentum reversal.
* Hidden divergence → possible trend continuation.
* Particularly useful for managing an existing swing trade.
* 🔴 Red circle = Regular Bearish Divergence
* 🔵 Blue diamond = Hidden Bullish Divergence
5. Combine it with your price setup
Your workflow should be:
Price trend → Setup → Volume → Cardwell RSI → Entry
For example:
> Stock above 21/50 EMA + bullish price setup + RSI >60 + RSI above rising EMA 9
> = good bullish confirmation
### One-line rule
Above 60 = ride bullish momentum | 40–60 = wait | Below 40 = respect bearish momentum.
The indicator should therefore be treated as a confirmation/filter, not as a standalone buy/sell signal.
For your daily swing trading, use the indicator mainly to identify the market's momentum regime and then confirm your price setup.
1. Check the State
* 🔵 RSI > 60 → BULLISH → favour long setups.
* ⚪ RSI 40–60 → LATERAL → wait for clearer direction.
* 🔴 RSI < 40 → BEARISH → avoid fresh longs / be cautious.
2. Watch 40 & 60
* In a bullish phase, 40 acts as support.
* In a bearish phase, 60 acts as resistance.
* A move back through these levels can signal a change in momentum.
3. Use the RSI MA
* Recommended: EMA 9.
* RSI above a rising EMA 9 → improving momentum.
* RSI below a falling EMA 9 → weakening momentum.
* Frequent crossings → likely consolidation.
4. Use Divergences
* Regular divergence → possible trend/momentum reversal.
* Hidden divergence → possible trend continuation.
* Particularly useful for managing an existing swing trade.
* 🔴 Red circle = Regular Bearish Divergence
* 🔵 Blue diamond = Hidden Bullish Divergence
5. Combine it with your price setup
Your workflow should be:
Price trend → Setup → Volume → Cardwell RSI → Entry
For example:
> Stock above 21/50 EMA + bullish price setup + RSI >60 + RSI above rising EMA 9
> = good bullish confirmation
### One-line rule
Above 60 = ride bullish momentum | 40–60 = wait | Below 40 = respect bearish momentum.
The indicator should therefore be treated as a confirmation/filter, not as a standalone buy/sell signal.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.