Screeners and Charts Setup for RSI-RSI Stochastic Traders

how to trade with stochastic RSI

The following article contains screeners and chart setups for trading with RSI and Stochastic RSI.

ASSSUMPTION: You know RSI and have viewed the Stochastic RSI and RSI-Stochastic RSI Screeners videos.

If not, please visit my YouTube Page and view them before reading this article:

Here’s how you set up screeners and trade after checking the videos (You can view the videos which coach you how to set up Fibonacci retracement and other tools)

WHAT SCREENER TO USE:

For India: Use Chartink or Trendlyne screeners

International: Use TradingView or per your choice

TRADING TOOLS CHECKLIST

  • 10 EMA

  • VWAP

  • Fibonacci Retracements

  • RSI and Stochastic RSI

  • Day Charts

  • Check RSI Divergence on Day charts (AS PER VIDEO)

SCREENER 1 (BULLISH)

Bullish Chart setup for RSI-Stochastic RSI

1.%K crosses above %D

and

2. RSI greater than 50

Periods to check: Month, Week, Day

Divergence to check: Day Charts

Entry:

Month Crossover – Short to medium term trade If RSI above 60 or buy OTM CE;

Week/Day Crossover – Short to medium term trade If RSI above 60

SCREENER 2 (BULLISH)

1.%K crosses above %D

and

2. RSI crosses above 55

Periods to check: Month, Week, Day

Divergence to check: Day Charts

Entry:

Month Crossover – Short to medium term trade If RSI above 60 or buy OTM CE;

Week/Day Crossover – Short to medium term trade If RSI above 60

SCREENER 3 (BEARISH)

Bearish screener for rsi and stochastic rsi

1.%K crosses below %D

and

2. RSI crosses below 50 (BULLISH)

Periods to check: Month, Week, Day

Divergence to check: Day Charts

Entry:

Month/Week/Day Crossover – Intraday trade or buy OTM PE if reasonably priced

SCREENER 4 (BEARISH-OVERBOUGHT)

Overbought screener for RSI and Stochastic RSI

1. Stochastic RSI greater than 95

and

RSI above 70

Periods to check: Month, Week, Day

Divergence to check: Day Charts

Entry:

Intraday trade

SCREENER 5 (BULLISH-OVERSOLD)

Oversold screener for RSI and Stochastic RSI

1. Stochastic RSI less than 5

and

RSI below 30

Periods to check: Month, Week, Day

Divergence to check: Day Charts

Entry:

Intraday trade

So this is it. If you have not viewed the videos yet and want to enrich your knowledge and learn how to trade, do head over to my YouTube Channel and subscribe. I’ll be posting tutorials regularly. Thanks.

 

 

 

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