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 Wilders RSI
An alternative take on Wilder's Relative
Strength Indicator is based on the
observation that during orderly UP
trending markets, RSI values tend to stay
above 50. Similarly, during DOWN trends,
RSI values tend to remain below 50
regardless of the RSI lookback length (13
and above). Consider the RSI line crossing
50 either on the way up or on the way down
a signal that it's time to be on the alert
for a trend change. GRAFster v6½
draws a RSI scale line at the 50 level in
addition to the usual scale lines at the
25 and 75 levels to help you with this
observation. Why not keep it simple?
 Lanes Stochastics
During
strong
trending
markets,
momentum
oscillators
often
stay
in
an
overbought
or
oversold
zone
for
the
duration
of
the
trend,
which
could
be
quite
some
time,
thereby
rendering
the
usual
interpretations
useless.
In
these
situations,
consider
treating crossovers of the %K and %D lines
within the overbought and oversold zones
as signals confirming a new leg of the
move in the direction of the current
trend. This chart image is an example of
crossovers in an overbought zone during a
strong trending move. Here the stochastic
oscillator lookback period uses a value of
45. Note both lines have stayed above 80
all the way up.
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