How to use the RSI to Find Entry Points in Olymp Trade

Visit Website.
New to Olymp Trade?
Important!
Review
REGISTER
1 Best Brokers in 2019
  • Earn up to $1,000 daily
  • Register on the platform
Earn real money with your phone.

RSI, also known as relative strength indicator is a technical analysis tool in Olymp Trade.

It falls under oscillators.

Visit Website.
New to Olymp Trade?
Important!
Review
REGISTER
1 Best Brokers in 2019
  • Earn up to $1,000 daily
  • Register on the platform
Earn real money with your phone.

Unlike moving averages which simplify price data to show trends;

RSI’ strength is in showing trade reversal and entry points.

Apply this indicator in your chart and you will notice two lines running parallel like in the image below.

Visit Website.
New to Olymp Trade?
Important!
Review
REGISTER
1 Best Brokers in 2019
  • Earn up to $1,000 daily
  • Register on the platform
Earn real money with your phone.

Oscillators - RSI Olymp Trade

These two lines can either intersect upwards or downwards.

When you notice such intersections, consider them a signal to open a trade in the trending direction.

How to set the RSI Indicator in Olymp Trade.

Step 1.

Login to your Olymp Trade account.

Or register here if you don’t already have one.

Step 2.

Find the indicator button on top of your chart.

Where to find indicators in Olymp Trade

Step 3.

Scroll down to RSI and click on it.

RSI indicator

Now scroll down your trading interface to see your RSI indicator.

This is how it looks.

RSI in Olymp Trade

Note – if you edit the indicator by reducing the RSI period, you will receive more signals to open a trade. However, most of the signals will be less accurate.

On the other hand, you can increase the periods of the indicator. Now doing this will give you fewer signals but they will be more accurate.

How to Read the RSI Indicator to Open Winning Trades. 

When using any oscillator, always trade in the direction of the trend.

You can pick your direction by analyzing the direction of the chart and comparing it to the RSI.

Now, if the RSI does not coincide with the price in your chart, know that the trend may soon reverse and it is not safe to open a trade.

Olymp Trade RSI

If the two directions sync though, open a trade in the direction shown.

Overbought & Oversold Assets as seen in RSI.

Though not so often, you will sometimes notice the RSI line rise above level 70.

Do you know what this means?

It implies that the asset which you are trading is overbought.

Other times you will see it fall below level 30 to imply that the asset which you are trading is oversold.

Overbought Assets.

When an asset is overbought its value grows quickly.

And this only means one thing,

The price soon reacts by going back down.

Overbought assets in RSI

Oversold Assets.

On the same breath, you will notice oversold assets when the price falls fast then stops.

When an asset is oversold, you can expect to see it rise again in no time.

Look out for the RSI crossing the level 30 line upwards. When it does, consider it your entry signal to open a UP trade.

RSI in Olymp Trade

Click here to download my Free Trading eBook for an explanation of more indicators like this.

Happy Trading.

The one on one guide of options trading


*Risk warning:

The information provided does not constitute a recommendation to carry out transactions. When using this information, you are solely responsible for your decisions and assume all risks associated with the financial result of such transactions.
 

Start Trading 

Related Posts


Why I Prefer Olymp Trade

5 Reasons Why I Prefer Trading With Olymp Trade

Here are five good reasons why you should create an account in Olymp Trade. The best broker in the industry Trusted by Millions of traders.  High profitability Low minimum deposit Free Demo Account – Register ....

11 Best Currency Pairs to Trade in Olymp Trade.

11 Best Currency Pairs to Trade in Olymp Trade.

Olymp Trade is a Forex and Fixed Time Trading broker which offers traders so many assets to trade, among them currency pairs. But, do all currency pairs really perform the same? There must be some ....

What is the Quickest Way to Make Money Trading?

What is the Quickest Way to Make Money Trading?

Do you intend to venture into online trading? Then chances are, after some time you will also be looking for some quick ways to make money trading. If you are already trading, you might as ....

WebMoney to Olymp Trade

How to Use WebMoney to Fund Olymp Trade Account.

What is WebMoney? WebMoney is an online electronic mode of payment recognized worldwide. Most firms and brokers support WebMoney deposits and Olymp Trade. is no exception. It is quite simple to acquire and fund a ....

Perfect money ID for Olymp Trade

How to Deposit to Olymp Trade With Perfect Money

What is Perfect Money? Perfect Money is a leading financial service allowing users to make instant payments and to make money transfers securely throughout the Internet opening unique opportunities to Internet users and owners of ....

New Forex Traders Fail

7 Reasons Why Most New Forex Traders Fail.

Read that title again, did we just say that most New Forex traders fail to become profitable traders? Well, yes, that’s sadly true. Most new forex traders fail and even blow their first trading accounts. ....

Password in Olymp Trade

How to Recover a Lost Password in Olymp Trade

Looking for the easiest and quickest way to recover your password in Olymp Trade? Well, you are in luck because in this post we will discuss just that. But before we proceed, let’s first learn ....

Momentum Oscillators

Olymp Trade Vs IQ Option | Which Broker is Best?

Do you want to start trading options online? Have you created an account with any broker yet? If you haven’t, chances are it’s because you have read lots of online reviews and are now confused ....

How to recognize trend in Olymp Trade

How to Recognize a Trend in Olymp Trade

If you are a trader in Olymp Trade then you will attest to this truth; catching a trend is the best thing that has happened to the world since sliced bread. With a steady trend ....

Candlestick trading

6 Bullish Candlestick Patterns to Look Out for While Trading

Previously on our candlestick lessons, we listed some patterns which may be formed by individual candlesticks on daily charts. We put names on these candlestick patterns beginning with: –  Hammer candlesticks. Then shooting-star Candlesticks. Bullish ....

Olymp Trade Assets and what they mean

List of Olymp Trade Assets and What Each Pair Stands For

Currency pairs. AUD/CAD. The Australian Dollar against the Canadian Dollar. AUD/CHF. The Australian Dollar against the Swiss Franc. AUD/JPY. The Australian Dollar against the Japanese Yen. AUD/NZD. The Australian Dollar against the New Zealand Dollar. ....

Best Olymp Trade Indicators

10 Best Indicators For Day Trading in Olymp Trade

Are you struggling to make profits in Olymp Trade? Have you considered using trading indicators to pick trading directions and to possibly increase your chances of winning? Well, if you haven’t then try making trend ....

How Forex Trading Works - How does Forex Trading Work

How Does Forex Work? Learn The Ropes in 4 Minutes

Are you making money trading Forex? You do? Oh, Tell us about it. Apparently, not everyone who say they know how Forex works have the slightest idea about Foreign Exchange, Forex – FX.  Some of ....

RSI trend indicators

How to use the RSI to Find Entry Points in Olymp Trade

RSI, also known as relative strength indicator is a technical analysis tool in Olymp Trade. It falls under oscillators. Unlike moving averages which simplify price data to show trends; RSI’ strength is in showing trade ....

Kenn Omollo GIF

How to Trade Like a Boss & Win Most of Your Orders

“Confidence is not “I will profit on this trade.” Confidence is “I will be fine if I don’t profit from this trade.”  ― Yvan Byeajee. When I started promoting my eBook for online pre-order purchase, I ....

Fixes for Olymp Trade Visa Deposit Errors

Fixes For Olymp Trade Visa Deposit Error(s)

Last updated on 3/18/2019 – Personally I use the KCB (Quick serve) VISA Card to make Olymp Trade deposits. If you have the card make sure it is enabled for SMS such that when you ....

Language In Olymp Trade

How to Change Your Preferred Language In Olymp Trade

Hello, Where are you making money with Olymp Trade from? Indonesia, India, Malaysia, Spain, Turkey, Vietnam, Portugal, Japan or Kenya? Have you ever wanted to execute your Olymp Trade forecasts in a Language that you ....

Olymp Trade Nigeria Seminars

Olymp Trade Nigeria | How to Get Started

What’s the simplest way to make money online in Nigeria? Is it through publishing & selling books online; Is it by selling designs & creatives online or is it by selling products on e-commerce websites? ....

Winning Constantly With Olymp Trade

A Cheat Sheet to Winning Consistently in Olymp Trade

There is a lot of money flowing free in Olymp Trade, Expert Option & Binomo. So much money that you wouldn’t expect anyone to be saying — they don’t have a job & money. But how comes Kenyan & Nigerian traders ....

Read More
 

Tagged With :

Comment on this post