Why You Are Using The RSI Indicator WRONG #shorts

RSI (Relative Strength Index) is one of the most downloaded indicators on TradingView. It is commonly used to see if a market is overbought or oversold, but today, I tell you why that's the incorrect way to use it. Enjoy! #shorts

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[zootshil]

this short video is better than the thousands of rsi videos out there

[akosifranz]

Yes that was what i figured out when i was starting out too..kept loosing money because ive been using rsi only for reversals..then i learned how to use rsi divergence with trend line continuation and elliot wave patterns and ofcourse fib retracements..now im keeping my charts clean with only those and it had been working out well..i have lost a total of $1500 out of 3k investment from late 2019 so i stopped trading for a bit and tried to learn whatever tips and tricks i can find.. the remaining balance of $1500 i used it and started trading again january 2022..im now back to 3k in almost 3months ☺️☺️☺️i hope everything goes well for you guys too!

[Alterizee]

just read price action ... you'll see momentum before any lagging indicator

[robinparadise]

I just use rsi, divergence and moving average 🤘🧑‍🎤. I need to learn a lot, but so far is working by far

[tristanthemighty]

This is the best trading tip and trick channel out there, always short and to the point, thanks bro

[MercAlot]

You can use RSI for overbought and oversold, but you must have multiple confluences along with HTF confluence.

[Decovi]

Good tip! Glad to see a short not promising any BS miracle indicator use. This is actually good.

[BFPro]

EMA 7, 25 & 99 are probably the most reliable for up and downtrends

[cuchulainn]

The RSI overbought and oversold indicators are really areas where areas are and you should check the amount of volume in the market to see if there's enough to break through.
As for the 'over/under' the 50 mark, this isn't really good either because the market can easily change direction and that above the 50 can quickly become a below the 50.
RSI REALLY only works on the higher time frames.

[luisf.]

Just use indicators as a help or dont even use. Read price action. If market goes up go long in a pullback with stoploss under the pullback. Down the same. Work mit fibonacci and elliotwaves.

[B.o.o.L]

This type of method feels like it would take too long to even calculate before it makes a move that will make you have to recalculate

[das.abhisek]

But i use Rsi
60
40

Rsi between 60 40 sideways

Rsi 40 80 uptrend
Rsi 60 80 strong uptrend

Rsi 60 20 downtrend
Rsi 40 20 strong downtrend

[TomClarke]

Extended downtrends should tell you that a stock can be “oversold” for long periods of time.

[tangweichau]

Use RSI, BOLL indicators, MACD. With 2 hour and 4 hour Time frame . Works fine

[adiyatmarasendriya]

Is it good using Bollinger Bands and CCI ?

[clintedwards]

Sooo you can use it vice versa ?for a bit position

[jnvcI]

should be an area around 40-60 not an exact single line at 50

[silasbobbycarter]

What are the other indicators to use with it

[surajchhetri]

Does rsi works well in ranging market ? Have you back tested it ?

[calmnarrative]

I have never used rsi as over bought and over sold.