Why You Are Using The RSI WRONG

You are probably using the RSI wrong. Here's why...

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[sureshbalaji]

After 3 years of trading. My chart is indicator free and I'm doing good with taking very less trades and at strong support and resistance. That's all.

[Ascendtch]

Divergences are very powerful and rewarding if you can catch them and act on it 🙏🏼🙏🏼

[calmnarrative]

There are many ways to use the RSI.

In a strong uptrend, when the RSI comes back to the 40 level, that indicates a good pullback has occurred and price might continue again on the upside, so look for buy opportunities.

Similarly, In a strong downtrend, when the RSI goes up to the 60 level, that indicates a good pullback has occurred and price might continue again on the downside, so look for sell opportunities.

[HIT]

depends on how you use rsi. it works very well in scalping. if rsi starts moving above 70..then 70 percent of the time it is atleast 30 to 40 pips move in buy direction and if rsi goes below 30 then a 30 to 40 pips move in that direction. also on a smaller time frames if rsi is touching 70 then most it is an up trend...offcourse there are other things to take into account if it is uptrend, resistance broken etc etc

[oscarwalle]

I use this with the stochastic oscillator and you'll be able to see the pattern. I trade on 15, 30, 1hr markets

[twezotoons]

to everybody in these comments, STOP TRYING TO CATCH REVERSALS and instead try and find continuation in the market. you will thank me later

[charleseth-trhv]

I feel like you have to use it both ways depending on what your looking for, the overbought and oversold levels are good if your scalping on smaller time frames and looking for reversals. And divergences are good for long term trends

[sinan_islam]

the RSI is a momentum indicator. it depends on speed of change. thus, the RSI will always show divergence because typically the first move is faster than its subsequent moves.

[Lekhraj]

This is not enough we have to use price action with RSI to become profitable. Whenever there is strong support or resistance Zone RSI will start showing divergences. Two types of Divergence one is for trend continuation and other for trend reversal.

[jonathansummerville]

And Divergences are not definitive either. Both conditions can be burned off as well. Use multi indicator approach. Entry, 1st confirmation, trend, 2nd confirmation, atr, stop-loss take profits

[JD-qrcb]

There is no a single indicator that will work perfect all the time + there are many different ways to use the RSI and all of them are valid, just don’t do a trade only because an indicator says it unless you got a strategy That is tested hundreds of times.

[TheMasterfulPo]

Its a good indicator. But just a indicator. There is many to use and shouldn’t only buy or sell of a single indicator

[Ragner-qoum]

Even divergences dose not work all the time

[Officialesteban]

thats also why you dont put all money at once little by little and build up so when it hits 70 you most likely will make profit!

[Manmachinemountains]

I only track volume support & resistance & never go against the trend

[seanspartan]

I use the Stochastic RSI that way. The RSI is better at showing divergence.

[mohamadtakal]

Use rsi with period 34 and only add 50 level, and awesome indicators with level 0, the setup for buy is when rsi indicator cross the 50 level you to above ..you stanby to entry buy... confirmation entry if awesome indicator also turn to above from 0 line you entry.. same procedure if sell setup. Its can be use on any timeframe. Any pair or crypto. depends on what type of trader you are., my advice try with broker that offer low spread..try it and backtaste on demo account or cent account....this strategy i called it momentum strategy, Comment below if it's give you good profits...and don't forget to put stop loss, take profit depending on your choices... thanks

[gagankumar]

Use rsi divergence + fibonacci 0.382/0.618

[diwjgoe]

Thanks dude I really found this helpful keep up the good work

[SovannT]

bro nothing "works all the time"