Understanding the RSI indicator and trading strategies based on it : The best explanation ever !

Understanding the RSI indicator and trading strategies based on it: The best explanation ever !
#RSI #Askdefinedge #trading #Rzone #Tradepoint #definedgesecurities

Dear viewers, we are pleased to present you with another exciting video by Prashant Shah. There was a question on #askdefinedge regarding trading strategies using the RSI indicator. After watching this video, you will not require any further explanation of RSI. You will gain a new perspective on designing trading strategies using RSI or any other indicator.

Key Takeaways from this video -

0:00 - What exactly is RSI and the logic behind it?
1:21 - The concept of RSI?
3:07 - A Practical example.
7:50 - The concept of overbought, oversold, bearish & bullish RSI
11:48 - Positive and Negative crossover
12:19 - Strategies using RSI
19:05 - Various Types of RSI indicators
21:41 - Advantages of Noiseless RSI
22:20 - Back Testing RSI on RZONE and Advantages after calculating - Success ratio, Risk Reward, Expectancy, Average Return per trade etc.

----------------------------------
----------------------------------
----------------------------------
More Videos on RSI by Prashant Shah -

RSI Indicator को देखने का एक नया तरीका | Noiseless RSI | Definedge | Prashant Shah

RSI & Price मे Divergence का मतलब क्या होता है. अपने Indicator को ठीक से जानना जरुरी है|
----------------------------------
You can check out more videos by Prashant Shah – You, Me & Relative Strength - A session by Prashant Shah in #DECMA22 | Definedge |

Learn Trading with Renko charts (Hindi) | Definedge | Noiseless Charts


----------------------------------
To learn more about #RSI and similar concepts you can attend Market Pathshala and Traders Nest programs which are conducted by our team regularly.

THURSDAY, 13 APRIL 2023, 4:30 pm - 5:30 pm
The week that was & the possibilities - Online, Free

SATURDAY, 15 APRIL 2023, 10:00 am - 5:00 pm
Options- The long and short of it - Online, Paid

SATURDAY, 22 APRIL 2023, 10:00 am - 5:00 pm
Definedge Online Market पाठशाला - Online, Paid

SATURDAY, 22 APRIL 2023, 2:30 pm - 5:30 pm
MANTHAN Traders’ Meet 2023 - Online, Paid

MONDAY, 8 MAY 2023, 9:00 am - 4:00 pm
Online Traders NEST 2023 - Online, Paid

----------------------------------
The Definedge Universe

Definedge is primarily a product, research, and education company that also offers stock broking. All Definedge tools are now available to you for FREE on all market segments like NSE, F&O, BSE, MCX, and CDS in real-time A few years ago, we conceived an idea of demystifying and simplifying trading and investing with our innovative tools and techniques. Now it is our intention to bridge the gap between analysis and trading platforms. We are on a mission to educate and build innovative & useful tools for our subscribers and empower them to take better decisions. We are always exploring ways and means to provide them more. We are driven by our willingness to contribute to the community

Our Social -
----------------------------------

Disclaimer: -
● Futures, stocks & options trading involves substantial risk of loss & is not suitable for every investor
● Past results are no indication of future performance
● All trading strategies are used at your own risk
● None of the content shown here constitutes a recommendation
● Please do your due diligence before taking any trade

#RSI #Askdefinedge #trading #Rzone #tradepoint

[cyberspider]

+ve and -ve divergence are different than what is explained at 16:50. At 16:50 - it is bullish and bearish divergence. Divergence is due to change of momentum and not only change in price. But, calculation explanation is best I came across.

[rushikeshmane]

It is great approach that trader should think on their own

[fenillotiya]

Really great knowledge sharing from Prashant sir
Thank you so much for sharing knowledge

[RakeshKumar-zcuq]

Great Learning. Excellent explanation. Shown a new path towards success . Fan of yours sir.

[jayjadwani]

Perfectly explained, now understand RSI properly, thanks

[rushikeshmane]

Sir you are sharing precious knowledge for free

[jatinrathod]

Jabarjast knowledge gained in all videos..all time favourite.. thanks sir

[amin]

super hit sirji.
thanks for sharing your valueable knowledge with us
will try to read bar chart without RSI
thanks again 🙏🙏

[Nishul]

Youtube par First Time itna deft knowledge ko suna h, grate work sir 🎉

[rajuchikhale]

Awesome Prashant Very detailed session on RSI🙏🙏

[sallianz]

simply superb. Thanks for making it so simple. This is a very under-rated channel.

[bixin]

Sir, my gratitude to you for all you have done, which I will never forget. I truly appreciate you. I enjoyed every minute of your vdo lecture. You made this easy to understand

[pankajsabhaya]

This is clearly pro content and we are getting it for free. Thanks.

[sbhagtani]

Jump or fall in RSI by 7-8 pts in a day .how to run this query in trade point? Can you help in making this query? Finding Jump in RSI or fall in RSI in normal chart is equivalent to finding anchor column in PF chart.

[girishjadhav]

Really love the way you explained RSI.. THANKS SIR

[hdvvaishnav]

thank you sir, hoping next video on price n volume.

[prashantjv]

Though late to see this video but as usual best video & someday i wish to learn from you from zero....thanks again for such videos

[ganesh]

Prashant sir please explain in this concept in English too. thank you

[bixin]

Want 2 join Definedge platform but bit scared due to its price tag

[virenshah]

Kindly give strategy on Rsi plotting on Renko charts