RSI Indicator Trading Strategy (Advanced)
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- Опубликовано: 1 июн 2024
- The Relative Strength Index (RSI) is one of the most used indicators across stocks, cryptocurrency, & forex markets. For using it in combination with other indicators, it can be quite useful for a day trader, however, using it on its own is a bit more complex and not generally recommended among professionals.
The overbought & oversold zones on the RSI can be great exit points within trading strategies but as a trader, you shouldn't expect these zones to catch tops and bottoms directly for "sniper entries and exits" as many will claim. Using the 50 level on the RSI is much smarter as it's a way to identify bullish or bearish momentum in any given time frame.
For using the Relative Strength Index to spot divergences, the 70 & 30 overbought & oversold levels can be more useful to find profitable trading setups. Paying attention to the specifics including the settings of the RSI will help you use this trading indicator in the right context & avoid common mistakes when day trading or investing.
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0:00 - 0:58 Common RSI Mistakes
0:58 - 1:53 RSI for Momentum
1:54 - 2:25 Trading RSI Divergences
2:25 - 3:08 How To Use RSI Settings
3:08 - 3:34 RSI Based Moving Average
3:34 - 3:55 Outro
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CFTC Rule 4.41 - Hypothetical or Simulated performance results have certain limitations, unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
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Finally! The voice behind those videos !
The most important thing for people to learn to compound interest is that the compound interest of property is to take a reasonable transaction, and the event compound interest is to do a time to get more benefits. If you have less time to work, you can try event compounding, and then you can try asset compounding, which is very important for modern people.
I love strategy videos! Keep ‘em coming please 🙏🏽
Awesome, that 14 candles rule was completely new to me! Thx!
Wow, that's game changing info. Thank you
I learn more of your videos Rather than hundreds of useless videos watched in the past months. Thank you for the selfless sharing of information.
Thanks for explaining so well! I finally understood!
14 candles that my new information bro ! good job !
Just figured that the 50 is the most important level. Than I came across your video. The market don’t move until it’s crossed. I been using the MACD with the RSI and I been getting better results
This was so helpful! Thank you!
Finally someone explained rsi properly
He didn't. He just misguided u
Nice to see you brother 🤝
wow keep up the great content
thanks for the video, very useful
Very impressive and interested
I used yr one indicator support and resistance with breaks its great. Thank u ❤️❤️
Is there an optimal setting(s) on the Price Action Premium indicator pack that's conducive to divergences? The reversal clouds capture moves further out, once exhaustion is present, but look for something more frequent. Love all 3 premium indicators. Thanks
It is helpfull for sure.
Thanks❤.
Wow great video
Great video thanks
TQ for this information bro
FINALLY....SOMEBODY GETS THIS SHIT! The RSI is my main indicator, if not my only indicator, and it works wonders. People need to start experimenting with different values with this wonderful indicator.
and how it in long term? what your win rate?
Momentum is key to using RSI👍🏽👍🏽👍🏽
Very cool!
Good job 👍
Thanks man!
Love RSI!
खुप छान माहिती दिली भाऊ🙏🏿
He does not speak hindi.
Wow 럭스알고님을 다 보네요. 멋진 팁입니다. 당신이 잘 사용하고 있습니다. 감사합니다.
For the RSi divergences for BTC what do you recommend settings?
Perfect
Been using basically the same strategy but added a fake out level with it. Its unstoppable!
and how it in long term? what your win rate?
Nice but what time frame should i pick ?!
hi nice sir, which one is your non repaint tradingview indicator free and paid using which we can trade in mt4 forex trades for one minute timeframe scalping?
I use 50 at all levels with Rsi bars indicator.
Thanks to secret minset video.
With the lux algo is the rsi double the value of the normal rsi?
I did not understand a part of divergence. For you... Is it a ''correct divergence'' if it is inside or outside the 14 periods?
RSI is my favourite
Subscribed 👍
Very good
I like 👍it this startergy
Cheers, so if RSI is on the overbought zone and crosses RSI Based Moving average, is it a sell signal?
Namste bro 🙏 love you from india 🥰
Love from Bangladesh
Awesome
Thanks! :)
is it possible the lux algo indicator select zones divergence?
Please provide a detailed vedio on RSI
Can it work any time frame or for certain time frame?
which timeframe you use all of this startegies?
I am from Nigeria. And i follow you. You make good videos sir. I want to buy a prop firm challenge and have funded next is my mind. Can you tell me if they are good?
What is the best RSI settings for 5mins, 15 mins and 30mins timeframe?
You find out yet
nice bro (:
I think you where send by God...
Thanks very much
🙏🙏🙏🙏 iam from India
how do i draw the 50 level is there is any tool ,if some one is got it please let me
Which is the Ema level 5 ,10,20,
Moving average number??
Sir ur supprt and resistance with breaks indicator not perfectly apply on live market charts
How sir
rsi 7 to 21 gives many false signals too with 50ema cross up down sir
I am tradfing indian market bro please say me indicator
Vielen Dank für diese Strategie. Aber ich kann den blauen Chart am Handy nicht gut erkennen. Gelb wäre gut. Thanks a lot
I like this channel... subscribe!!...
@𝐖𝐡𝐚𝐭𝐬𝐚𝐩𝐩±𝟏𝟑𝟎𝟑𝟗𝟒𝟑𝟐𝟔𝟐𝟏 I see you... I know where you are now.... Hehehehehe... run and hide yourself... as long as you can run and hide... hehehehehe💀💀
Great video!!! Just sent an email about a collaboration.
Hello 👋
Is it possible to add translation to Arabic?
Hi bro i am indian
You're McDonald's pattern not working well please check it once.
20 30mins late signals it giving
1st!
First
👑👑👑
❌❌❌ NUL !
Spamer in the comment box
Just gove your voice
Most of the youtuber is cheater. You r one of them. You are just confusing the trader.
Literally more than half of those settings don't even exist for those indicators on luxalgo / trading view. The RSI has no where near that many options
This is just a general educational video on the RSI indicator 👍
@@LuxAlgo No, it's showcasing various strategies and showing features and options that aren't available. The RSI does not have these options for MA
@@user-be1it9zi8v This is the built-in RSI on TradingView 😄
Wow great video