You Are Using The Rsi Indicator Wrong Rsi Trading Strategy Secrets Many new traders use the relative strength index (rsi) to determine overbought or oversold levels. this is wrong as rsi is a momentum indicator. in fact, usi. You're probably using the rsi wrong in this video, i explain how to use it correctly and the best optimal settings for it! enjoy!if you learned something n.
You Are Using The Rsi Indicator Wrong Rsi Trading Strategy Secrets In this video, we'll take a deep dive into the rsi (relative strength index) indicator and show you how to use it like a pro. if you're struggling with the r. You are using rsi wrong. overbought and oversold is myth. michael nauss cmt. mar 16, 2023. we have all fallen into the trap as young traders. we hear about a stock that is oversold so we think now is the time to buy. confirmation bias kicks in when we look back on our charts to see all the times that this would be the low of the stock and now. You are probably using rsi indicator the wrong way warrior trading. the rsi indicator is a widely popular tool used for traders looking for reversals and trend direction, but are they using it correctly?. I'm mainly a dip buyer, so i look for stocks with a 5 min & daily rsi under 45 with strong relative volume and then scan for 1 min and 5 min highs, trying to catch the red reversal as soon as it starts, and exiting once the rsi starts getting close to around 70, and then potentially evaluating a re entry once the 5 min rsi pulls back if the.
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