JayJones
Banned Spammer
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RSI for sure. But this on its own will not provide a trading strategy.Which is the best indicator to determine oversold and overbought levels.
RSI for sure. But this on its own will not provide a trading strategy.Which is the best indicator to determine oversold and overbought levels.
RSI use is not limited to primitive rules like 30 and 70 levels. There are also RSI divergence & convergence with price (indicator of reversal) as well as strategies which are based on interplay of short and long RSIs (similar to MACD technique), btw it's my favourite tool.RSI for sure. But this on its own will not provide a trading strategy.
Yes I do often look for divergence as another confirmation.RSI use is not limited to primitive rules like 30 and 70 levels. There are also RSI divergence & convergence with price (indicator of reversal) as well as strategies which are based on interplay of short and long RSIs (similar to MACD technique).
No, definitely not, I just use it as one of my conditions.RSI and sto are my go to mate But obviously you should never use just one indicator to trade
Do you do well on 1m I always thought it a bit low?No, definitely not, I just use it as one of my conditions.
I have had fun scalping with it on the minute charts before though.
RSI is probably one of the most usedWhich is the best indicator to determine oversold and overbought level