Overbought or Oversold

bigdolly

2nd Lieutenant
Messages
1,201
What settings does everybody use on their RSI indicator? 70/30 or 80/20 or something else?
Well basically there is a tradeoff between rate of occurrence (of overbought and oversold states) and quality of the signal. For example 70/30 would naturally appear more frequently but you may get higher number of false signals. 80/20 or even extreme 90/10 works pretty good but they are rare especially on higher timeframes so you kind of lose in waiting time.
 

fxoday

Recruit
Messages
625
I see many traders prefer to use RSI, if all trader in the world using RSI and open the same position, I don't know, maybe can moving the price, just like gamstocks stock that rising price because wallstreetbeats community
 
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