I think the RSI indicator is the best indicator because there are many time i got good profit by using this indicator and i found when i follow 1 hour time frame then i got 10 pips profit and when I follow 4 hour time frame chart then i got 15 to 20 pips easily by using RSI(20 to 80 range) indicator that’s why I like to use this.
So please share with me that i am right or wrong.
Hi Peter
I Also use Rsi. Is a great indicador. I use it with key support and resistant levels. Rsi works better when the price is consolidating in a range. When the price is in a trend (downtrend for example) if the price makes lower lows, but Rsi makes higher lows, that is a signal for a reversal (buy signal).
I think any indicator needs to be coupled with price action to pull the trigger. RSI alone will not provide an edge for you.
there is no such thing as the best indicator…
indicators are only there to help you trade to indicate/guide you
just indicator themselves serve no value
you have to combine everything to fit the big picture
rsi will be overbrought for long periods of time in an uptrend does that mean sell?
NO! therefore they are worthless by themselves
you first have to identify what situations to buy or sell using ur indicator
sure it could be profitable but dont just trust 1 indicator …oscillators are known for giving false signals…
so its up to u to filter all the good and bad signals
Hello please why use 20, 80 instead of 30, 70🙏