Is RSI a momentum indicator?.. replies please
Never mind!! This thread has turned into another Babble Fest…
RSI is kind of a momentum indicator and it’s
Prob better used as that than as an overbought/oversold indicator. I would say most times the RSI goes into the red, you’ll get a small reversal, but the major trend is usually strong and will stay pushing in that direction. Have a look at Lloyds monthly RSI in 2007 - stayed oversold for about a year, during which just kept on crashing!! If you’d used RSI back then to go long you’d have lost big.
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Not actually, RSI tells the strory of overall sutuation of market, either it’s overbought or oversold!!
Blue is righ rsi mostly goes into the red especially with stocks mostly buys only with this indicator
I agree with you. But just cos a market is overbought/sold doesn’t mean it won’t stay like that for a long time.- tiny little reversal will flick the RSI out of the red, then it’ll have the space it needs to go straight back into it.
RSI is such an important trading tool; besides I see the default sittings is quite enough; although few traders are comfortable with higher time frames!
This is a valid point about RSI indicating momentum. The same is true for stochastic oscillator, which is clearly a momentum indicator. Both move into extreme high or low ranges when price continues to trend upwards or downwards and both stay there for extended periods.
A high RSI score is not a sell signal.
Yes rsi is a momentum indicator - so good to think about momentum and price.
Divergence between a single instrument’s price and an associated momentum indicator can be a useful tool when combined with market analysis.
Most recent example was the turnaround on the S&P yesterday - the entire week’s losses were regained in a session - sure there were fundamentals at play (for a different thread) but have a look at RSI on the US 2000 this past 2 days - see how price was downward but momentum diverged.
(Reason for using the 2000 is that it is a real-world indicator of investor risk appetite in stocks)
Then see how the S&P performed.
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I know how to clearly do that bruh… But all traders use 1or 2 indicator on their chart, no trader trades pure price action 
% atleast there’s a moving average on their charts to smooth price action and which is also an indicator.
My friend when I trade I have Zero indicator on my chart. This is my current trade on Bitcoin 15mins. Check your chart to confirm
Its chill, do your thing bruh…buh noin is in trading, erryone sees the market differently its all bout having what works for u bruh…