What are your preferred ways of using RSI?

Trading Discussion
1

Hi All,

My name is Tony - I’ve been a keen observer of the markets for some time but now would like to take my education to the next level. I’ve been using YouTube just to capture my understanding of things (you only truly understand it if you can explain it, am I right?), so I’ve created a series recently with lots in the pipeline I’m looking to expand.

While I know how I like to use the RSI in combination with Price Action to seek out Divergence and Confluence, I’d like to know how many of you use the RSI? If so, how? To identify signals, or entries? Is there anywhere that you find the RSI let’s you down and you like to use a different Momentum Oscillator, like MACD?

Would love to know everyone’s thoughts.

Big Love,

T

2

I use both RSI setting 10, and MACD setting 3 - 10 -16.

I just enter a 50 line on RSI. Above is buy momentum trend and below is sell momentum trend. The MACD histogram bars on my setting is entry and exit momentum trend. The larger the bars the higher the momentum and vice versa.