How to use the RSI swing indicator and have more trades correct
The RSI or else known as the Relative Strength Index indicator is one the most commonly used technical indicator when it comes to swing trading.
The RSI swing indicator is a free tool her on tradingview and very helpful to know when overbought and oversold
- the green sign is overbought and tell me to sell
- the red sign is oversold and tell me to buy
Standart the numbers are 70 and 30 in the settings of this indicator, but i change them to 80 and 20 to have less trades but more corect trades!
I Use this indicator only on 1 hour and 4 hour timeframe
The indicater give you a sign when its oversold and ready to buy and when its overbought and ready to sell
I prefer to use this indicater together with fundamental analyses and give me more then 90% correct trades!
Hope you like this indicator and its free!
Good luck
The RSI swing indicator is a free tool her on tradingview and very helpful to know when overbought and oversold
- the green sign is overbought and tell me to sell
- the red sign is oversold and tell me to buy
Standart the numbers are 70 and 30 in the settings of this indicator, but i change them to 80 and 20 to have less trades but more corect trades!
I Use this indicator only on 1 hour and 4 hour timeframe
The indicater give you a sign when its oversold and ready to buy and when its overbought and ready to sell
I prefer to use this indicater together with fundamental analyses and give me more then 90% correct trades!
Hope you like this indicator and its free!
Good luck
the green sign is oversold and tell me to buy
the red sign is overbought and tell me to sell