Best RSI Indicator Strategy for Day trading Forex (RSI Indicator Explained)

Ойын-сауық

As traders, it is very important that we can identify key levels on the market, where prices are more likely to switch directions,
these key levels can be detected if we know when the market is at a relatively high or low price, and the RSI does a very good job of doing that
and ,in this video, I'm revealing the best strategies that we can use with the RSI indicator
CSRS on tradingview -
www.tradingview.com/script/65...
Indicator settings as seen on video:
Go to indicator settings
Inputs
change "1st Pivot of Bearish Div" value to 60
change "1st Pivot of Bullish Div" value to 40
change "look back length" value to 100
change chart type from "candles" to "lines"
change all colors to white
📈 Download the Excel Sheet i used for backtesting -
www.mediafire.com/file/ia9n75...
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Ignore tags:
data trader,day trading,day trading strategies,stock trading,trading,forex trading strategy,swing trading strategy,day trading strategy,rsi indicator,rsi trading strategy,rsi trading,rsi indicator strategy,how to trade rsi divergence,how to trade rsi indicator,rsi explained trading,stochastic rsi,how to trade rsi hidden divergence,rsi indicator tutorial,how to use rsi properly,how to use rsi in tradingview,rsi strategy,stocks,forex,rsi daytrading

Пікірлер: 133

  • @jashenmey
    @jashenmey3 жыл бұрын

    This video is so underrated! Thanks for the great explanations!

  • @vanisleflyingcorgi7916
    @vanisleflyingcorgi79162 жыл бұрын

    These videos are so helpful and just the best explanations. No BS, just straight to the knowledge.

  • @kolafola7493
    @kolafola74934 ай бұрын

    your explanation is so easy. Thanks so much

  • @davidchan1922
    @davidchan19222 жыл бұрын

    amazing content dude... clear, concise and useful... keep uo the good work!

  • @faycelrahim3597
    @faycelrahim35972 жыл бұрын

    short and simple straight to the point and i understand everything

  • @GamingClans
    @GamingClans3 жыл бұрын

    This is the best video ,it is precise and very informative ,thanks my man

  • @mr_harshu.0498
    @mr_harshu.04983 жыл бұрын

    I am from India, Your Every video is very helpful for me you can show all possible levels thankyou

  • @rita_machadosilva
    @rita_machadosilva3 жыл бұрын

    These strategies are awesome man!!!! Gratitude!!

  • @mohamedelsayed7703
    @mohamedelsayed7703 Жыл бұрын

    ONE OF BEST BEST CHANNELS I SEE IN MY LIFE THANK U SO MUCH

  • @iamsanamthapa2005
    @iamsanamthapa20053 жыл бұрын

    I love your video so much first time i am understanding RSI indicators many trader only say divergence and higher high and lower high . I can't understanding exact thank so much your video .

  • @navormontoya6027
    @navormontoya60273 жыл бұрын

    Thank you for the lesson, it's very informative.

  • @TuAudiolibro
    @TuAudiolibro3 жыл бұрын

    Excelente como siempre, muchas gracias!

  • @eisarazavi4873
    @eisarazavi48733 жыл бұрын

    You have currently the best channel that I know..🍻

  • @trumptv1527
    @trumptv15272 жыл бұрын

    wow thank you. I was confused about RSI. Stochastic is more of momentum indicator i heard and 10% of the time an oversold overbought indicator but it worked to verify for RSI. Hey thanks for csrs. You are amazing! God bless you.

  • @hamzeevlogs6
    @hamzeevlogs63 жыл бұрын

    Great video brother! I'll probably have to watch it several times to get a grip on the concept. What time frame do you recommend if I was to use RSI and trend lines/support resistance, can I use 1min or 5 min chart to apply this?

  • @ruwangunasekara7718
    @ruwangunasekara7718 Жыл бұрын

    Excellent explanation. Thank you.

  • @mr.vertix7319
    @mr.vertix73192 жыл бұрын

    You just earned another sub 👊🏻👊🏻

  • @questionpapersadda
    @questionpapersadda3 жыл бұрын

    Best Video On RSI🙏🙏🙏

  • @martinettenes1789
    @martinettenes17892 жыл бұрын

    Great information, thank you 🙏

  • @ytunfpp
    @ytunfpp3 жыл бұрын

    Superb explanation. Thanks

  • @lahirujayasekara9067
    @lahirujayasekara90673 жыл бұрын

    thanks for the great explanations

  • @JoaoPereira-ow6lr
    @JoaoPereira-ow6lr3 жыл бұрын

    Great video bro. Thanks👌

  • @technicalblue6399
    @technicalblue63992 жыл бұрын

    ❤ love from 🇮🇳इंडिया India 👍👍👍👍

  • @mojtabadav9248
    @mojtabadav92483 жыл бұрын

    hello and thank you to upload this video I've faced this, and find it really great and beautiful

  • @mojtabadav9248
    @mojtabadav92483 жыл бұрын

    hello and thank you to upload this video I ve faced this, and find it really great and beautiful

  • @sugarsuka
    @sugarsuka3 жыл бұрын

    Thank you brother, because of you, I can trade better

  • @RameshMuthuk1596
    @RameshMuthuk15963 жыл бұрын

    Very informative .. thanks

  • @Amol777
    @Amol7773 жыл бұрын

    Very well explained

  • @clydbontong5410
    @clydbontong54102 жыл бұрын

    Very helpful thanks .

  • @jayshreepande2279
    @jayshreepande22793 жыл бұрын

    Outstanding sir .........

  • @user-tb6kc8yl2x
    @user-tb6kc8yl2x Жыл бұрын

    You are really pro teacher 🔥🔥

  • @sanniazeez7003
    @sanniazeez7003 Жыл бұрын

    Interesting and educative

  • @ciaranbrennan16
    @ciaranbrennan163 жыл бұрын

    Great video.

  • @pawankumakdp
    @pawankumakdp2 жыл бұрын

    Great explanation

  • @parshugyanram136
    @parshugyanram1362 жыл бұрын

    Excellent !

  • @aryan_9652
    @aryan_96522 жыл бұрын

    thank you brother

  • @drajitpawar7303
    @drajitpawar7303 Жыл бұрын

    Thanks!

  • @stephenjyoti19
    @stephenjyoti19 Жыл бұрын

    sir lot thanks for making this video. love❤❤❤ from stephen jyoti from india, kolkata

  • @harvgill76
    @harvgill763 жыл бұрын

    Excellent.

  • @Amol777
    @Amol7773 жыл бұрын

    Best explained

  • @casicrypto6101
    @casicrypto61012 жыл бұрын

    Great video

  • @mizaelpereira9276
    @mizaelpereira92762 жыл бұрын

    Excelente video muito informativo.

  • @fullcircle4723
    @fullcircle47233 жыл бұрын

    All your videos are pots o'gold

  • @osamabinladen678
    @osamabinladen6783 жыл бұрын

    Awesome bro

  • @victorontheweb
    @victorontheweb3 жыл бұрын

    Great video, thank you. What is the difference between Stochastic and Connor RSI ?

  • @pawankumakdp
    @pawankumakdp2 жыл бұрын

    Excellent

  • @vahid401
    @vahid4013 жыл бұрын

    Definitely astonishing video to me, just one question: best book for technical analysis recommendation ?

  • @ravindrabaldawa2900
    @ravindrabaldawa29002 жыл бұрын

    Nice 👍 concept

  • @abdulazizali3700
    @abdulazizali37003 жыл бұрын

    U r Best Bro

  • @fysara8362
    @fysara83622 жыл бұрын

    very helpful

  • @dianacharlie5283
    @dianacharlie52832 жыл бұрын

    Learning everyday

  • @kokik2373
    @kokik23733 жыл бұрын

    God bless u thanks ...

  • @ofwjourney2397
    @ofwjourney23973 жыл бұрын

    Thank you for sharing your great knowledge, May i know the best time frame settings for daily spot Trading, in minutes or in an hour time frame? Thank you

  • @BB-rw4se
    @BB-rw4se3 жыл бұрын

    Ur content is amazing and soo damn clear If you can explain the Fibonacci Retracements Explained for Beginners Plz

  • @mattwinch72
    @mattwinch723 жыл бұрын

    Thank you very much for this helpful video, different candle periods can give different results, how best to look at this? What would you recommend as the best period for day trading? 4H, 1H? Many txs Matthew

  • @ahmirasad007
    @ahmirasad0073 жыл бұрын

    Hi nice video. Make a video on the TDI strategy.

  • @ghafoorkhan5201
    @ghafoorkhan52012 жыл бұрын

    Very helpful. The only problem is that there is no CSRS or CRS indicator on trading view to find the divergence?

  • @abubekirlenty8854
    @abubekirlenty88542 жыл бұрын

    Thanks

  • @gameanimasi5140
    @gameanimasi51402 жыл бұрын

    good video teknik skil

  • @XynGG
    @XynGG3 жыл бұрын

    I backtested this using the RSI and support and resistance and it worked maybe about 60% of the time if that

  • @bobb74ysmith
    @bobb74ysmith3 жыл бұрын

    At the 5:30 mark you say the RSI is forming higher highs when the lines are below the 30 line? Thank you great channel and content btw

  • @jaganm2649
    @jaganm26493 жыл бұрын

    Tq sir

  • @mohdakramabubakar2925
    @mohdakramabubakar29253 жыл бұрын

    Hi bro,...very good n great video. Can you explain in detail about CCI strategy...tqvm.

  • @Danishkhan-wt4bm
    @Danishkhan-wt4bm3 жыл бұрын

    Great sir... Can u tell me for intraday trading what time frame good for trade?

  • @wazzzy111
    @wazzzy1113 жыл бұрын

    Super explanation....just let us know the best time frame for this strategy....many many thnaks

  • @kanagaelectronic480
    @kanagaelectronic4802 жыл бұрын

    Lovu bro

  • @rogerioteles9249
    @rogerioteles92493 жыл бұрын

    Obrigado

  • @barbarajordan2698
    @barbarajordan26982 жыл бұрын

    what ma do you use with the rsi and why? also I noticed that when using the rsi with the 50 point line, you gave the example in the middle of price instead of at the end, would it work the same way where price is at the time? thanks for the good information.

  • @rolandpierrelouis4013
    @rolandpierrelouis40132 жыл бұрын

    What is the setting of the RSI you use in this video ? Thanks for your work

  • @epicsounds9115
    @epicsounds91153 жыл бұрын

    WOW

  • @Holywoood1
    @Holywoood13 жыл бұрын

    Hello. I like your videos and using some of your strategies in my practice. Very impressing. I wanted to ask about the CSRS indicator you mentioned. There is no such indicator in my Trading View. Can you suggest which is it exactly? Thank you in advance!

  • @aleksszukovskis2074

    @aleksszukovskis2074

    2 жыл бұрын

    same

  • @YaaALI313
    @YaaALI3133 жыл бұрын

    Hey can you make a hull Macd with histogram that would be nice to see and tested

  • @bbmaafx
    @bbmaafx3 ай бұрын

    I am use RSI divergence and convergence

  • @redqueen7572
    @redqueen7572 Жыл бұрын

    Need more videos

  • @PlainCheesePizza
    @PlainCheesePizza2 жыл бұрын

    what time frame are you using the mid line /stoch strat on?

  • @kelvinosas
    @kelvinosas3 жыл бұрын

    Do more videos.... I can follow u on telegram. Instagram or any social platform

  • @abi1181
    @abi11813 жыл бұрын

    can I apply ur setups in indian market ? Is it work ?

  • @joanjayme5651
    @joanjayme56512 жыл бұрын

    Hi,..which is the best TF for using rsi?

  • @roseelmoh1122
    @roseelmoh1122 Жыл бұрын

    What is your rsi and stochastic settings and what chart can you use this on ? 1hr good ??

  • @benedictgoodluck1092
    @benedictgoodluck10922 жыл бұрын

    Please explain the candle stick pattern

  • @mohammedhaggy-9068
    @mohammedhaggy-90682 жыл бұрын

    Can you mention the periods you use for RSI setup

  • @ilja5425
    @ilja54253 жыл бұрын

    What is your stochastic and RSI settings?

  • @vincentbanal4473
    @vincentbanal44733 жыл бұрын

    Is it good also for crypto trading?

  • @minyoo792
    @minyoo7923 жыл бұрын

    what is the setting number he used for divergence? is it 46 or 51 it keeps changing

  • @SAN-dv7wl
    @SAN-dv7wl3 жыл бұрын

    Sir we can use these all trading strategy for crypto is that same for all Or it's only for Forex

  • @gonzalotoloza6700

    @gonzalotoloza6700

    2 жыл бұрын

    same problem here

  • @faithstephens116
    @faithstephens1163 жыл бұрын

    You mentioned the stochastic indicator, so what’s the best strategy to that one as your one of your main indicators?

  • @DataTraders

    @DataTraders

    3 жыл бұрын

    i dont have a "main" indicator, i change my indicators depending on the market condition

  • @umeshdesai6828

    @umeshdesai6828

    2 жыл бұрын

    Educational

  • @TheAmbitious22
    @TheAmbitious223 жыл бұрын

    sometimes we have both divergences, bullish and perish what should I follow!

  • @V3killerx
    @V3killerx2 жыл бұрын

    Is this video helpful for trading Stocks as well?

  • @tejaspatil3081
    @tejaspatil30813 жыл бұрын

    Which software are u using

  • @SR-ve6kb
    @SR-ve6kb3 жыл бұрын

    Do these apply only to forex trading?

  • @kajalbathija4927
    @kajalbathija49272 жыл бұрын

    Hi which time frame should this be used on

  • @AxL28AxL
    @AxL28AxL3 жыл бұрын

    can u do a 3 bar play video.

  • @ankitanand2458
    @ankitanand24583 жыл бұрын

    what is the best time frame for rsi?

  • @zaidbolhasan6292
    @zaidbolhasan62923 жыл бұрын

    What about 40 to 50 support area in RSI? Can elaborate?

  • @user-ri2np7tv3b
    @user-ri2np7tv3b8 ай бұрын

    this is the most profitable way to make money in internet

  • @MFxGoldsniper
    @MFxGoldsniper2 жыл бұрын

    very logical video but here he does not mention to which timeframe is used,and whai is the parameters of RSI setting, because the lower time frame is much more noise and not dependable!

  • @294dime
    @294dime3 жыл бұрын

    What is best timeframe for this?

  • @sureshrama600
    @sureshrama6003 жыл бұрын

    Sir am from India... Is this strategy can I used in our market? Can this work?

  • @mihirviranistockmarket2097

    @mihirviranistockmarket2097

    3 жыл бұрын

    bhai agar tereko check karna hai ki work karta hai bhi ya nahi tofir us stock ka chart open kar aur deak le.

  • @KoladiK
    @KoladiK3 жыл бұрын

    The RSI with the bollinger bands are a nasty combo mambafx has a video on it Period: 34 Shift: 0 Deviations: 2,000 Apply to: first indicators data

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