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:
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Пікірлер: 133
This video is so underrated! Thanks for the great explanations!
These videos are so helpful and just the best explanations. No BS, just straight to the knowledge.
your explanation is so easy. Thanks so much
amazing content dude... clear, concise and useful... keep uo the good work!
short and simple straight to the point and i understand everything
This is the best video ,it is precise and very informative ,thanks my man
I am from India, Your Every video is very helpful for me you can show all possible levels thankyou
These strategies are awesome man!!!! Gratitude!!
ONE OF BEST BEST CHANNELS I SEE IN MY LIFE THANK U SO MUCH
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 .
Thank you for the lesson, it's very informative.
Excelente como siempre, muchas gracias!
You have currently the best channel that I know..🍻
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.
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?
Excellent explanation. Thank you.
You just earned another sub 👊🏻👊🏻
Best Video On RSI🙏🙏🙏
Great information, thank you 🙏
Superb explanation. Thanks
thanks for the great explanations
Great video bro. Thanks👌
❤ love from 🇮🇳इंडिया India 👍👍👍👍
hello and thank you to upload this video I've faced this, and find it really great and beautiful
hello and thank you to upload this video I ve faced this, and find it really great and beautiful
Thank you brother, because of you, I can trade better
Very informative .. thanks
Very well explained
Very helpful thanks .
Outstanding sir .........
You are really pro teacher 🔥🔥
Interesting and educative
Great video.
Great explanation
Excellent !
thank you brother
Thanks!
sir lot thanks for making this video. love❤❤❤ from stephen jyoti from india, kolkata
Excellent.
Best explained
Great video
Excelente video muito informativo.
All your videos are pots o'gold
Awesome bro
Great video, thank you. What is the difference between Stochastic and Connor RSI ?
Excellent
Definitely astonishing video to me, just one question: best book for technical analysis recommendation ?
Nice 👍 concept
U r Best Bro
very helpful
Learning everyday
God bless u thanks ...
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
Ur content is amazing and soo damn clear If you can explain the Fibonacci Retracements Explained for Beginners Plz
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
Hi nice video. Make a video on the TDI strategy.
Very helpful. The only problem is that there is no CSRS or CRS indicator on trading view to find the divergence?
Thanks
good video teknik skil
I backtested this using the RSI and support and resistance and it worked maybe about 60% of the time if that
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
Tq sir
Hi bro,...very good n great video. Can you explain in detail about CCI strategy...tqvm.
Great sir... Can u tell me for intraday trading what time frame good for trade?
Super explanation....just let us know the best time frame for this strategy....many many thnaks
Lovu bro
Obrigado
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.
What is the setting of the RSI you use in this video ? Thanks for your work
WOW
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
2 жыл бұрын
same
Hey can you make a hull Macd with histogram that would be nice to see and tested
I am use RSI divergence and convergence
Need more videos
what time frame are you using the mid line /stoch strat on?
Do more videos.... I can follow u on telegram. Instagram or any social platform
can I apply ur setups in indian market ? Is it work ?
Hi,..which is the best TF for using rsi?
What is your rsi and stochastic settings and what chart can you use this on ? 1hr good ??
Please explain the candle stick pattern
Can you mention the periods you use for RSI setup
What is your stochastic and RSI settings?
Is it good also for crypto trading?
what is the setting number he used for divergence? is it 46 or 51 it keeps changing
Sir we can use these all trading strategy for crypto is that same for all Or it's only for Forex
@gonzalotoloza6700
2 жыл бұрын
same problem here
You mentioned the stochastic indicator, so what’s the best strategy to that one as your one of your main indicators?
@DataTraders
3 жыл бұрын
i dont have a "main" indicator, i change my indicators depending on the market condition
@umeshdesai6828
2 жыл бұрын
Educational
sometimes we have both divergences, bullish and perish what should I follow!
Is this video helpful for trading Stocks as well?
Which software are u using
Do these apply only to forex trading?
Hi which time frame should this be used on
can u do a 3 bar play video.
what is the best time frame for rsi?
What about 40 to 50 support area in RSI? Can elaborate?
this is the most profitable way to make money in internet
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!
What is best timeframe for this?
Sir am from India... Is this strategy can I used in our market? Can this work?
@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.
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