RSI indicator

[OscarR]

I've been exploring different technical indicators have you found it to be a reliable tool in identifying potential market trends?

 

[Chadpowell]

I don't think it's a good idea to just rely on RSI alone. It's better to double-check RSI signals with other indicators or chart patterns like trendlines, moving averages, or candlestick patterns. This way, your analysis will be more reliable!

 

[Ara]

RSI is a staple in many traders' toolkits. However, like any indicator, it's most effective when used in conjunction with other confirming signals.

 

[forexwithouttears]

RSI is a staple in many traders' toolkits. However, like any indicator, it's most effective when used in conjunction with other confirming signals.

its good to use the rsi with other tools.

 

[Ara]

I have found technical indicators to be helpful in analyzing market trends. However, it's important to keep in mind that no tool is completely reliable. By combining technical indicators with fundamental analysis, you can improve your ability to accurately assess market trends.

 

[Zerologic]

I like to use RSI, which is an oscillator indicator with levels from 0-100, prices are considered overbought when they enter above level 70 and are considered oversold when prices enter below level 30, compared to stochastic RSI gives signals less frequently.

 

[jim_]

I use technical indicators to identify market trends, but I always consider other analyses. It's important to understand the strengths and limitations of different indicators and to consider factors like market sentiment and news events when making trading decisions.

 

[Zerologic]

I use technical indicators to identify market trends, but I always consider other analyses. It's important to understand the strengths and limitations of different indicators and to consider factors like market sentiment and news events when making trading decisions.

Mainly news high impact like NFP, big difference between actual data and forecast could lead the market spike and indicator can't work properly.