Is the RSI Indicator worth using? Determining when the market is overbought or oversold can be tough. Many traders use an RSI indicator to help them determine that. Is it important? Listen to find out.
Click here or in the video to learn if this indicator is worth using!
►00:00 Introduction ►01:14 How do you determine the market is overbought or oversold? ►02:44 Understand how your asset trades ►05:57 Look at weekly timeframes ►09:14 Look at hourly timeframes ►13:48 Outro
Before you use or employ any indicator, you want to decide whether or not that indicator is even useful in the context of what you are doing.
In other words, how often in the past has an RSI indicator been any sort of an accurate indication of whether the market is going to fall or not.
An RSI indicator might be useful on some assets in some time frames and in some situations.
The RSI indicator indicates whether or not the market is moving at a faster rate than it normally does.
If you understand your asset you know when it’s gone up more than it normally does.
It doesn’t take an indicator to figure that out.
Whether you use the RSI indicator or not, please be sure to listen to John’s perspective because it can help you determine the usefulness of any indicator for your situation.
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