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| Name | RSI Indicator Trading Strategy (Advanced) |
| Video Uploader | Video From LuxAlgo |
| Upload Date | This Video Uploaded At 22-09-2022 15:10:49 |
| Video Discription | The Relative Strength Index (RSI) is one of the most used indicators across stocks, cryptocurrency, & forex markets. For using it in combination with other indicators, it can be quite useful for a day trader, however, using it on its own is a bit more complex and not generally recommended among professionals. The overbought & oversold zones on the RSI can be great exit points within trading strategies but as a trader, you shouldn't expect these zones to catch tops and bottoms directly for "sniper entries and exits" as many will claim. Using the 50 level on the RSI is much smarter as it's a way to identify bullish or bearish momentum in any given time frame. For using the Relative Strength Index to spot divergences, the 70 & 30 overbought & oversold levels can be more useful to find profitable trading setups. Paying attention to the specifics including the settings of the RSI will help you use this trading indicator in the right context & avoid common mistakes when day trading or investing. Get instant access to LuxAlgo Premium: https://luxalgo.com Join our 100k+ member community: https://discord.gg/LUX 50+ free indicators coded by us: https://www.tradingview.com/u/LuxAlgo/#published-scripts 0:00 - 0:58 Common RSI Mistakes 0:58 - 1:53 RSI for Momentum 1:54 - 2:25 Trading RSI Divergences 2:25 - 3:08 How To Use RSI Settings 3:08 - 3:34 RSI Based Moving Average 3:34 - 3:55 Outro All of the content on our YouTube channel is for educational purposes only. No data, content, or information provided by LuxAlgo, the Site, or the other products and services of LuxAlgo, is intended, and shall not constitute or be construed as, advice or any recommendation to buy, sell or hold a particular security or pursue any particular investment strategy. CFTC Rule 4.41 - Hypothetical or Simulated performance results have certain limitations, unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Trading is risky. You must be aware of the risks and be willing to bear any level of risk to invest in financial markets. Past performance is not necessarily indicative of future results. This channel and all individuals and entities affiliated with this channel assume no responsibility for your trading results or investments. If you don’t agree with these terms or the full disclaimer (https://www.luxalgo.com/legal-pages/disclaimer) you should not continue watching our videos. |
| Category | Education |
| Tags | lux algo | tradingview | lux | algo | indicators | daytrading | stocks | crypto | forex | stockmarket | trading strategy | daytrading method | technicalanalysis | luxalgo | trendspider |
