Can The RSI Indicator Help Your Trading?

Описание: The Relative Strength Indicator was originally developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, "New Concepts in Technical Trading Systems." To this day it remains among the most popular indicators among technical traders, in this video we explore how to use the RSI indicator in today's market!******. Watch our Live Trading show, Monday to Friday from 9 am to Noon!    / tradertvlive  

In previous videos we've discussed the importance of always having multiple catalysts for every trade you take, incorporating 1, 2 or even 3 indicators into your style of trading is possible but requires extreme discipline and a sound, tested plan. Here, we discuss multiple different strategies a trader can use to explore the Relative Strength Indicator. As an "indicator" we have to understand we're looking at a lagging factor in our trading. That being said, as a secondary and third signal for a trade entry it is possible to to include these indicators in your trade plan. Let's discuss the most common uses for the RSI Indicator and aim to help you make the decision whether or not to use it in your trading.

⏳ Outline:
0:00 Intro
0:52 Always back test strategies before trading live
1:60 Different circumstances require different rules
2:28 Overbought vs. Oversold
4:03 How news related moves in a stock can cause issues...
5:30 Trending moves can be confirmed with the RSI
8:20 Lower volatility and smaller ranges will be tough for the RSI
12:26 The trend is your friend
14:46 Summary


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