Best RSI Indicator Strategy for Day trading Forex (RSI Indicator Explained)

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Best RSI Indicator Strategy for Day trading Forex (RSI Indicator Explained)

Рет қаралды 95,233

Күн бұрын

SimplexFX (Where I Trade): simplefx.unili...
✅ Earn $40 bonus for a deposit above $100
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.tradingvie...
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....
--
Ignore tags:
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Пікірлер: 135

@jashenmey 3 жыл бұрын

This video is so underrated! Thanks for the great explanations!

@vanisleflyingcorgi7916 3 жыл бұрын

These videos are so helpful and just the best explanations. No BS, just straight to the knowledge.

@kolafola7493 6 ай бұрын

your explanation is so easy. Thanks so much

@mr_harshu.0498 3 жыл бұрын

I am from India, Your Every video is very helpful for me you can show all possible levels thankyou

@iamsanamthapa2005 3 жыл бұрын

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 .

@GamingClans 3 жыл бұрын

This is the best video ,it is precise and very informative ,thanks my man

@mohamedelsayed7703 Жыл бұрын

ONE OF BEST BEST CHANNELS I SEE IN MY LIFE THANK U SO MUCH

@davidchan1922 2 жыл бұрын

amazing content dude... clear, concise and useful... keep uo the good work!

@faycelrahim3597 2 жыл бұрын

short and simple straight to the point and i understand everything

@trumptv1527 2 жыл бұрын

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.

@technicalblue6399 2 жыл бұрын

❤ love from 🇮🇳इंडिया India 👍👍👍👍

@hamzeevlogs6 3 жыл бұрын

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?

@stephenjyoti19 Жыл бұрын

sir lot thanks for making this video. love❤❤❤ from stephen jyoti from india, kolkata

@eisarazavi4873 3 жыл бұрын

You have currently the best channel that I know..🍻

@rita_machadosilva 3 жыл бұрын

These strategies are awesome man!!!! Gratitude!!

@TuAudiolibro 3 жыл бұрын

Excelente como siempre, muchas gracias!

@bbmaafx 5 ай бұрын

I am use RSI divergence and convergence

@fullcircle4723 3 жыл бұрын

All your videos are pots o'gold

@mojtabadav9248 3 жыл бұрын

hello and thank you to upload this video I've faced this, and find it really great and beautiful

@user-tb6kc8yl2x Жыл бұрын

You are really pro teacher 🔥🔥

@ghafoorkhan5201 3 жыл бұрын

Very helpful. The only problem is that there is no CSRS or CRS indicator on trading view to find the divergence?

@questionpapersadda 3 жыл бұрын

Best Video On RSI🙏🙏🙏

@mojtabadav9248 3 жыл бұрын

hello and thank you to upload this video I ve faced this, and find it really great and beautiful

@ruwangunasekara7718 Жыл бұрын

Excellent explanation. Thank you.

@navormontoya6027 3 жыл бұрын

Thank you for the lesson, it's very informative.

@mr.vertix7319 2 жыл бұрын

You just earned another sub 👊🏻👊🏻

@XynGG 3 жыл бұрын

I backtested this using the RSI and support and resistance and it worked maybe about 60% of the time if that

@sugarsuka 3 жыл бұрын

Thank you brother, because of you, I can trade better

@martinettenes1789 2 жыл бұрын

Great information, thank you 🙏

@ilja5425 3 жыл бұрын

What is your stochastic and RSI settings?

@BB-rw4se 3 жыл бұрын

Ur content is amazing and soo damn clear If you can explain the Fibonacci Retracements Explained for Beginners Plz

@ytunfpp 3 жыл бұрын

Superb explanation. Thanks

@aryan_9652 3 жыл бұрын

thank you brother

@drajitpawar7303 Жыл бұрын

Thanks!

@lahirujayasekara9067 3 жыл бұрын

thanks for the great explanations

@clydbontong5410 2 жыл бұрын

Very helpful thanks .

@ravindrabaldawa2900 2 жыл бұрын

Nice 👍 concept

@pawankumakdp 2 жыл бұрын

Excellent

@abubekirlenty8854 2 жыл бұрын

Thanks

@benedictgoodluck1092 2 жыл бұрын

Please explain the candle stick pattern

@ofwjourney2397 3 жыл бұрын

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

@sanniazeez7003 2 жыл бұрын

Interesting and educative

@pawankumakdp 2 жыл бұрын

Great explanation

@wazzzy111 3 жыл бұрын

Super explanation....just let us know the best time frame for this strategy....many many thnaks

@jayshreepande2279 3 жыл бұрын

Outstanding sir .........

@JoaoPereira-ow6lr 3 жыл бұрын

Great video bro. Thanks👌

@Amol777 3 жыл бұрын

Very well explained

@dianacharlie5283 2 жыл бұрын

Learning everyday

@gameanimasi5140 2 жыл бұрын

good video teknik skil

@vahid401 3 жыл бұрын

Definitely astonishing video to me, just one question: best book for technical analysis recommendation ?

@RameshMuthuk1596 3 жыл бұрын

Very informative .. thanks

@KoladiK 3 жыл бұрын

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

@user-ri2np7tv3b 10 ай бұрын

this is the most profitable way to make money in internet

@parshugyanram136 2 жыл бұрын

Excellent !

@mizaelpereira9276 2 жыл бұрын

Excelente video muito informativo.

@roseelmoh1122 Жыл бұрын

What is your rsi and stochastic settings and what chart can you use this on ? 1hr good ??

@SAN-dv7wl 3 жыл бұрын

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

@ciaranbrennan16 3 жыл бұрын

Great video.

@Amol777 3 жыл бұрын

Best explained

@redqueen7572 Жыл бұрын

Need more videos

@harvgill76 3 жыл бұрын

Excellent.

@kokik2373 3 жыл бұрын

God bless u thanks ...

@abdulazizali3700 3 жыл бұрын

U r Best Bro

@goodeldash 3 жыл бұрын

Great video! except at 4:52 you should have said the RSI is forming 'Lower Highs' instead of 'Lower Lows'. Again at 5:27 you should have said the RSI is forming 'Higher Lows' instead of 'Higher Highs'. Again at 5:45 you should have said the RSI is forming 'Lower Highs' instead of 'Lower Lows'. Sorry for the criticism, but I hope this helps :)

@mohdakramabubakar2925 3 жыл бұрын

Hi bro,...very good n great video. Can you explain in detail about CCI strategy...tqvm.

@MrPricegold 2 жыл бұрын

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!

@YaaALI313 3 жыл бұрын

Hey can you make a hull Macd with histogram that would be nice to see and tested

@casicrypto6101 3 жыл бұрын

Great video

@johnykumar5636 Ай бұрын

praise the lord brother am from india these stratergy use for option trading.?

@ahmirasad007 3 жыл бұрын

Hi nice video. Make a video on the TDI strategy.

@fysara8362 3 жыл бұрын

very helpful

@kanagaelectronic480 2 жыл бұрын

Lovu bro

@bobb74ysmith 3 жыл бұрын

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

@Holywoood1 3 жыл бұрын

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 3 жыл бұрын

same

@Danishkhan-wt4bm 3 жыл бұрын

Great sir... Can u tell me for intraday trading what time frame good for trade?

@osamabinladen678 3 жыл бұрын

Awesome bro

@rogerioteles9249 3 жыл бұрын

Obrigado

@V3killerx 3 жыл бұрын

Is this video helpful for trading Stocks as well?

@victorontheweb 3 жыл бұрын

Great video, thank you. What is the difference between Stochastic and Connor RSI ?

@rolandpierrelouis4013 2 жыл бұрын

What is the setting of the RSI you use in this video ? Thanks for your work

@suryasuryam476 2 жыл бұрын

Sir what is the RSI best setting

@mattwinch72 3 жыл бұрын

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

@jaganm2649 3 жыл бұрын

Tq sir

@mohammedhaggy-9068 2 жыл бұрын

Can you mention the periods you use for RSI setup

@TheAmbitious22 3 жыл бұрын

sometimes we have both divergences, bullish and perish what should I follow!

@faithstephens116 3 жыл бұрын

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

@ramoneucogco6446 2 жыл бұрын

What is best timeframe using this strategy?

@kajalbathija4927 2 жыл бұрын

Hi which time frame should this be used on

@zaidbolhasan6292 3 жыл бұрын

What about 40 to 50 support area in RSI? Can elaborate?

@imranalirazashahrizvi7366 3 жыл бұрын

My acoount wash out every time what i do plz guide me

@andrewvalentine7492 3 жыл бұрын

This may be due to two major factors. Either you dont have a Profitable Strategy or You are not executing Effectively That Strategy Of Yours. The Best thing to do is To Trade First with The Demo Account Seriously Until You Are Able To Turn Into Profits Consistently Multiple Times.

@minyoo792 3 жыл бұрын

what is the setting number he used for divergence? is it 46 or 51 it keeps changing

@joanjayme5651 3 жыл бұрын

Hi,..which is the best TF for using rsi?

@barbarajordan2698 3 жыл бұрын

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.