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

SimplexFX (Where I Trade): simplefx.unili...
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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....
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Ignore tags:
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[@jashenmey]

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

[@vanisleflyingcorgi7916]

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

[@mr_harshu.0498]

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

[@kolafola7493]

your explanation is so easy. Thanks so much

[@GamingClans]

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

[@iamsanamthapa2005]

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 .

[@faycelrahim3597]

short and simple straight to the point and i understand everything

[@davidchan1922]

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

[@hamzeevlogs6]

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?

[@trumptv1527]

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.

[@mohamedelsayed7703]

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

[@technicalblue6399]

❤ love from 🇮🇳इंडिया India 👍👍👍👍

[@TuAudiolibro]

Excelente como siempre, muchas gracias!

[@rita_machadosilva]

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

[@ghafoorkhan5201]

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

[@eisarazavi4873]

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

[@fullcircle4723]

All your videos are pots o'gold

[@bbmaafx]

I am use RSI divergence and convergence

[@aryan_9652]

thank you brother

[@ruwangunasekara7718]

Excellent explanation. Thank you.

[@mojtabadav9248]

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

[@mr.vertix7319]

You just earned another sub 👊🏻👊🏻

[@sugarsuka]

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

[@MasterofInvestorandTrader]

You are really pro teacher 🔥🔥

[@ofwjourney2397]

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

[@stephenjyoti19]

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

[@questionpapersadda]

Best Video On RSI🙏🙏🙏

[@navormontoya6027]

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

[@drajitpawar7303]

Thanks!

[@martinettenes1789]

Great information, thank you 🙏

[@XynGG]

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

[@ilja5425]

What is your stochastic and RSI settings?

[@BB-rw4se]

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

[@benedictgoodluck1092]

Please explain the candle stick pattern

[@lahirujayasekara9067]

thanks for the great explanations

[@abubekirlenty8854]

Thanks

[@pawankumakdp]

Excellent

[@ravindrabaldawa2900]

Nice 👍 concept

[@ytunfpp]

Superb explanation. Thanks

[@clydbontong5410]

Very helpful thanks .

[@SAN-dv7wl]

Sir we can use these all trading strategy for crypto is that same for all Or it's only for Forex

[@gonzalotoloza6700]

same problem here

[@YaaALI313]

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

[@vahid401]

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

[@parshugyanram136]

Excellent !

[@wazzzy111]

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

[@sanniazeez7003]

Interesting and educative

[@pawankumakdp]

Great explanation

[@dianacharlie5283]

Learning everyday

[@JoaoPereira-ow6lr]

Great video bro. Thanks👌

[@jayshreepande2279]

Outstanding sir .........

[@roseelmoh1122]

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

[@RameshMuthuk1596]

Very informative .. thanks

[@Holywoood1]

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]

same

[@bobb74ysmith]

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

[@ciaranbrennan16]

Great video.

[@mohdakramabubakar2925]

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

[@ahmirasad007]

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

[@KoladiK]

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

[@harvgill76]

Excellent.

[@MrPricegold]

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!

[@gameanimasi5140]

good video teknik skil

[@Danishkhan-wt4bm]

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

[@Amol777]

Best explained

[@mattwinch72]

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

[@casicrypto6101]

Great video

[@abdulazizali3700]

U r Best Bro

[@kanagaelectronic480]

Lovu bro

[@mizaelpereira9276]

Excelente video muito informativo.

[@rolandpierrelouis4013]

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

[@victorontheweb]

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

[@kokik2373]

God bless u thanks ...

[@redqueen7572]

Need more videos

[@johnykumar5636]

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

[@fysara8362]

very helpful

[@user-ri2np7tv3b]

this is the most profitable way to make money in internet

[@osamabinladen678]

Awesome bro

[@faithstephens116]

You mentioned the stochastic indicator, so what’s the best strategy to that one as your one of your main indicators?

[@DataTraders]

i dont have a "main" indicator, i change my indicators depending on the market condition

[@umeshdesai6828]

Educational

[@rogerioteles9249]

Obrigado

[@goodeldash]

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 :)

[@kelvinosas]

Do more videos.... I can follow u on telegram. Instagram or any social platform

[@jaganm2649]

Tq sir

[@V3killerx]

Is this video helpful for trading Stocks as well?

[@mohammedhaggy-9068]

Can you mention the periods you use for RSI setup

[@barbarajordan2698]

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.

[@epicsounds9115]

WOW

[@suryasuryam476]

Sir what is the RSI best setting

[@kajalbathija4927]

Hi which time frame should this be used on

[@TheAmbitious22]

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

[@AxL28AxL]

can u do a 3 bar play video.

[@ramoneucogco6446]

What is best timeframe using this strategy?

[@zaidbolhasan6292]

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

[@PlainCheesePizza]

what time frame are you using the mid line /stoch strat on?

[@joanjayme5651]

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

[@vincentbanal4473]

Is it good also for crypto trading?

[@minyoo792]

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

[@sureshrama600]

Sir am from India... Is this strategy can I used in our market? Can this work?

[@mihirviranistockmarket2097]

bhai agar tereko check karna hai ki work karta hai bhi ya nahi tofir us stock ka chart open kar aur deak le.

[@abi1181]

can I apply ur setups in indian market ? Is it work ?

[@294dime]

What is best timeframe for this?

[@andersonedika8070]

U don't always mention the time frame of ur candles for the strategy you teach. Why?

[@savithagirish7271]

Same doubt