Hi, new to trading. So want to know what’s the best frequency to check RSI? e.g. 1 Day, 1 Hour, etc.
Help will be great.
Anybody to help?
You read about the same in the below link.
When the RSI reading is between 30 and 0, the security is supposed to be oversold and ready for an upward correction. When the security reading is between 70 and 100, the security is supposed to be heavily bought and is ready for a downward correction.
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over brought is 70 and over sale is 30 is the best rsi frequency in intraday for 15 m & 5 m
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Its depend on your trading style, say if you trade intra-day look at 5min+15min, hourly + day , if your a delivery based or for swing trading look at day+weekly RSI
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It all depends on timeframes u choose, ideally 60 & 30, 70 & 30, 80 & 20 u can learn more on internet. These r some indication of when to buy & sell / overbought & over sell of particular stock.
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