Swing trading RSI Strategy

Trading
1

Hello everyone…
can anyone tell me completely about rsi strategy for swing trading and how i should set my targets and stoploss. If you can explain using example then it will be of great help.
thank you

2

Bullish strategy: Just try to enter in an oversold area (below 30), find a medium term support, and there must be some bullishness in the stock and volume must confirm.
Bearish strategy: vice-versa

Tip: don’t rely only on rsi

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3

which indicator can confirm rsi more accurtely?

4

Use MACD, MA, Trend Lines and Price action (Bearish and Bullish Patterns). You should make use the confluence of all to get the confirmation then enter. Always follow Risk Management.

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5

thanks

6

Don’t buy when RSI is in oversold zone. It is like catching a falling knife. For swing trading, you should buy on rising RSI, i.e. buy when RSI crosses 45 or 50 from below. Similarly to sell, do it when RSI goes below 60 or 55 from above.

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7

I have created some strategies related to swing trading that make my work easier. I use
RSI Cross above 60 with strong bullish stocks
Volume is rising trend for at least 1 period on screener tick on green candle with RSI cross above 57 on bullish stocks.

These two strategies work well for me,you can customise this according to your preferences on the Top Stock Research platform.

8

A swing trading RSI strategy involves using the Relative Strength Index (RSI) to identify overbought and oversold conditions. Traders look for an RSI below 30 to signal oversold conditions and a potential buy, and an RSI above 70 for overbought conditions to consider selling. Combining RSI with support/resistance levels or trendlines can enhance entry/exit points for more reliable trades.