Relative Strength Index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions and the price of a stock, future, or crypto.
How to effectively use the RSI for day trading?
In this week’s #developyouredge episode, I’ll share an effective way to use the RSI in a RANGE-BOUND type day and how to NOT use the RSI in a TREND UP or TREND DOWN day (you’ll get to see my favorite setups using RSI for my day trading).
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Develop Your Edge is a weekly YouTube show hosted by 23-year futures veteran and CME member Anthony Crudele, an ex-pit trader and one of the first to trade the E-Mini S&P. Each week Anthony and his guests discuss what they are doing to Develop Their Edge in trading futures! Past performance is no guarantee of future results. Derivatives trading is not suitable for all investors.