Best Trading Indicator? -- RSI. Great tips on using this powerful tool!

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Comments

1. sir this RSI indicator is best for intraday trading, but it has one drawback - when trend is up it touches it upper limit and when trend is down it touches it lower limit. In that case it is very risky to take position as sell or buy. The ideal action is when trend is down and RSI is at top - then sell or when trend is up and RSI is at bottom - then buy. But this condition occurs very rarely. What I suggest is keep RSI limits as 90 & 10 and draw lines in it at 70 & 30. So for uptrend when RSI touches 90 it will be over bought level & when it will touch 30 it will be over sold level, similarly for downtrend when RSI touches 10 it will be over sold level & when it will touch 70 it will be over bought level.
2. wht abt if trend is about to change
3. thnx for ur insight in trading....grt videos....what parameter u use for rsi n in what time frame
4. Sir, it is better to explain with the help of charts.