Many new traders use the Relative Strength Index (RSI) to determine overbought or oversold levels. This is wrong as RSI is a momentum indicator. In fact, using it on its own as a trading strategy is not going to help you maximize your profits. This video will help you understand exactly how to use the RSI indicator effectively.

00:00 How you are using RSI incorrectly
00:40 What is the Relative Strength Index (RSI)
01:18 Biggest Mistake When Using RSI
02:59 What is Regular (Classic) Divergence
05:25 Strategy to Trade Classic (Regular) Divergence
09:09 What is Hidden Divergence on the RSI
13:49 Tip #1 - Change the Source for More Accurate Readings
14:59 Tip #2 - How To Remove the Overbought and Oversold Settings
16:19 Divergence Tool on TradingView to Help Spot Divergences

#technicalanalysis #rsiindicator #rsirtradingstrategy #cryptotradingstrategies #daytrading #forextrading #bybit

👀 Want to learn more about Relative Strength Index trading? Watch this short video:

The BIGGEST Mistake Traders Make Using Relative Strength Index (RSI) | Explained for BEGINNERS #shorts -    • The BIGGEST Mistake Traders Make Usin...  

📒 Need more help? Learn more about the RSI indicator at Bybit Learn: https://learn.bybit.com/indicators/wh...

📈 Ready to trade? Sign up to receive up to $4030 bonus rewards:
https://i.bybit.com/1kmyabgX

📲 Connect with us:   / bybit_learn