Why You Should Avoid the RSI Indicator and Master Price Action Instead
Learn to Trade in 5 Days Why You Should Avoid the RSI Indicator and Master Price Action Instead Forget the hype around indicators like RSI—after seven years of trading and millions in profits, I’ve learned they’re delayed, unreliable, and clutter your charts. The RSI Indicator promises to signal overbought or oversold markets, but it fails to deliver consistent wins in the $6.3 trillion Forex market. In this guide, I’ll explain why RSI, Bollinger Bands, and Fibonacci Retracements are a waste of time and show you how Price Action Trading generates $1,000–$1,500 weekly with simple candlestick patterns. Get my 5-Day Trading Mini-Course 1. Why the RSI Indicator Doesn’t Work The Relative Strength Index (RSI) claims to identify overbought (sell) or oversold (buy) conditions by measuring price momentum. But it’s a flawed tool that misleads traders. Problems with RSI: Inaccurate Signals: RSI assumes a market is “too high” or “too low,” but prices can stay ove...