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RSI Technical Analysis
RSI or Relative Strength Index helps to identify if a stock is overbought or oversold on a technical basis using prior data periods. In this video, I outline how I change from the normal 14-period RSI and actually use two other periods, one for investing/swing trading and the other for day trading.
Below are links for the images I took of SNAP's charts using the different RSI periods for comparison and the ranges I use for them in trading.
https://drive.google.com/drive/folders/16m_l5fypCXU5d8VMUCq3A2Sxv_vgY8mR?usp=sharing
0:00 - RSI & Periods I Use
0:50 - 1:40 Daily Chart - Investing/Swing Trading
1:40 - 2:01 Trading The Same Stock Repeatedly
2:01 - 2:41 5 Min. Chart - Day Trading
2:41 - 3:17 RSI Is #3
***Disclaimer: This is for educational purposes containing my personal opinions and approaches, this is not investment advice. All trades are made in my smaller accounts to accommodate reasonable expectations for beginning traders with smaller accounts.***
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