Using RSI on higher Period without Overbought and Oversold Level
I bet that most of You are using the Relative Strength Index on a daily basis. So here comes the question HOW do You use it?
With time I found that RSI set on higher Period ( like 100-200 ) and only with middle line at 50 level is waaay easier to read and gives clearer view of the momentum.
It also makes it easier to draw trend lines on the RSI and don`t get fooled buy short term moves.
By the way, this is the chart for ETH/USD on Daily Timeframe.
With time I found that RSI set on higher Period ( like 100-200 ) and only with middle line at 50 level is waaay easier to read and gives clearer view of the momentum.
It also makes it easier to draw trend lines on the RSI and don`t get fooled buy short term moves.
By the way, this is the chart for ETH/USD on Daily Timeframe.