Is RSI better for intraday trading or swing trading

C

cashclay

Just curious. I have started to look into the RSI and wanted some input. I am currently using the RSI at 14 day period. Do you guys think it is better to use the RSI for swing trading or is it better for intra day trading?
And what day period do you use for RSI? I had heard that 14 might be to long
 
OK. That's the straightforward question.

Answer: None of the above.

why? the market moves in various
manner
fashion
speed / acceleration
characteristics
pattern

Just delete the RSI and that eliminates the problem / question.


Unfortunately, many people don't like to hear this answer.
They insist and persist to use RSI, till the end of time.
 
Last edited:
cashclay said:
Just curious. I have started to look into the RSI and wanted some input. I am currently using the RSI at 14 day period. Do you guys think it is better to use the RSI for swing trading or is it better for intra day trading?
And what day period do you use for RSI? I had heard that 14 might be to long
More...
Generally the higher timeframe the more reliable are technical patterns including signals from technical indicators. The downside of this that holding time can increase significantly since margin of error is high when you trading on high timeframes.
 
maxinger said:
OK. That's the straightforward question.

Answer: None of the above.

why? the market moves in various
manner
fashion
speed / acceleration
characteristics
pattern

Just delete the RSI and that eliminates the problem / question.


Unfortunately, many people don't like to hear this answer.
They insist and persist to use RSI, till the end of time.
More...

I would like to double like your response.
If you throw out RSI, there are dozen more which are there and few more which will emerge. Enough to keep retail traders busy trying to figure the best one out..
 
kroxobor said:
Generally the higher timeframe the more reliable are technical patterns including signals from technical indicators. The downside of this that holding time can increase significantly since margin of error is high when you trading on high timeframes.
More...
really??? Do you use the RSI yourself?
 
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