You are Using the RSI Indicator WRONG! (RSI Trading Strategy Secrets REVEALED)

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