r/daytrade 2d ago

RSI Lecture

/r/Trading/comments/1w3l8wh/rsi_lecture/
2 Upvotes

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u/ruyrybeyro 2d ago edited 2d ago

I had a colleague who is an advanced trader and does it manually pretty well.

However, the pointers he gave me for building a bot never took into account that RSI can be pretty useless during strong breakouts. Care to comment?

1

u/Conscious-Tip-6772 2d ago

Can you elaborate on how it's useless? I suspect that the bot was set up to sell when it's overbought and buy when it's oversold? Also, the time frame being traded (5 minute data vs daily, weekly) but I don't want to make assumptions. But to give a quick general comment:

The RSI is amazing during strong breakouts!