oh my god, I just started trading and I just came here to know what RSI means cause I always hear it on youtube, and I didn't know that my strategy is already using RSI itself, no wonder I haven't lost my money the past few days yet
Thank you. Pls let me know if you have a course/series on technical analysis. I would love to enrol in it. Or, pls sugget me the best place to learn it online. I would like it to be exactly like this video with crystal clear explanations.
Yes, we do have a number of courses, which you can find by going to Schwab.com, then point to the 'Learn' tab, then select a course under the 'Insights & Education' column header. ^MF
There are learn to trade books on youtube for free......start with the basics.....After 3 .5 years the only TA i find useful is volume and price action/candlesticks.4 hour chart is good for price action.
Dear, you have prepared information on a very good topic. But I have a question, please guide me, how did you get the chart shown in the video through this AI software or is there any source like Trading View Chart through which we can show such a chart in the video which will help in preparing the video. .
Kevin. You could look up the formula for RSI (web search) and experiment with the parameters to see if you get what you are looking for. It's not something I've tried to do myself. ^CH
When you add RSI to your chart it will put it in there for you as a default. Each day will show the value if you mouse on it. If a value is below 1, it's very low in the oversold area.
The RSI is a rangebound indicator, bound between 0 and 100, so the 30 & 70 range lines will always be in the same place. The values can be changed by editing the study in the thinkorswim desktop platform. A value of 0.00089 would be oversold. ^BW
I use the rsi in a completely different way. Instead of reading over bought and over sold. I see these levels to buy when the rsi is in the upper zone etc
exactly when there is high volume ..i.e. the first 30 minutes of the trading day..a RSI over 70 shows a possible continuation of an up trend.. when the volume decreases then the RSI is overbought and oversold
Great video! Assuming you're a day trader specialising in Gold/silver (trend trading), what settings should you have? 14 days or 7 days? And should the chart be in 1 minute or 5 minutes?
RSI is using a past record as an indicator for the present. What about "Past performance does not guarantee future results"? The economy enviroment for 1/1 - 1/7/2024 could be totally the opposite of that for 1/1 - 1/7/2025
Hello and thank you for reaching out. While we can only offer limited support through social media, our specialists are happy to assist. To discuss your concern with a broker, please call 800-435-4000 or initiate a secure chat session on Schwab.com, available 24/7 ^CH
Because every TF measure different time units per reference nr of candles (example setting RSI @ 14). What you see as "violent move" in 1m timeframe can be a smooth move in higher timeframes, like 1h timeframe candles in 1m TF = 14 min, while 14 candles in 1h = 14h. So what happens in 14 minutes in 1m TF, affects in a very minor way what happesn in 1h TF.
@@mihaipredescu yes that's right but it's doesn't explain that in the video,, for a good and complete rsi or any indicator analyze,, you need to check more than one TF
Completely wrong. Indicators remove the "emotional" nature of entering or exiting a position that could trigger catastrophic loses--blowing-up accounts.
I have played stock close to 30 years, none of those methods are working to predict stock price UP or DOWN, because STOCK PRICE IS CONTROLLED BY INSIDER OR A BUNCH OF GAINT FINANCIAL GROUPS !
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
really good tutorial
Excellent video, I’m looking forward to the next one!
Thanks Sir
thanks a lot, this was really helpful
oh my god, I just started trading and I just came here to know what RSI means cause I always hear it on youtube, and I didn't know that my strategy is already using RSI itself, no wonder I haven't lost my money the past few days yet
Thank you. Pls let me know if you have a course/series on technical analysis. I would love to enrol in it. Or, pls sugget me the best place to learn it online. I would like it to be exactly like this video with crystal clear explanations.
Yes, we do have a number of courses, which you can find by going to Schwab.com, then point to the 'Learn' tab, then select a course under the 'Insights & Education' column header. ^MF
There are learn to trade books on youtube for free......start with the basics.....After 3 .5 years the only TA i find useful is volume and price action/candlesticks.4 hour chart is good for price action.
Dear, you have prepared information on a very good topic. But I have a question, please guide me, how did you get the chart shown in the video through this AI software or is there any source like Trading View Chart through which we can show such a chart in the video which will help in preparing the video. .
Great video ❤
Can you tell what the RSI will be if price up to certain level?
Kevin. You could look up the formula for RSI (web search) and experiment with the parameters to see if you get what you are looking for. It's not something I've tried to do myself. ^CH
@@CharlesSchwab Thanks a lot! It takes days to get to the high price, formula may not work.
Fantastic, thank you very much Sir for this enlightenment
it works only on history)) and on paint graphics, not in only real market
Ok brokie 😢
Not true, it has to be used with other confluences
You have to pay attention to the volume.
Cool but how do you know when a stock is overbought/oversold if the RSI value is something like 0.00089?? How do you know where the 30 and 70 is?
When you add RSI to your chart it will put it in there for you as a default. Each day will show the value if you mouse on it. If a value is below 1, it's very low in the oversold area.
The RSI is a rangebound indicator, bound between 0 and 100, so the 30 & 70 range lines will always be in the same place. The values can be changed by editing the study in the thinkorswim desktop platform. A value of 0.00089 would be oversold. ^BW
Hahaha sounds like your trying to trade on Robin Hood
The settings please
3:22 Another event that RSI can't factor in is Elon Musk's tweets
That’s a fundamental
And a whole lot more events...
Thsnk you
didn't the other video get taken down??
why did it get taken down??
We needed to rebrand our videos as Charles Schwab which is why we had to remove other videos. ^BC
I use the rsi in a completely different way. Instead of reading over bought and over sold. I see these levels to buy when the rsi is in the upper zone etc
exactly when there is high volume ..i.e. the first 30 minutes of the trading day..a RSI over 70 shows a possible continuation of an up trend.. when the volume decreases then the RSI is overbought and oversold
Only chart I need really
How do you define gains or losses?
You lock in gains when you sell at a profit. You lock in losses when you sell for a deficit. ^CH
very good keep it up.
Thanks so bro you good
Great video! Assuming you're a day trader specialising in Gold/silver (trend trading), what settings should you have? 14 days or 7 days? And should the chart be in 1 minute or 5 minutes?
Here's a great webcast from Schwab Coaching that will more clearly explain how to use RSI. ua-cam.com/users/livenChG8BTpzdY?si=QX8UwBqmf1_nWk2K ^BW
RSI only work on higher timeframe H1 H4. Below than that winrate as low as below 50%.
If it were that simple!
it is
RSI is using a past record as an indicator for the present.
What about "Past performance does not guarantee future results"?
The economy enviroment for 1/1 - 1/7/2024 could be totally the opposite of that for 1/1 - 1/7/2025
Do you have a product or service, where an individual can put stocks into a basket and create a personal ETF?
Hello and thank you for reaching out. While we can only offer limited support through social media, our specialists are happy to assist. To discuss your concern with a broker, please call 800-435-4000 or initiate a secure chat session on Schwab.com, available 24/7 ^CH
Each time frame looks different on rsi
Because every TF measure different time units per reference nr of candles (example setting RSI @ 14). What you see as "violent move" in 1m timeframe can be a smooth move in higher timeframes, like 1h timeframe candles in 1m TF = 14 min, while 14 candles in 1h = 14h. So what happens in 14 minutes in 1m TF, affects in a very minor way what happesn in 1h TF.
@@mihaipredescu yes that's right but it's doesn't explain that in the video,, for a good and complete rsi or any indicator analyze,, you need to check more than one TF
Price action is better
they dont call it RSLie for nothing
all indicators are useless
I like you guy
If you don’t know how to use them.
Completely wrong. Indicators remove the "emotional" nature of entering or exiting a position that could trigger catastrophic loses--blowing-up accounts.
Why???
Operator error
I have played stock close to 30 years, none of those methods are working to predict stock price UP or DOWN, because STOCK PRICE IS CONTROLLED BY INSIDER OR A BUNCH OF GAINT FINANCIAL GROUPS !
Not useful information market maybe not go to 70 or 30 it happen sometime to overbought or sold
Then why are you on You tube ?you could use your this Idea ad become millionaire 😊😊
He's explaining for people like you who are the most ignorant and negative in every aspect of life.. it's not for him 😂😂😂
They are tho 😂😂😊😊 They're actually worth a hundred and forty nine billion 😂😂