HOW TO SET UP RSI ON TRADINGVIEW | RSI (RELATIVE STRENGTH INDEX) for BEGINNERS

HOW TO SET UP RSI ON TRADINGVIEW. In this video, I will show you how the RSI Indicator works and how to set it up. Join My Patreon:   / money_management   The RSI is also known as the Relative Strength Index or RSI Index. The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. Signals can be generated by looking for divergences and failure swings. RSI can also be used to identify the general trend. DISCLAIMER: I am not a financial advisor, and my opinions reflect mine only and no other entities. The ideas presented in this video are for entertainment purposes only and not intended as any financial advice, recommendations, suggestions, etc., despite what is stated. You (and only you) are responsible for the financial decisions that you make. English is not my first language, so please excuse my mistakes. And If you like this video, please hit the like button. It helps me a lot!