Is the RSI indicator any good?

[mister ed]

	Quote:	brownsfan019
	Here's a question ... how does a thread that is well over one year old get new life? Normally a spammer would employ this and obviously not the case here, but I also wonder how/why a thread that is so old gets new life again... It's not meant to be a dig at anyone, I'm seriously just curious. I've never understood how that happens on forums.

I think it happens when someone has the good sense and skill to execute a search and find that the topic they want to discuss already has a thread devoted to it. Or, like you said, its a spammer (and not the case here). Now does anyone want to buy my $3,000 RSI system?

Moving on...

[tradeit007]

I find RSI useful to flag the end of a trend. When it tends above 80, you
can expect a pullback soon.

[forsearch]

	Quote:	tradeit007
	I find RSI useful to flag the end of a trend. When it tends above 80, you can expect a pullback soon.

Not necessarily.

If it stays in overbought or oversold condition for an extended period of time, it may be telling you that it is in a solid directional trend.

This is dependent upon the setting and input that you use for the RSI, of course.

[SunTrader]

	Quote:	zdo
	Bumped or not - in general RSI will cause far more trouble than benefit - unless one really knows how (and when!) to use it. RSI(c,2)...

Someone mentioned that a couple of years back and I thought huh?
Then I gave it a look and now I that is the only setting I use. And like others have said only in combination with other confirmation.

[forsearch]

On a daily chart, yes, RSI (Close, 2) that may be great benefit. Anyone have useful settings for intraday, tick or volume charts for the RSI?