Post
Topic
Board Trading Discussion
Re: Bollinger Bands and RSI overbought and oversold price detection
by
goaldigger
on 25/08/2022, 21:48:37 UTC
I also consider the Bollinger Band and RSI as very useful indicators. 👍👍
They are useful on their own purpose so if you area already familiar with those indicators, that can be a big help. Those indicators are only telling the sign of overbought and oversold, to know the current trend better to use other indicators which you can also confirm by using multiple indicators. BOT in trading can be good as well, but I don’t think there’s a bot for indicators, better to understand this manually.
Every indicators serve their purpose, if you see one indicator not fit to the chart then use the other option. RSI are more popular