The RSI or else known as the Relative Strength Index indicator is one the most commonly used technical indicator when it comes to swing trading. The RSI swing indicator is a free tool her on tradingview and very helpful to know when overbought and oversold - the green sign is overbought and tell me to sell - the red sign is oversold and tell me to buy
Standart the numbers are 70 and 30 in the settings of this indicator, but i change them to 80 and 20 to have less trades but more corect trades! I Use this indicator only on 1 hour and 4 hour timeframe The indicater give you a sign when its oversold and ready to buy and when its overbought and ready to sell
I prefer to use this indicater together with fundamental analyses and give me more then 90% correct trades!
Hope you like this indicator and its free! Good luck
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sorry little change here the green sign is oversold and tell me to buy the red sign is overbought and tell me to sell