To use the Relative Strength Index (RSI) indicator, follow these steps:
It's important to note that the RSI is just one tool a**** many in technical analysis and should not be relied upon solely for making trading decisions.
Always consider other factors, such as market conditions, news events, and fundamental analysis, before making any trading decisions. Regularly monitor the RSI levels for potential changes in trend or price momentum. Remember, the RSI is not a foolproof indicator and can sometimes provide false or misleading signals. It is essential to practice risk management and have a well-defined trading plan in place when using the RSI indicator or any other technical analysis tool.