The default setting for the RSI is 14 days, so you would calculate the relative strength index formula as follows: Relative Strength = (overbought) Price is testing a resistance zone. Even though 14 is the defaulted setting that may not make it the best setting for your trading. Sell position when RSI touch 40 coming down from the top. Examples – Day Trading with the RSI For all you hardcore technicians, below is the relative strength index formula example. (oversold) Price is testing a support zone. Short Day Trade. Normally short - term traders use a smaller period, such as a nine period RSI… Trading Rules – Day Trading with the RSI Long Day Trade. I heard about it when I read Larry Connor’s book “Short term trading strategies that work.” In his RSI 2-period trading strategy, you’ll be using the daily candle close to the search for trading signals. Sell below any bearish price bar. 14-period RSI is below 30. Buy above any bullish price bar. 14-period RSI is above 70. The RSI was developed by J.Welles Wilder and detailed in his book New Concepts in Technical Trading Systems in June of 1978. The best RSI settings for day trading are two periods to find good setups. I’m not a lover of the default setting of the RSI indicator, so I setup RSI like this for day trading which gives me the best result for options trading also. Period = 7; OverBought = 60; OverSold = 40; and I trade on this way, Buy position when RSI touch 60 going upside from the down.

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