Why use both RSI and MACD when they both are momentum indicators?

Tytanowy Janusz

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Quote from: enawati on July 11, 2018, 09:01:33 PM

RSI/ Relative streng index and MACD is one of the good indicator to indicate the price in oversold or overbought, and the price has potential to reversal. Usually this indicator will work better when the market on consolidation, and dont work perpect when the price bull run. These indicator is good to use for day trading.

Are you daytrading? I am and i've never seen good buy signal from macd on crypto - rsi is right only if market is in specyfic condition- mostly dont. Daytrading is too easy to speculate for big players. They buy when its cheap and sell when they see good demand (good demand is when macd or rsi is giving buy signal because TA lovers are buying) so when you buy on rsi/macd buy signal you are buying from whale moment beafore correction. In daytrading i dont need to see strength - i'm grabing 0.2%-2% each trade and trade takes 5sec-3h.

enawati

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https://adonx.one

RSI/ Relative streng index and MACD is one of the good indicator to indicate the price in oversold or overbought, and the price has potential to reversal. Usually this indicator will work better when the market on consolidation, and dont work perpect when the price bull run. These indicator is good to use for day trading.

FrueGreads

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Quote from: AniketBhadane on May 05, 2018, 11:06:25 AM

I've seen in people's tutorials that they use both RSI and MACD in their charts. Since both RSI and MACD are momentum indicators, what is the advantage of using them both?

From what I've read, and from what I observe on price changes, MACD is a lagging indicator and eventually will only serve as confirmation. Of course this depends on the time frames you use, but I find the RSI to be much more reliable. I'm still just paper trading, but normally I act on RSI being oversold, and after I "submit" my trades, I will eventually see the MACD confirm that my move was correct.

Of course that you can't really use just one indicator, so you should combine a few. You will act on some, and get confirmation on others, and be more confidant in your trades that way.

AniketBhadane

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I've seen in people's tutorials that they use both RSI and MACD in their charts. Since both RSI and MACD are momentum indicators, what is the advantage of using them both?

Topic: Why use both RSI and MACD when they both are momentum indicators? (Read 117 times)