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How reliable is the RSI indicator for stocks?

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How reliable is the RSI indicator for stocks?

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  1. As with any technical indicator, you should measure it against the stocks you are interested in to see if it provides useful information.  If you have a trading platform, you can back test RSI against your stock picks.  Otherwise, compare the RSI against the stocks on your watchlist at the end of each week.

    A good rule of thumb is to select at least two but not more than three indicators.  A single indicator by itself is not reliable.


  2. There is no guaranteed indicator. However I do follow the RSI when trading. It's good, but don't rely 100% on it.

    RSI

    http://www.investopedia.com/terms/r/rsi....
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