Question re RSI - Does anyone here use RSI as a valuable indicator? After much research, I've concluded that if one is holding a portfolio of stocks (bought based on other criteria, either FA or TA), it is worthwhile to lighten up on stocks with 5-day RSI's over 70, and increase holdings of stocks with RSI's under 30.
Any thoughts on the best number of days to use for RSI's, or how combinations of short- and medium-term RSI's (say 5-day and 14-day) can be used?
TIA
Hard work often pays off over time,
but laziness always pays off right now.