Choice - Best Stock Broker in India
  • About
  • App
  • Services
    Services
  • Research
  • Partners
  • Contact
  • Log In
  • Open Demat Account
  • Home
  • Blog
  • ...
  • Best RSI Indicator Setting For Intraday
  • ...
    Best RSI Indicator Setting For Intraday

Best RSI Indicator Setting For Intraday

Best RSI Indicator Setting For Intraday
  • Published Date: December 21, 2021
  • Updated Date: February 04, 2025
  • By Team Choice

Intraday trading without technical indicators is like a car with a tank full of fuel but no one to drive it. You might have often heard that technical indicators help in improving the efficiency of intraday trading. One such indicator is RSI. So, let us talk about the best RSI setting for intraday.

RSI or the Relative Strength Index is a commonly used indicator by intraday traders as it is very effective in generating the right signal.

Every indicator has different settings and periods that can be used to generate the most appropriate signals. The same is the case with RSI. It is therefore important to understand the best RSI setting so that you can make the best of the intraday trading time.

So, let’s begin!


How To Use RSI Indicator for Intraday Trading?

The relative Strength Index is a momentum indicator. It helps in reading the market trends and then a trader can further look for the overbought or oversold situations.

Intraday traders can benefit a lot from the RSI indicator because the trend is essential for intraday traders and this indicator aids the observation of the same.

Although it is such a great indicator, a lot of traders often avoid using the RSI indicator. Why? Because of the lack of experience and knowledge of how to use the indicator properly.

Open a FREE Demat Account in 5 Mins.

  • Free AMC for First Year
  • Low DP Charges (₹ 10)
  • No Auto Square Off Charges
  • Free Research Advisory
Open Now

So, you can easily apply the RSI indicator for intraday trading and on any stock using the FinX app of Choice. Let us have a look at how you can do that.

  • Log in to the app using your login credentials and password.
  • Now you will see a dashboard with a different watchlist. Search for the stock that you are looking to trade in.
  • Once you have selected the stock, click on the ‘chart’ option.
  • Now you will see an option of studies. Search for the RSI indicator there and select it.
Search for the RSI indicator
  • You can now select the best setting for RSI by entering the period and the overbought and oversold conditions.
the overbought and oversold conditions

You can apply and use the RSI indicator for intraday trading easily using the above steps. Now the main motive here is to know what is the best setting and how you can use it to maximize your profits.


Best Setting For RSI Indicator for Intraday

Now when you are trading in the stock market, you have different goals and also different objectives. It is important that you plan your intraday trading strategies, according to the same.

Depending on the same, you can adjust the settings of RSI. RSI, as we discussed above is used to study the market trend and decide the overbought and oversold situation. But how to determine that?

So, the default setting of the RSI indicator is 14 periods. This means that the last 14 candles or bars are used to calculate the indications. Along with this, there are certain ranges of the RSI indicator as well.

This range is between 0-100. You can set this range according to your trading goals. The lower band determines the oversold condition, and the upper band determines the overbought condition.

If we understand this more clearly if the range is set from 30-70, then 30 is the oversold situation and 70 is overbought.

The oversold situation is usually a buy signal and overbought a sell signal. But the 14 day period is usually more efficient for swing traders.

So what period of RSI should intraday traders should choose?

Although the default setting is 14, the intraday traders usually prefer a range of 8-11 periods.

Now this range is reduced to increase the sensitivity and also to monitor the market closely so that you can efficiently trade within minutes.

If you are setting a range of 70-30, then 50 is a potential buy signal.

 50 is a potential buy signal

If the range is set for 80-20, then the potential buying signal is around 60.

buying signal is around 60

Usually, it is advisable that you use two or three intraday trading indicators in certain combinations. You can check the list of the best combination of technical indicators for intraday trading to generate confirmed signals.


Conclusion

RSI indicator is one of the most used momentum indicators owing to the fact that it studies the market trend and then generates a signal.

You need to set the time period according to your own needs and investment plans. To do intraday trading it is often recommended to use shorter periods so that he/she can monitor the market with each minute.

So, once you know the best RSI setting for intraday trading, you can efficiently earn profits.

If you are also looking to earn sufficient profits from intraday trading, begin by opening Demat account today!

FAQ

What is The Best RSI Settings For 1-Minute Chart?

A common RSI setting for a 1-minute chart is 14 periods, with oversold and overbought levels set at 30 and 70. However, you might adjust the period depending on your trading style, risk tolerance, and market conditions.

Testing different RSI settings is crucial to find the one that aligns with your strategy. It's also wise to combine RSI with other analyses to confirm signals and avoid false breakouts.

How Is The RSI Indicator Calculated?

The RSI formula considers average price increases and decreases over a set period. The calculation is: RSI = 100 – (100 / (1 + RS)), where RS equals the average gain divided by the average loss for the chosen period.

Recommended for you

loading

FY25: A Year Of Strategic Expansion And Growth

loading

Garment Mantra Lifestyle Ltd Rights Issue 2025

loading

FII DII Data

loading

Crude Oil Price Forecast for Next Week

Choice Financial Services
  • Services

  • Broking & Distribution
  • Wealth Planning
  • Insurance
  • Loans
  • Capital Advisory
  • Management Consultancy
  • Government Advisory
  • Tax Advisory
  • Company

  • Our Team
  • Investors
  • Calculator
  • Careers
  • Contact Us
  • Refer & Earn
  • FAQ’s
  • Resources

  • Fundamental
  • Technical
  • Blog
  • Pricing
  • Downloads
  • News & Media
  • Offer Document
  • Track Record
  • Investor Charter
  • Investor Grievances
  • Online KYC Updation
  • Quick Links

  • Open Demat Account
  • Corporate Demat Account
  • NRI Demat Account
  • Minor Demat Account
  • Lowest Brokerage
  • Investor Charter
  • Investor Awareness
  • Watchout Investors
  • Investor's Advisory
  • Disclaimer
  • CEBPL Policies & Disclosures
  • CFPL Policies & Disclosures
  • Sachet Portal
  • Direct Pay-in

Choice International Limited , Sunil Patodia Tower,
J B Nagar, Andheri(East),
Mumbai 400099.

Monday - Friday : 08:30 am - 7:00 pm
Saturday : 10:00 am - 4:00 pm

+91-88-2424-2424

care@choiceindia.com

Google Play
App StoreApp Store
  • Made with in India
  • Privacy Policy
  • Terms & Conditions

Choiceinternational. CIN - L67190MH1993PLC071117
Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ).
Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015 , DP ID CDSL - 12066900 , NSDL ID - IN301895. Research Analyst - INH000000222
Choice Wealth Private Limited: AMFI - Registered Mutual Fund Distributor. Association of Mutual Funds in India Registration Number - ARN - 78908.
Initial Registration: 15th March 2010 Valid Till: 14th March 2027.
Pension Fund Regulatory and Development Authority (PFRDA) - POPSE52022022 | Affiliated with POP HDFC Pension Management Company.
Choice Finserv Private Limited: NBFC Registration Number : N - 13.02216

Choice Insurance Broking Private Limited: IRDAI License No: 167, License Valid Till: 29-05-2025 | Category : Direct ( Life & General )
Registered Office: Choice International Limited, Sunil Patodia Tower, J B Nagar, Andheri East, Mumbai, Maharashtra 400099.
For any Grievances / Queries email at ig@choiceindia.com & care@choiceindia.com | Online Dispute Resolution Link: https://smartodr.in/login

Cautionary Message :

  1. Sharing of trading credentials – login id & passwords including OTP’s:- Keep Your Password/Pin and OTP’s private & confidential to avoid any misuse or unauthorised trades. Please ensure that you do not share it with any one.
  2. Trading in leveraged products like options without proper understanding, which could lead to losses
  3. Writing / selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks
  4. Dealing in unsolicited tips through Whatsapp, Telegram, YouTube, Facebook, SMS, calls, etc.
  5. Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers

Disclaimer:
1. *Investments in securities market are subject to market risks, read all the related documents carefully before investing.
2. In addition to client based business, we are also doing proprietary trading.
3. Brokerage will not exceed the SEBI prescribed limit.

Research Disclaimer and Disclosure inter-alia as required under Securities and Exchange Board of India (Research Analysts) Regulations, 2014

Choice Equity Broking Private Limited (“CEBPL”) is a registered Research Analyst Entity (Reg. No. INH000000222 ) (hereinafter be referred as “CEBPL”). (CIN. NO.: U65999MH2010PTC198714).

Reg. Address: Sunil Patodia Tower, J B Nagar, Andheri(East), Mumbai 400099. Tel. No. 022-6707 9999 .

Compliance Officer: Mr.Prashant Salian. Tel. 022-67079999 - Ext-2310
Email- Prashant.salian@choiceindia.com

Grievance officer: Deepika Singhvi Tel.022-67079999- Ext-834.
Email- ig@choiceindia.com

Research Disclaimer: Investment in the securities market is subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

© Choice International Limited. All Rights Reserved.