Share an indicator I often use. RSI accurately bottomed out and escaped the peak to identify overbought and oversold regions in stocks

$Tesla(TSLA.US)$ $NVIDIA(NVDA.US)$ $Apple(AAPL.US)$ The RSI indicator measures the relative strength or weakness of a security's price momentum. It is calculated by calculating the average of the increase and decrease. The value of RSI1 is between 0 and 100 and is generally assumed to be:
When RSI1 is above 70, the securities may be overbought.
When RSI1 falls below 30, securities may be oversold.
Since the RSI indicator is highly practical, it is loved by most investors. Although the RSI indicator has many advantages such as being able to send early buy or sell signals ahead of other technical indicators, investors should be aware that RSI can also send misleading information. Due to various reasons, the indicator also has blind spots in actual application. There is no perfect technical analysis tool in the current market, and the same goes for RSI. Compared with Futubull Niu's own RSI, our indicator can identify overbought and oversold at a glance, diverging from top to bottom, and is more suitable for newbies
The indicator cannot determine the rise or fall of the stock price; changes in the stock price are the fundamental factors that determine the operation of the indicator. The most important function of the RSI indicator is that it can show the basic trend of the current market, indicate whether the market is strong or weak, or in a sideways market, and can also roughly predict whether the peak or bottom will arrive. However, the RSI indicator can only be a signal given after observing the market from a certain perspective. What it can provide investors with is only an auxiliary reference, which does not mean that the market trend will necessarily develop in the direction indicated by the RSI indicator. Especially when the market fluctuates violently, other indicators should also be used comprehensively, so as to receive a more comprehensive trading strategy