Useless Daytrading Indicators - MACD and RSI: Useless Indicators but Fake Gurus Pitch them

The basics of MACD and RSI and how they work. Daytrading indicators actually do not work at all, but its good to know that they exist. Any trading program that relies on indicators or oscillators is outdated since the year 2004 or so. Still, its like learning Geometry: you will never use it, but you need to understand a couple concepts to move on in life.

Step-by-step instructions on setting up and interpreting these indicators.
Practical tips for integrating MACD and RSI into your trading approach.
How to identify bullish and bearish signals using MACD and RSI.
Real-world examples and case studies to illustrate the effectiveness of these indicators.
📊 Why MACD and RSI?
MACD is renowned for its ability to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price. RSI is a momentum oscillator that measures the speed and change of price movements, helping traders identify overbought or oversold conditions. Together, they form a powerhouse duo for technical analysis.

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