What is the Relative Strength Index Indicator

The Relative Strength Index (RSI) is one of the most popular indicators in the market.
The Relative Strength Index, developed by J. Welles Wilder. RSI is a leading indicator that is used to predict where to buy and sell the shares to get the maximum profit.

The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. Signals can be generated by looking for divergences and failure swings. RSI can also be used to identify the general trend.

How to buy a stock using RSI in Intraday
Swing traders who cut losses quickly by aiming at smaller gains fix their RSI timeframe to 14 periods but that isn’t guaranteed to work for each and every day trader. After researching the impact of altering timeframes on RSI, traders can achieve the best RSI settings for intraday which is suitable for them.

So basically, what we are doing here is checking that a stock is strong and having good relative strength on a large timeframe, however when corrections come in a small time frame, we use those corrections to enter a stock.