Technical indicators are what really helps in technical analysis in a chart for a security or commodity or ETF, etc. However, some indicators are more helpful than others based on the person using them. Some indicators might be better suited to a certain style of trading vs another style of trading. Some might be more for investing analysis. The RSI is an oscillator for showing overbought and oversold conditions. However, it normally doesn’t really mean all that much to see something in overbought territory. Sometimes, prices stay in overbought territory for along time. Or even in oversold territory.
If you think that using an indicator will really enhance your technical analysis and it will really help you determine the correct entry price and exit price, then your mistaken. An indicator by itself cannot do that. It can contribute to that decision. But it cannot decidedly tell you the specifics of your next trade. It can help you a little in which side of the price you want to be on. When more indicators are used, it can seem to solidify your position in entering a trade or exiting a trade only to prove that wrong after you’ve entered the trade.
Anyway, this is nothing new. it’s an well known item. Consider this just the ramblings of a bored trader. Personally, I am just not seeing the kinda of performance I’d like to see from the RSI indicator. Thinking about switching to using Full Stochastics with MACD.