Which RSI Indicator Is Best In TradingView
By Trading Automation
- Easy install — copy & attach to chart
- Works on MT4 and MT5
- Free updates
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The built-in by TradingView is the best and most reliable RSI indicator for most traders because it provides a clean, standard baseline without unnecessary code complexity or lag.
Top RSI Variations on TradingView
- Standard RSI (Built-in): The classic momentum oscillator created by J. Welles Wilder. It uses a 14-period length and Wilder's Moving Average (RMA). It is best for traditional overbought (70) and oversold (30) levels as well as regular divergences.
- Ultimate RSI [LuxAlgo]: Available in the community scripts, the Ultimate RSI [LuxAlgo] adds custom smoothing and trend coloring. It helps filter out false whipsaw signals during strong trends.
- Better RSI: The adds built-in visual features like hidden divergences, Heikin Ashi options, and RSI heatmaps.
- Perfect RSI: The includes moving average color confirmations to align momentum with price action.
Tips for Best Results
Get the robot and indicator used in this guide — free download for MT4 / MT5.
- Length Settings: Change the default 14 length to 7 or 9 if you want a faster, more sensitive response for short-term day trading.
- Avoid False Signals: Do not treat 70 and 30 levels as automatic buy or sell triggers during strong trending markets, where the RSI can stay overbought or oversold for a long time.
How to Install on MetaTrader
- Download the file and extract it.
- In MetaTrader open File → Open Data Folder → MQL4/MQL5.
- Copy robots to "Experts" and indicators to "Indicators".
- Restart MetaTrader and drag the tool onto a chart.
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