RSIDaily ChartsDaily
Best RSI Settings for Daily Timeframe
The Daily timeframe is where RSI signals carry the most weight. Institutional traders and algorithms often use daily RSI levels, making the signals self-fulfilling to some degree. Here are the most effective settings.
📊 Recommended RSI Settings for Daily Charts
14
Period
The original Wilder setting - designed for daily charts
70
Overbought Level
Widely watched level by institutions
30
Oversold Level
Often triggers institutional buying programs
Alternative RSI Settings by Trading Style
1Connors RSI (Stocks)
Period: 2Overbought: 95Oversold: 5
RSI(2) with extreme levels for mean-reversion stock trading.
2Position Trading
Period: 21Overbought: 70Oversold: 30
Longer period for monthly swing trades.
Pro Tips for Using RSI in Daily Charts
✓Daily RSI(14) at 30 or 70 often marks significant turning points
✓RSI divergence on daily charts is highly reliable - don't ignore it
✓Use weekly RSI for trend direction, daily RSI for timing
✓Daily RSI touching 30 in bull markets is often a great buying opportunity
✓Daily RSI can stay overbought in strong trends - use RSI(50) as bullish/bearish line
Common Mistakes to Avoid
✗Shorting daily overbought RSI in bull markets
✗Not combining with price action and structure
✗Expecting immediate reversal at RSI extremes
✗Ignoring multi-week RSI divergences
Try These Settings in VaultCharts
VaultCharts includes RSI with customizable settings. Test these configurations on your favorite markets with our free charting platform.