Now, I think you are getting into the area that a lot of traders get into as they say that if price goes up a certain amount it's going to keep going up. Yes, RSI can give high levels when price is rallying. Although it can nevertheless give high levels when price is going to reverse, most likely those each happen about half the time. This other thing you can try is smoothing number and trading in the direction of that line. Just because RSI goes up when price trends up higher does not mean price is going to trend higher when RSI goes high.
I was talking about something else. It is better to wait to go long for example after the line dips below the 10 line and rises back up crossing it from below. This way you get closer to your turn and can scale in less, not that scaling in is a bad thing. You could enter all of your contracts and catch the momentum up. But I am not saying that this works...just answering your example. Es
I think it’s a pretty good mean reversion indicator. If that’s how you trade. Nothing is perfect. Personally, I prefer mfi (yes, I think volume counts for something), but even then I normalize it much in the same way %b is calculated. None of these should be primary indicators though.