RSI Vs MACD Question

Hello everyone,

I read somewhere that MACD is best used in a trending stock (uptrend or downtrend) while RSI is best used in a consolidating stock (trading sideways). Is this true or not?

Here are some of my thoughts,
1) RSI is basically useless in a trending stock because it would hit oversold (70 lvl) when the stock would actually go higher

2) MACD is bad in a consolidating stock because it utilizes MA, and when in a flat chart the MA are also not moving alot.

Your thoughts on these are highly appreciated.

Thanks in advance :cheesy:

RSI Vs MACD Question