Question -

Trading using RSI divergence technique?

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5 Answers
Christopher Campbell
Answered 3 years, 1 month ago
<p id="isPasted">First understand how RSI is calculated. Because it is very essential. It is a momentum indicator , which calculates the strength of the trend.</p><p>Relative Strength Index Definition</p><p>The Relative Strength Index (RSI) is one of the most popular indicators in the market.</p><p>The RSI is a basic measure of how well a stock is performing against itself by comparing the strength of the up days versus the down days. This number is computed and has a range between 0 and 100. A reading above 70 is considered bullish, while a reading below 30 is an indication of bearishness.</p><p>The …</p>
6 Views
Albert Buchholtz
Answered 3 years, 1 month ago
<p><br>Everybody has different strategy to use RSI on technical chart, some people buy when RSI goes to 30 that is over sold zone and some sell when it goes to 70 over bought zone. I personally use 60–40 when it goes near 60 i buy for swing trade and sell . I am planning to make video on it and upload on my telgrm channel soon , flw me there to get updated , Green Leaf Traders &amp; Advisors cheers for future trading go with trend.</p>
5 Views
Harvey Brown
Answered 3 years, 1 month ago
<p><br>Trading RSI divergences are a few of the most profitable strategies. I do it manually, don't see any scanner for the same. I am on the verge of creating an RSI divergence scanner myself.</p>
4 Views
Richard Cross
Answered 3 years, 1 month ago
<p id="isPasted">RSI is an improvement on Rate of Change and Stochastics indicators because it removes the “take away” effect of early data. Because it is a ratio, it eliminates the problem of needing large amounts of historical data. But because a ratio is being used in its calculation, it is more volatile and erratic.</p><p>Shorter RSI periods result in a large number of whipsaws. Longer RSI periods result in more reliable signals but they not as profitable as other indicators.</p><p>Indicators can depict support and resistance, momentum, trend, etc. but tomorrow can always be a reversal.</p><p>As for divergence, if you …</p>
3 Views
William Cummings
Answered 3 years, 1 month ago
<p id="isPasted">RSI Divergence occurs when the Relative Strength Index indicator starts reversing before price does. A bearish divergence consists of an overbought RSI reading, followed by lower high on RSI. At the same time, price must make a higher high on the second peak, where the RSI is lower. In a bullish divergence situation, there must be an oversold condition on the RSI, followed by a higher low on the RSI graph. Simultaneously, price must form a lower low on the second peak. There are two types of Divergence-Bullish &amp; Bearish</p><p>Technique to use RSI Divergence</p><p>Trade Entry Technique #1 – …</p>
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