Appreciate if anyone can advice on setting RSI indicator for Divergence.
Not sure if i can use 30 m, 60 m, weekly or longer. Which would be better ?
Also the setting of RSI, 7 or 14 ?
Appreciate help.
Appreciate if anyone can advice on setting RSI indicator for Divergence.
Not sure if i can use 30 m, 60 m, weekly or longer. Which would be better ?
Also the setting of RSI, 7 or 14 ?
Appreciate help.
Hi Tom, I like rsi alot…after trying so many indicators over the years, its one of the few that is part of my permanent template. I am also including divergence recently to my trading, and its great…so interesting concept you have.
Take a look at my own, custom made RSI. I post my charts in my thread. It’s set to 8 with 35 and 65 as s/r…check it out, I really like it, and maybe divergences will show well.
Hi petefeder
Appreciate, but - cannot see your chart in your post ?
Your settings: RSI 8 and time frame 35m and 65m ?
35 and 65 are levels on the rsi. There are a few charts in my thread showing my rsi…
http://forums.babypips.com/free-forex-trading-systems/21453-1-500-pips-per-month-method-vsa-sr-fibb-etc.html
Great stuff mate
Greatly appreciate - Thank U
it can be good trace trend line too on the rsi
also if i don’t like indicators
What does RSI tell you that price doesn’t?
You can have divergence and still see the price continue in the “wrong” direction.
It can actually tell you a lot, it can confirm trend direction and entry/exit points