UPDATE on trading with RSI Strength over the past week. A really powerful tool particularly if you are trading tight StopLoss. Given that some assets are fast movers and some are slow, it would be prudent to say that one needs to have a relationship with at least one pair and study its behaviour. In my case I am using RSI Strength on the NAS and...

Sorry I forgot to include the divergence factor. Basically, I seek to find divergence off a higher timeframe (say D1 or H4), then I do a top-down analysis and start to chart PriceAction behaviour on lower timeframes. I will typically monitor m1 chart to inform me of immediate PA behaviour. If the pullbacks turn into reversals on the m1 chart, I...

Divergence to me in view of "is it a a bird or is it superman"?? aka....is it a pullback or is it a reversal. I struggled with this concept. My resolve so far is that it all depends on the timeframe one trades. I particularly use 2 major ema's in the form of ema200 and ema800. I also use minor ema's, namely 5 9 30 50. (30 is a wma30, the rest...

Eric, I have done an analysis on how I use the HA Algov6 which I merged with the HoneyChai. I wanted to share the document with you so you can check it out. I've done it in a Word document with screenshots, how can I send it to you. I look for particular parameters, but I still have grey areas. I am wondering if the RSI Strength can shed some...