RSI Divergence + Reversal
I am used to look for entries bit differently, however, looks like I found something that could work with RSI Strengths.
-Wait for RSI Strengths and price divergence (RSI Strengths ~50-100)
-Confirmation with Reversal Finder indicator (sometimes enough only with RSI Strength to be ~100, without divergence)
-Can place quite tight SL
-Exit opt1 - wait for Squeeze momentum indicator by KıvanÇ to cross
-Exit opt2 - wait for Algo v6 Moving Average to cross back 10 or 0 level (tried to ride all the trend)
-Exit opt3 - wait for the MACD to cross/ histogram to change to opposite color
-Exit opt4 - use some Trailing Stop, could be very effective IMO
-All exit options shows similar results, except Trailing Stop is not visible and tested
Used on Crypto CHZ/USDT.P , 1m TF. All default settings.
Let me know what you think and what are your observations if you try this setup.
Replies
CSCFoundation
Dang i been busy with work and haven't seen this one yet ill test your method out... but one thing i noticed is the readings for divergence on the...
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2 weeks ago
CSCFoundation
Yeah .. you been saying this over and over but people have to develop that eye in order to see it sadly. Still trying to pick the right ones is...
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2 weeks ago