This version has an alert. Cool.
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DislikedMay I reccomend a 14 period RSI. with a 50 center line. There you will find all the divergence you need. You gotta keep it simple kid. And BTW h4 charts and up. D1 charts are possibly the most reliable. entering on those however require huge stops or get some contracts if you dont like getting whipped out.Ignored
DislikedA better divergence set up is a rsi period 9 with 50 level set up. And a cci period 14 with 50 center. When both indicators have divergence to the price you have an accurate trade. Also look for pin bars with the divergence to give you an 80% win rate. This works with price making a failed high/low and look for divergence of both indicators to the price. When both indicators are showing divergence you have a solid trade. Using 4hr and daily charts you will only have 1-2 signals per week watching 12 pairs but they'll be solid.
I learned this from a veteran trader of 40 years who uses it with currency, and commodities. This person has made tens of millions of dollars trading has worked for some banks at one time and this is one of his methods he uses all the time. ParisIgnored
DislikedHi Paris
Do you use yourself this system ?
Is there a RSI and a CCI which indicates the divergence by an alert or an arrow ?
RegardsIgnored
DislikedYes, I'm using it myself with alot of success. If you want more signals you can go to other time frames such as 1 hour, 30 min and 15 min. Best pairs are Eur/usd, gbp/usd, eur/jpy and gpb/jpy but i usually watch about 12 pairs on the 4 hr and daily. The person has been trading 40 years and has a better than 80% accuracy with this. A guy he taught uses this method exclusively and manages a hedge fund of about a billion dollars. Works very accurately with pin bars and the two indicators showing divergence at the same time. If you get 5 signals a month you're doing well. ParisIgnored