Hi Jhon
Thanks for the detailed explanation. My broker unfortunately does not have the RSX indicator. Is there another indicator available that I may use for divergence?
Thanks.
Skillwill
Thanks for the detailed explanation. My broker unfortunately does not have the RSX indicator. Is there another indicator available that I may use for divergence?
Thanks.
Skillwill
DislikedHi Skillwill!
I'm not an expert on div either, but, look at this example, is on cable 15m, look at what happens when price does a new high, but, RSX doesn't, the bearish div is playing out, when RSX cross below 70 area [blue line on RSX], I'm waiting for the same scenario on Geppy, that, plus candlestick patterns is powerful tool!
Attachment
Now, take a look to daily Geppy chart, the div is not playing out yet, I mean, the RSX is on the bull camp [green], when RSX cross below 70 --> bearish div will be confirmed, otherwise, Geppy...Ignored
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