Good morning Sgt.Iria,
Yes on looking closer I realise it's a probacktest. I had placed a zigzag overlay on RSI but for 2 reasons the peaks never seem to come at the same time, 1 I believe is because the RSI zigzag cannot be changed to "apply to (h+l+c*2)4" and 2. it just doesn't seem to sync. I also saw the RSI divergence on prt but this doesn't seem to identify the signal I see visually.
I guess what I need is a prosceener that identifies the last zigzag on price peak and totally disregards every candle in between until that peak is surpassed by a 2nd rise. If when that 1st peak is surpassed by the 2nd the RSI is below the value of the 1st zigzag on price peak I need the proscreener to identify that a possible trade is building, I can then observe to see the RSI value when the 2nd zigzag peak is established.
Take a look at the Dax which I entered short this morning and I'll use it has an example in line with the video.
http://i53.tinypic.com/34rymat.png
points 1 and 2 on zigzag price show the 2 peaks with higher values at which point the 2 RSI values at the same points are lower, hence the divergence.
point 3 on the chart shows a close below the lower parralel line and point 4 shows an entry at the upper bolly band.
Appreciate the help you are giving and the help any others can give me.
s2m
Yes on looking closer I realise it's a probacktest. I had placed a zigzag overlay on RSI but for 2 reasons the peaks never seem to come at the same time, 1 I believe is because the RSI zigzag cannot be changed to "apply to (h+l+c*2)4" and 2. it just doesn't seem to sync. I also saw the RSI divergence on prt but this doesn't seem to identify the signal I see visually.
I guess what I need is a prosceener that identifies the last zigzag on price peak and totally disregards every candle in between until that peak is surpassed by a 2nd rise. If when that 1st peak is surpassed by the 2nd the RSI is below the value of the 1st zigzag on price peak I need the proscreener to identify that a possible trade is building, I can then observe to see the RSI value when the 2nd zigzag peak is established.
Take a look at the Dax which I entered short this morning and I'll use it has an example in line with the video.
http://i53.tinypic.com/34rymat.png
points 1 and 2 on zigzag price show the 2 peaks with higher values at which point the 2 RSI values at the same points are lower, hence the divergence.
point 3 on the chart shows a close below the lower parralel line and point 4 shows an entry at the upper bolly band.
Appreciate the help you are giving and the help any others can give me.
s2m