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Re: RSI Indicators for MT4

TEAMTRADER, Sat Mar 16, 2024 1:19 am

I thought this was a fantastic illustration of how powerful divergence can be on the Rsx indicator - if you patiently wait.
The key in my post is that the extreme levels are used for trap lines to show divergence more clearly, not divergences on the inner values.
This is on the 5m chart of the Dow and was almost 200 pts - so imagine if it were picked up on the 4hr or bigger timeframes. Very profitable.
TEAMTRADER
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