RSI with Divergency MT4 Indicator

การจัดอันดับของโบรกเกอร์ตัวเลือกไบนารี:
  • Binarium
    Binarium

    อันดับที่ 1 ในการจัดอันดับโบรกเกอร์ตัวเลือกไบนารี!

  • Binomo
    Binomo

    อันดับที่ 2 ในการจัดอันดับ! นายหน้าที่เชื่อถือได้

RSI Divergence indicator for MT4

With RSI Divergence Indicator you are able to anticipate a coming change in the trend. Relative Strength Indicator is leading indicator for a trend change!

When divergence arises between RSI indicator and the price it means that forthcoming end of current trend is near. RSI divergence Indicator signals will appear in advance of a trend change. But be careful as RSI divergence is not very good at exact indication of a trend change. The divergence signal may show at exact time when trend changes, or several hours, days, weeks before the trend change. Technical traders usually use the RSI Divergence Indicator as an early warning system to enable them to get ready and prepare for a forthcoming trend change.

When the RSI Divergence Indicator and chart price line moves in the same direction we have a confirmation that the existing price trend is unlikely to change. We can get the same information from just looking at the chart, so these signals are not very important BUT when the RSI line slopes differently from the price chart line, a divergence happens. When RSI Divergence Indicator indicates this change below the 30% area on the RSI, or forms a peak above the 70% level, they are most reliable indications of a Divergence.

Divergence signals give an advantage to the trader by confirming an entry in the bullish or bearish trend. It can be used to get out of an trend when it weakens. Divergence signal does not occur each and every time when a trend changes, but when it does, it will deliver a strong confirmation that a trend change is coming.

RSI Divergence Indicator (Need help)

Hello guys. Thank you for visiting this thread.

Well, I’ll be straight forward to the point. I’ve been playing around with different strategies. Currently, testing RSI Divergence strategy, with few other indicators, which I’d soon recall and post the strategy after its successful completion. Although, this isn’t a unique strategy made by me, it’s however all over on the Internet already. RSI Divergence is really interesting, when you see how this strategy works. And I think it has really great potential.

So, the following indicator is a free indicator that I’ve found. What it does is alert you for classical and hidden divergences, whenever any. I’ve been trying to modify it to my terms, so it can work with my strategy. However, the problem is, it releases too many unreliable signals, for example whenever there’s a divergence, it alerts you. But TRADING divergence alone cannot be reliable, as it has to be confirmed with few other indicators too, and the criteria for your strategy to trade with.

I’m posting it here, you can enjoy it. I’ve added one extra feature to it, to get notified of signals with push notifications to your phone. But it’d be really helpful, if any of you with some coding skills can modify this for me, and FOR others to benefit from this, by kindly adding a feature to notify of only certain divergences at certain RSI levels, for example, 68 and 32.

Divergence formed at these levels, only then should the indicator alert you. And add into settings as true/false, for this feature to work.

Hopefully people take this in positive manner. Lets help each other with what we have got.

การจัดอันดับของโบรกเกอร์ตัวเลือกไบนารี:
  • Binarium
    Binarium

    อันดับที่ 1 ในการจัดอันดับโบรกเกอร์ตัวเลือกไบนารี!

  • Binomo
    Binomo

    อันดับที่ 2 ในการจัดอันดับ! นายหน้าที่เชื่อถือได้

Best divergence indicator?

I would like to hear peoples opinions on the best indicator for divergence on the daily charts. I have been looking into the use of Money Flow Index for this, aswell as for overbought/sold levels. Any input would be appreciated!

I would like to hear peoples opinions on the best indicator for divergence on the daily charts. I have been looking into the use of Money Flow Index for this, aswell as for overbought/sold levels. Any input would be appreciated!

Divergence is tricky because it comes in markets that are trending and indicators tend to diverge for long periods of time. As far as indicator selection goes, it is all very personal. I like to use RSI as it has stood the test of time for me, however i will rarely trade in the direction of the divergence unless many other factors line up including time cycles. I rather look to fade these divergence signals at appropriate retracement levels coupled with positive or negative reverse divergence signals thaqt go with the original trend.

One option if you are looking to trade in the direction of the divergence is to look for divergence signals on higher timeframes and then drop down in timeframe for entry in direction of divergence once lower timeframe is showing a trend in that direction. Just know that you are trading against the larger trend and make sure to respect stop levels and keep leverage at an appropriate level.

การจัดอันดับของโบรกเกอร์ตัวเลือกไบนารี:
  • Binarium
    Binarium

    อันดับที่ 1 ในการจัดอันดับโบรกเกอร์ตัวเลือกไบนารี!

  • Binomo
    Binomo

    อันดับที่ 2 ในการจัดอันดับ! นายหน้าที่เชื่อถือได้

ตัวเลือกไบนารีและอัตราแลกเปลี่ยน
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: