General Does anyone use the RSI Divergence?

[DVA]

Has anyone got a specific trading plan when using the RSI? Sometimes it says oversold or overbought but then the trades don't go in the opposite direction. Any advice

 

[point70]

Has anyone got a specific trading plan when using the RSI? Sometimes it says oversold or overbought but then the trades don't go in the opposite direction. Any advice

One of my friends , a professional trader from Lebanon has used it for a while. I wouldn't say this thing is very accurate but the guy is actually doing a good job with it. If you want, I'll take some info for you ))

 

[lurhays]

Using RSI (Relative Strength Index) divergence with wave analysis is a popular approach in technical analysis for predicting potential trend reversals in financial markets.

 

[Franco1993]

Has anyone got a specific trading plan when using the RSI? Sometimes it says oversold or overbought but then the trades don't go in the opposite direction. Any advice

I suggest you use andrew pitch fork or trend line breaks it will help filter RSI false signals

 

[fundmanager]

I suggest you use andrew pitch fork or trend line breaks it will help filter RSI false signals

yes this is good advice...also use the setting for RSI 14 25/75 level

 

[jrollo]

Has anyone got a specific trading plan when using the RSI? Sometimes it says oversold or overbought but then the trades don't go in the opposite direction. Any advice

If you are consistent with it and it produces profits over time meaning it has an edge then you can make money with it as a business.

 

[will_leave]

Has anyone got a specific trading plan when using the RSI? Sometimes it says oversold or overbought but then the trades don't go in the opposite direction. Any advice

Hi, I´ve been recently reading about rsi, and it seems that is a mistake to use it in this way (oversold and overbought)