Support Board

Date/Time: Tue, 14 May 2024 14:02:58 +0000

Post From: Hurst Inverse MA

[2015-03-15 14:05:54] Link To Thread - Link To Post [Go To First Post]
moonmist - Posts: 127
IMHO: What Handle123 means was: a) Most people use RSI(close), and compare it with the high or low of corresponding price bars to seek divergence. It is wrong. If I use RSI(close), and look for divergence signals, I need to compare this indicator with the closing price of the corresponding price bars. This is not very convenient. b) An alternative is to use two indicators: RSI(high) and RSI(low). Then, I would compare RSI(high) with high of price bars, and RSI(low) with low of price bars to identify divergence signals. The downside is that instead of one indicator, now I need to study two RSI's. In my experience, most of the time, typical price would allow me to have just one momentum indicator, and compare it with the high/low of corresponding price bars to give reasonably reliable divergence signals. Just my two cents. Date Time Of Last Edit: 2015-03-15 14:27:31