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  • RSI Divergence

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    LAM CO
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    RSI divergence occurs when the relative strength index (RSI) and price move in opposite directions, such as when price reaches a new high but the RSI does not, or when price reaches a new low but the RSI does not. This divergence can signal a reversal in the existing price trend. More information on RSI divergence, including a cheat sheet, can be found at the provided sources.

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    RSI Divergence

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    RSI divergence occurs when the relative strength index (RSI) and price move in opposite directions, such as when price reaches a new high but the RSI does not, or when price reaches a new low but the RSI does not. This divergence can signal a reversal in the existing price trend. More information on RSI divergence, including a cheat sheet, can be found at the provided sources.

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    © All Rights Reserved
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    179 views1 page

    RSI Divergence

    Uploaded by

    LAM CO
    RSI divergence occurs when the relative strength index (RSI) and price move in opposite directions, such as when price reaches a new high but the RSI does not, or when price reaches a new low but the RSI does not. This divergence can signal a reversal in the existing price trend. More information on RSI divergence, including a cheat sheet, can be found at the provided sources.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
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    RSI Divergence

    Simply put, as defined by Investopedia.com, "divergence in an uptrend occurs when price makes
    a higher high, but the indicator does not make a higher high. In a downtrend, divergence occurs
    when price makes a lower low, but the indicator does not make a lower low."

    Source: http://www.investopedia.com/articles/trading/08/price-momentum.asp

    COMPLETE cheat sheet can be found here - http://www.babypips.com/school/high-


    school/trading-divergences/divergence-cheat-sheet.html

    Daily .csv data from 2006 to present - bit.ly/psemonitordata


    Spark Profit - Play for FREE, Earn for REAL - http://bit.ly/SparkProfitGames

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