Hi,
Can some one please help me with an indicator that alerts on following
look for in the chart a divergence between price action and indicator levels.
The RSI must be at an extreme level or further and Once price has reached this extreme level, we want to see a pull back and then a lower low made in the next 1/2 hour or so. Corresponding to this lower low of price, we need to have a less extreme reading on the RSI(14). Ideally want the divergence to generate an entry signal at one of S/R levels.
Thanks,
DG
Can some one please help me with an indicator that alerts on following
look for in the chart a divergence between price action and indicator levels.
The RSI must be at an extreme level or further and Once price has reached this extreme level, we want to see a pull back and then a lower low made in the next 1/2 hour or so. Corresponding to this lower low of price, we need to have a less extreme reading on the RSI(14). Ideally want the divergence to generate an entry signal at one of S/R levels.
Thanks,
DG