RSI divergence.

Discuss RSI divergence. at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi All divergence in all time frames !! waiting coments Regards Satya...


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  #11  
Old 26th September 2007, 11:11 PM
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Default Re: RSI divergence.



Hi
All divergence in all time frames !!
waiting coments


Regards
Satya

Last edited by satya_pinku2003; 29th May 2008 at 05:08 PM.
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  #12  
Old 26th September 2007, 11:17 PM
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Default Re: RSI divergence.

correct me if i'am wrong but should'nt divergences be seen in a 14 bar period, if so the daily divergence is invalid but the hourly is bad, I mentioned the same in Ashish's thread
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  #13  
Old 26th September 2007, 11:34 PM
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Default Re: RSI divergence.

Hi
Czar what i know is price is moving ahead of its mean
Can you please tel why we should not consider 14 bar period
again why daily divergence is invalid ??

waiting your comments


Satya
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  #14  
Old 27th September 2007, 04:08 PM
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Default Re: RSI divergence.

Hi satya,

weekly and daily are too early to be considered as divergence. Let time unfold it.
Well, hourly is in divergence, i agree , see the higher time frame i.e. daily is in uptrend.
So this hourly bearish divergence is not a valid trade as is against conservative style.
Yeah! if u r agressive trader, u can bet on bearish divergence , but it is better to be conservative and go with the trend. Because:

there are old and bold traders, but there are very few old bold traders!!!!!!!

AUM,
Winston
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  #15  
Old 27th September 2007, 05:11 PM
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Default Re: RSI divergence.

Quote:
Originally Posted by winstonn View Post
Hi satya,

weekly and daily are too early to be considered as divergence. Let time unfold it.


AUM,
Winston
Hi
Winston thanks for reply .... when we say divergence is valid one ?? once price make a top
as weekly and daily has not made ......??

again in which value of RSI should be used for RSI(14) or RSI(7) ??

Waiting your reply

Regards
Satya
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  #16  
Old 27th September 2007, 05:39 PM
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Default Re: RSI divergence.

Quote:
Originally Posted by satya_pinku2003 View Post
Hi
Winston thanks for reply .... when we say divergence is valid one ?? once price make a top
as weekly and daily has not made ......??

again in which value of RSI should be used for RSI(14) or RSI(7) ??

Waiting your reply

Regards
Satya
My two cents:

Divergence are relative. You can see an excellent divergence, but after some time the prices may move in the opposite direction.

RSI doesn't change with the time period. ie 14 or 7 or 5 doesn't matter. In fact if you plot rsi(14) and zoom out y-axis, you get rsi(5), and vice-versa. Try that. RSI(5) zooms out the minor moves which appear dwarfed in RSI(14). Thats it.

Praveen.
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  #17  
Old 27th September 2007, 06:53 PM
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Default Re: RSI divergence.

Thanks Praveen

Satya
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  #18  
Old 1st April 2008, 02:30 AM
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Default Re: RSI divergence.

Divergence observed in the Indiabulls daily. Weekly in downtrend. So is it advisable to buy close to support levels of 400 and 340 and hoping the price to climb upto the immediate resistance level of 480?
Pls clarify..

Last edited by djsinha; 26th May 2008 at 04:50 PM.
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