+30 pips with 15min div then sold
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Disliked{quote} sat, heres no div. You can compare slow rsi to price, in this case both go up so theres no div. Alan div or RSI div is when one RSI goes up and the other goes down, in this case theres also no div since both go up.Ignored
There are also hidden divergences which I don't know very well yet.
DislikedNo. There are 2 possibilities: Regular divergence: Price goes one way (up or down) (we use the white EMA (1)) and the slow RSI goes the other way.{image} Alan's divergence or RSI divergence: Slow RSI goes one way and fast RSI goes the other way. Sometimes they will cross, sometimes not.{image} There are also hidden divergences which I don't know very well yet.Ignored
Disliked{quote} Thank you, still struggling to understand the second chart bare with me you only compare slow with fast rsi in second chart or you compare with price as well?Ignored
Disliked{quote} Hi Alan, Can you please explain more on hidden divergence? ThanksIgnored
DislikedNice trades Riaanvw! If we have RSI div in 1h, but then it bounces from EMA, could we say we have bull support? {image}Ignored
DislikedNo. There are 2 possibilities: Regular divergence: Price goes one way (up or down) (we use the white EMA (1)) and the slow RSI goes the other way.{image} Alan's divergence or RSI divergence: Slow RSI goes one way and fast RSI goes the other way. Sometimes they will cross, sometimes not.{image} There are also hidden divergences which I don't know very well yet.Ignored