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RSI Divergence Version: 1.0

RSI Divergence

RSI Divergence – indicator of classical and hidden divergences

RSI Divergence Indicator is a modified version of the indicator RSI, allowing to work not only with overbought and oversold levels, but also to find the classic and hidden divergences. The indicator is universal and can be installed on any asset and any timeframes.

Characteristics of RSI Divergence Indicator
Platform: Metatrader4
Currency pairs: Any currency pairs (recommended Major)
Trading Time: Around the clock
Timeframe: M5 - W1
Recommended broker: Roboforex, XM, InstaForex
Trading Rules with RSI Divergence Indicator
Divergence in the readings of technical indicators is considered a powerful tool for generating a signal to enter the market. That is why RSI Divergence Indicator is very popular with traders. In this case, we are dealing with a divergence in the direction of the trend lines on the price chart and on the oscillator chart.

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