I'm posting this more as a record than anything else.
It's just a little theory/hypothesis I'm observing/using for use when rallies occur and indicators throw out false signals
.
Once the rally is under way the StochRSI begins to diverge off of the first peak.
Subsequent intersections with the divergent trend line in the StochRSI indicate price spikes...internal wave highs.
ie the price spike will not come with the StochRSI maxing out anymore...it comes when it hits the trend line.
It helps as it can indicate a spike high before the next bar has arrived and failed below it for confirmation.
Just a hypothesis but I've used it to effect in yesterdays and recent rallies.
It's just a little theory/hypothesis I'm observing/using for use when rallies occur and indicators throw out false signals
.
Once the rally is under way the StochRSI begins to diverge off of the first peak.
Subsequent intersections with the divergent trend line in the StochRSI indicate price spikes...internal wave highs.
ie the price spike will not come with the StochRSI maxing out anymore...it comes when it hits the trend line.
It helps as it can indicate a spike high before the next bar has arrived and failed below it for confirmation.
Just a hypothesis but I've used it to effect in yesterdays and recent rallies.