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RSI Divergence
What is RSI Divergence?
It occurs when the price action and RSI are moving in opposite directions, suggesting an early sign of reversal.
When the price action is making lower lows while RSI is making higher lows, a regular bullish divergence forms.
This indicator detects four types of divergences:
Regular bear divergence marked in R tag above the RSI line, hidden bear divergence marked in a H tag above the RSI line, regular bull divergence marked in a R tag below the RSI line, and hidden bull divergence marked in a H tag below the RSI line.
It occurs when the price action and RSI are moving in opposite directions, suggesting an early sign of reversal.
When the price action is making lower lows while RSI is making higher lows, a regular bullish divergence forms.
This indicator detects four types of divergences:
Regular bear divergence marked in R tag above the RSI line, hidden bear divergence marked in a H tag above the RSI line, regular bull divergence marked in a R tag below the RSI line, and hidden bull divergence marked in a H tag below the RSI line.
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