RSI Bollingers plus divergence 15 Min
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Thread: RSI Bollingers plus divergence 15 Min

  1. #1
    hi

    that this is a superb trading system that consistently yields high pips.

    Tools: 15 MIN CHART, 30 MIN CHART,
    BOLLINGERS (20,2) on price,
    BOLLINGERS (20,2) on RSI (use'first indior's' data)
    14 EMA
    160 EMA
    RSI (4 interval )
    GBPUSD pair

    doesn't need SR (intrinsic to platform )

    works with regular and concealed divergence.

    Step 1

    spot a divergence. (bullish or bearish)

    step 2 make sure that the divergence is at the direction of this 14 EMA

    step 3. Open position when(as) that the RSI crosses its CENTER BOLL. (that the CENTER BOLL cross eliminates fakeouts.)

    Step 4 leave with 80 percent after first 2 candles.

    Step 5 close place (20%) when 14 EMA turns against your position.

    thats it! . Works like a charm.it tactics can be modified to'only take divergences that go from the direction of their 14 EMA 160 EMA for additional
    security.

  2. #2
    Quote Originally Posted by ;
    I trade something similar....divergence is a right way to go,
    nevertheless be advised that divergance by itself signifies nothing!!!
    Bollingers can help. . .if you've got a divergence at service or resistance,
    that's fantastic sign of price reversal!
    The best possible situation is a double or triple divergance!

    I coded this for personal use, it is deadly acurate, also it doesnt repaint.
    It's revealing divergence(both hiddenregular), dependent on macd stoch!

    Regards
    Hi
    Have you noticed, sometimes it vanished the arrow?

    thanks

  3. #3
    Quote Originally Posted by ;
    I trade something like....divergence is a right way to go, but be advised that divergance alone means nothing!!! Bollingers can help. . .if you've got a divergence at support or resistance, that is fantastic sign of price reversal! The situation is a divergance that is triple or double! I coded this for personal use, it's deadly acurate, also it doesnt repaint. It's showing divergence(both hiddenregular), based on macd stoch! Regards picture document
    Hello FOREXflash, thanks for sharing your divergence indior. I have been backtesting it, also it looks very promising. However, I have a question about how it works.
    I noticed that the arrows don't always paint directly as the next candle begins. An arrow paints following the candle that is next moves for a few pips of where the arrow eventually points in the direction. I would really love if you could clarify what is behind the works of this indior.

    Does it wait for a violation of a particular level for an arrow to appear? At what point do the arrows paint?

    Thanks!

  4. #4
    Quote Originally Posted by ;
    I trade something similar....divergence is a right thing to do, but be advised that divergance by itself signifies nothing!!! Bollingers will help. . .if you have a divergence at support or resistance, that is sign of price reversal! The situation is a double or triple divergance! I coded this for personal use, it is deadly acurate, and it doesnt repaint. It's revealing divergence(both hiddenregular), dependent on macd stoch! Regards image document
    Hey, how do I capture the mq4 of this indior? Should I pay for it? Is it free ? Have you got any website which you offer stuff or you bill for them?

  5. #5
    Hi

    I utilize several other setups on diferrent time frames. This is a basic installment as an intro for new traders. I ceased using it until lately. Just I have contributed, I made on average 30 pips with the initial two candles and more than 45 pips more on average.

    There aren't any hard and fast figures per se as a lot depends on the market and the individual trader's trading style and tolerance for risk as well as money management.

    What you need to do is demonion what I have revealed, and tweak it to suit you.

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