NEXT RSI Divergence Play: Key Concepts
- NEXT RSI is a low-lag, volume-weighted momentum oscillator that often precedes price action
- Divergence play resets at each open (do not count prior session's highs and lows)
- Use as you would other divergence strategies: higher price highs, lower NEXT RSI highs = bearish; lower price lows, higher NEXT RSI lows = bullish
-Use a preset TP / SL and/or close if NEXT RSI retraces back to last relevant high or low
Target Market:
-
AAPL 10R Chart
- can be used with almost any market; volatility helps
Order Management:
- Enter on forming divergence, 2 or more clearly separated peaks or troughs
- TP / SL at 30 cents (AAPL)
- Exit if price retraces to the last NEXT RSI top or bottom referenced when opening the position
Optional:
- Additional NEXT RSI strategies can be discovered using the free companion NEXT Strategy Visualizer
- NEXT RSI is a low-lag, volume-weighted momentum oscillator that often precedes price action
- Divergence play resets at each open (do not count prior session's highs and lows)
- Use as you would other divergence strategies: higher price highs, lower NEXT RSI highs = bearish; lower price lows, higher NEXT RSI lows = bullish
-Use a preset TP / SL and/or close if NEXT RSI retraces back to last relevant high or low
Target Market:
-
AAPL 10R Chart- can be used with almost any market; volatility helps
Order Management:
- Enter on forming divergence, 2 or more clearly separated peaks or troughs
- TP / SL at 30 cents (AAPL)
- Exit if price retraces to the last NEXT RSI top or bottom referenced when opening the position
Optional:
- Additional NEXT RSI strategies can be discovered using the free companion NEXT Strategy Visualizer
ChartVPS Technologies | chartvps.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
ChartVPS Technologies | chartvps.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.