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Download RSI divergence mq4 | Relative Strength Index
This oscillator shows the internal strength of a
single instrument. It is a lagging indicator that places
weight on the average up price change (U) compared to the
average down price change (D). The formula is as follows 100 -
(100 ÷ 1 + (U ÷ D)).
The RSI oscillator can be used in a number of ways.
Most popular are:
Tops and Bottoms – If the RSI moves above 70 or
below 30 this signifies the strength of the move is peaking
and a reversal is likely to occur.
Divergence – If price makes a higher high and the
RSI fails to make a higher top then this indicates loss of
momentum and a reversal is likely to occur and vice versa.
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