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The Multiple RSI Divergences Technique
Creating and Coding a Strategy Based on Simultaneous Divergences
Divergence trading is a vast field and deserves more than a few articles. We will attempt a simple idea of combining just a few different RSI indicators to create a divergence signal based on at least two signals.
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The Relative Strength Index
First introduced by J. Welles Wilder Jr., the RSI is one of the most popular and versatile technical indicators. Mainly used as a contrarian indicator where extreme values signal a reaction that can be exploited…
