Indicators: Rsi slope divergence
An interesting idea. Thank you for sharing it. This simple (but clever) idea could be used not only for divergences but for convergences as well.
The Indicator works like charm. It help identify a divergence, correction or retracement even before it occurs. All you need is ZigZag indication in addition.
Thank you very much for this indicator. It was like a piece of the puzzle I was missing to form a new trading method. As of this writing I am testing this method on US30 and XAUUSD I don't think it works so well. When I finish the method I want to share it with you, it is my gratitude,
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Rsi slope divergence:
Rsi slope divergence
Author: Mladen Rakic