RSI Divergence Indicator

RSI Divergence Indicator

RSI Divergence Indicator generation III  is modern indicator with complex mathematic algorithm (BJF Trading Group innovation). You will see divergenses on the chart and indicator. Arrows painted above/below the open bar and not in the past. You can see when actually you can trade. It is never to late! Signals based on closed bars so the arrows above/below open bar never disappear.

RSI Divergence Metatrader Indicator shows fractal divergence by RSI indicator. When divergence arises between RSI indicator and the price it means forthcoming end of current trend. The signal to buy comes when new Low-fractal is below the previous one, and corresponding RSI meaning is above the previous one The signal to sell comes when new Up-fractal is above the previous one and the corresponding RSI meaning is below the previous one. The indicator has a lot of customizable settings.  

RSI Explanation Video