RSI Divergency Indicator

RSI Divergency is a very simple forex trading indicator. You can use this forex trading indicator to trade in time frames like 15 minute or higher. RSI Divergency assist trader to trade for scalping or swing trading. Althought RSI Divergency is too simple in appearance but this tool has powerful trading signals.

Relative Strength Indicator can be used to detects trend change and usually it anticipates a change in the market trend. When divergence pattern appears between the price bars and RSI indicator,  it means that the market trend is close to change direction. Technical traders usually use the RSI Divergence Indicator as an early warning system to prepare for a upcoming trend change.

After the installation of RSI Divergency indicator is correctly installed in your MT4 trading platform, the main chart window should look like this:

RSI Divergency Indicator

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