If you're trading on MetaTrader 4, you might've heard about the RSI (Relative Strength Index) and its power in identifying market trends. But have you ever considered how RSI divergence can sharpen your trading strategy?
RSI divergence is simply a way to highlight the discrepancies between price action and the RSI indicator. When you notice this divergence, it could signal potential reversals or continuation patterns, depending on the context.
With our RSI tool, you can easily spot these divergences or convergences between the last two peaks on your chart. It's a straightforward addition to your trading toolkit that can enhance your decision-making process.
You also have the flexibility to customize your RSI settings. Choose the icon size that works for you, and set your excess limits based on your trading preferences.
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