118# RSI Divergence with I-Gentor
Rsi Divergence Indicator
Submit by Victor 14/07/2014
RSI Divergence with I-Gentor is a forex strategy trend-contrarian but the best trades are following the trend.
Time Frame 4H Daily or weekly.
Markets: Forex, Stocks, Indicies.
I-Gentor LSMA (34-25);
RSI Divergence indicator (14 period, setting true and hidden divergence).
RSI Divergence with I-Gentor
When appears the green arrow in the window of the Rsi Divergence indicator wait that there are lines green and blue in window of the I-Gentor LSMA indicator.
When appears the red arrow in the window of the Rsi Divergence indicator wait that there are lines red andyellow in window of the I-Gentor LSMA indicator.
Profit Target ratio 1:1 Stop loss.
Initial stop loss on the previous swing.
This forex strategy is discretionary and therefore requires practice.
But it is a good one.
In pictures Rsi Divergence with I-Gentor in action.