RSI Divergence

שלשום

RSI divergence occurs when the price of an asset moves in the opposite direction to the RSI indicator. Depending on the type of divergence spotted, this can signal a potential reversal in the market trend, either bullish or bearish.

The best RSI settings are typically a 14-period timeframe with 70 as the overbought level and 30 as the oversold level. These settings can be adjusted based on specific trading strategies.