RSI Divergence Trading System: Unbelievable profit potential
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Your Guide To The Stock Market
Stochastic is a momentum indicator which shows the strength of current trend. It does so by comparing current price to the range of prices within a definite lookback period. It is an oscillator and its value ranges from 0 to , hence it can also identify overbought and oversold price levels very accurately.
It follows the speed or the momentum of price. As a rule, the momentum changes direction before price. The default look-back period is 14 days which can be changed depending on the security traded. Stochastic Divergances can also very accurately determine price reversals. Divergence occurs when the direction of the price trend and the direction of the indicator trend are moving in the opposite direction. Angel SpeedPro can display the following kind of charts: Intraday charts same day charts , intraday historical charts continuous intraday charts and historical end of day charts.
All major indicators can be added to the charts. See the iage below for an intraday SuperTrend chart. Indrajit is a professional blogger and trading system developer. Trading since , he has started the journey of StockManiacs.
He follows Indian and world stock markets closely. This system has a very high success rate and the credit for its development goes to Brad Konia, who has uploaded it in WiseStockTrader. The below image explains it in a better way:. This system has unbelievable profit potential. Even for other scrips it performs exceptionally well.
Th Annual return can increase multi-fold if you allow compounding. Download the detailed backtest report here. Excel Based Trading Systems. All the AFL's posted in this section are for learning purpose.
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