Recent content by chartist17

RSI is not RS(Relative Strength) or RP (Relative Performance) when i say Weakness i m speaking of the peaks and bottoms, in other words comparing the prices with the underlaying index (RSI), and detecting any form of divergence/covergence in the OS/OB areas, the longer term charts the more...

i agree, a falling of RSI doesnt mean a falling off a trend or a signal to trade, it is an indicator of weakness no more.

in a bull market its indeed fluctuating between the neutral and overbought zone and in a bear market between neutral and oversold levels. Not sure with what you are saying (RSI is no longer a measure for divergence) .....everything is variable (in time and product) and i think you will find the...

......Does anyone else see this huge negative divergence on a WEEK chart? or do i need new glasses?