Divergences strategies signal a potential reversal point because directional momentum does not confirm price. A bullish divergence occurs when the underlying market makes a lower low and RSI forms a higher low. RSI does not confirm the lower low and this shows strengthening momentum. A bearish divergence forms when the market records a higher high and RSI forms a lower high. RSI does not confirm the new high and this shows weakening momentum. Takashi Divergence signal is more complex to set up and is recommended for advanced traders.
After adding this signal on TradingView, you will get notified every time the price movement goes on a different direction from RSI movement, creating a bullish or bearish divergence. It allerts you of potential entry points for long and short (non-standard inputs) term trades.
This algorithm takes in consideration Volume Levels, Support & Resistance, RSI, and Volatility Movements.
The contents on this website are for informational purposes only and do not constitute financial, accounting, or legal advice. The information shared here may not be appropriate for everyone. By using Takashi Signals, you agree to hold us harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this website. We do not make any warranties about the completeness, reliability and accuracy of our signals for the Tradingview platform. Any action you take upon the information on this website is strictly at your own risk and we will not be liable for any losses/damages in connection with the use of this website. This website is NOT affiliated with, funded, or in any way associated with TradingView.