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Volume-Weighted Divergence Play on AAPL 10R via NEXT RSI
Apple Inc
Education
Volume-Weighted Divergence Play on AAPL 10R via NEXT RSI
By ChartVPS
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Oct 12, 2021
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Oct 12, 2021
NEXT RSI Divergence Play: Key Concepts
-
NEXT RSI
is a low-lag, volume-weighted momentum oscillator that often precedes price action
- Divergence play resets at each open (do not count prior session's highs and lows)
- Use as you would other divergence strategies: higher price highs, lower NEXT RSI highs = bearish; lower price lows, higher NEXT RSI lows = bullish
-Use a preset TP / SL and/or close if NEXT RSI retraces back to last relevant high or low
Target Market:
-
AAPL
10R Chart
- can be used with almost any market; volatility helps
Order Management:
- Enter on forming divergence, 2 or more clearly separated peaks or troughs
- TP / SL at 30 cents (AAPL)
- Exit if price retraces to the last NEXT RSI top or bottom referenced when opening the position
Optional:
- Additional NEXT RSI strategies can be discovered using the free companion
NEXT Strategy Visualizer
AAPL
Divergence
intradaytrade
momentumstrategy
nextrsi
Oscillators
rsidivergence
Support and Resistance
Volume
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