NYMEX:CL1! Light Crude Oil Futures
I like your idea but I would prefer for myself to draw lines on the same side meaning if I draw a support trending line on the graphic I would also do the same on the indicator , here the RSI, to catch the new lows. On the tops to catch new highs and trending reverse when either price or indicator crossing trending line . Finally I think that we may have a double bottom or a new higher low.