I know the divergences better with mfi rsi has a lot of error After some time you feel that rsi is a dubious project
keyhan_neowave
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What are the points of camarilla strategy? How do you know the end of a broken l3 h3 level?
ICFX
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@keyhan_neowave, L3 and H3 are reversal levels. Price typically goes over those levels and travels back to the weekly / monthly close (camarilla pivot), most of times. Often it moves between close and LH3 several times a month. LH4 are floor/ceiling levels. If broken (with weekly close on monthly camarilla) price is likely to reach LH5 breakout level. But I also use extra tools - retail traders sentiment from myfxbook. I find myfxbook positioning data one of the most reliable tools to predict future price moves. I also use trendlines and moving averages too. No oscillators at all.
@keyhan_neowave, use contrarian approach for Myfxbook Outlook Indicator...its very simple. Price moves opposite to what most of traders are doing. It takes time to laern this tool though. I apply a few methods to read myfxbook outlook data.
rsi has a lot of error
After some time you feel that rsi is a dubious project