Silver with a huge drop came out of a 30-40 day equilibrium ratio level. Could be continuing because ratio spreads are not stationary but I'd rather speculate against that.
LONG XAGUSD, SHORT XAUUSD to make the spread. Ignore the stoploss they were default.
Using RSI correlation with prices, we can detect bearish/bullish divergences and overall hint at soon big price movements. here i use a 20 minute meaning it compares the correlation within the last month.
Tomorrow's CPI have high expectations which I think it will not meet. Using a OLS regression model, I believe the CPI will actually decline around 0.1% to 0% which is less than forecast on forexfactory.
Bullish divergence on RSI, MACD might crossover, profit target at the 200 EMA level
I was just toying around today with the PINE scripts and wanted to see if I can improve the existing Bollinger Bands by making the lower band more support than the traditional squeeze & break.
Here's what I came up with and I put up an example of trading opportunities in $AAPL.