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gitonwithit

07/24/11 3:32 PM

#80125 RE: gitonwithit #80124

One other thing I've noticed is that when overlayed with an RSI14 values between the 30/70 extremes seems to be most reliable. Say a two fib jump when the RSI14 is below 70 looks to be a good rule for a short, etc. Once they break out of the 30/70 then trending starts to happen and all bets are off.

Something I'm going to experiment with is changing the period of the RSI according to the length of the fib lines, say a .707 that's 46 bars long vs a 1.128 that's 78 bars long so take the RSI46 and compare it to the RSI78. Not sure where that'll take me but it seems like a valid comparison for divergence (I think).