Short Name: I-RSI-MK-V3
Shows Divergence. A red label called R1 means a prediction of an upcoming price reversal where the price will drop. A green label called R1 means the same thing but predicts the price will go up. The H1 labels mean the price will continue the current trend, so a redH1 means the price will continue to drop.
Optionally you can use this with indicator RSI-O-V3-MARK to see the price changes that support the divergence.
1- will the red and green R1 H1 labels "push" to the chart automatically? Or will it require a chart refresh.
2-In your experience, how long after a label appears do you see the price react?
3- I understand this indicator works best on the 4 hour, but have you tried on the daily? Also, have you tested on the 2 hour?
Really keen to start using this and providing you with feedback. Thanks again!
So as with any indicator. Once you see a signal on 6 hour, then wait for signal on 4 hour and keep going down time periods until you hit 15 min - that way you know when to get in where it is most profitable.