The "Hidden RSI Divergence" and a LIVE TRADEFinding regular divergences is an easy thing especially when you're using the heiken Ashi algo oscillator but finding hidden divergences can be a little bit more complex. So in today's video I'm going to show you how to find hidden divergences and what you should do with them.
Obviously step number one is go to the community scripts on tradingview and search for Heiken Ashi Algo Oscillator
If you Have any trouble finding it just follow this link
What you're watching me do in this video is identifying hidden Divergence has and I am doing a live trade.
I am also discussing the importance of setting your support and resistance levels as well as looking at your charts, doing your analysis on a high time frame and then doing your actual trades on a lower time frame.
In the previous video as I've mentioned before anything happening between the green and red or + 10 + - 10 range of the oscillator anything inside that area is irrelevant you don't care about heiken Ashi values or oscillators values or anything inside that area so when you have your RSI cross for example above the 0 level you also need a hike and as you candle to close above + 10 when you have your RSI value across below the 0 leveled you also need a heiken Ashi candle to close below the -10 level.
One thing to note is the major difference between regular divergences and hidden divergences is this.
When looking for Regular Divergence has you are looking for highs above the +10 of the oscillator or you are looking for Lowe's below the -10 level of the oscillator.
However with hidden Divergences it is different. a hidden Divergence will be the Lowe's above + 10 and the highs below -10. So at this point you are looking for the highway 6 or the low wicks in those areas.
But ultimately you still trade them the same way. Meaning that if your RSI slope is to the down side then you have to be ready for your price to move down. If the slope of your RSI Divergence is to the upside then you have to be ready for price to move up.
I could do my best to tell you in this dialogue how to do this trade however it would be best for you to just watch this video and ask questions below.
