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Ive read alot on this forum about indicators being useless. However, I do think price and indicator divergence signals can be taken as a powerful trading signal.
If divergences such as RSI and MACD offers trading opportunities, why dont you guys use them? Thanks |
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Simply looking at divergences doesn't tell you WHY? Employing other methods at least gives you more insight. MACD tells you what price tells you as does RSI. Looking at divergences is like looking at a newspaper without taking it all in - sense my analogy? The talk is there, but what is in the talk? Tape reading helps.