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Strategies & Market Trends : The Art of Investing

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Dec 26 4:00 PM EST

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To: Qone0 who wrote (5970)	11/16/2022 1:53:36 PM
From: Sun Tzu	Read Replies (1) of 10713

This is another indicator that I use. I call it TCD for "Trend Convergence Divergence". Here is a basic way to use it RSI: When RSI is oversold or overbought, wait for TCD to cross above the zero line before you act. You can think of this as being somewhat similar to HSI or StochRSI in how it can be used. But it is very different in nature. In the chart below, I've marked times when RSI-8 on NDX was oversold/overbought, and then TCD crossed above/below the zero line. Again, this is meant to give a 1 bar advanced notice. After that, you use your normal trading techniques to take profits or cut losses. However, as a rule, one should stay with the position until it goes above/below the zero line.

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