here i added a moving average - any kinda momentum indicator will present the weakness of the current direction.
If these are charts concerning RSID Failure Swings, Do you intend to answer this question, MarkBrown? If they are not, no response required, lol. What triggers a buy or a sell to open?
here i added a moving average - any kinda momentum indicator will present the weakness of the current direction. see the new picture in the post above this one. so once you have the divergence the market may continue to drift - you wait until it shows weakness in it's current direction - then look to any type of momentum indicator to change direction. m
The RSID Failure Swing per the rules would be interesting to see backtested. Here's a link to a presentation that posts the need for a "neckline". "RSI Failure Swing: Trading the RSI the Wilder Way!" https://www.elearnmarkets.com/blog/rsi-failure-swings/
You understand how information get's hidden in time charts and you're getting closer to figuring out the closest to perfect setups possible, it's not bad stuff man.