Trend and momentum

RSI divergence

15m–1H

The rules, in plain English. Ask Wicky “Is my setup here?” and it checks each one on your chart, says what’s still missing, and draws your levels.

The rules

Divergence: price makes a lower low while RSI (14) makes a higher low (bullish), or a higher high with a lower RSI high (bearish), within about 30 candles.
Location: at a support or resistance level, or a session high or low.
Trigger: a candle closes back above the last small high (bullish) or below the last small low (bearish).
Entry: the close of the trigger candle.
Stop: beyond the divergence's extreme.
Target: the next level on the other side. At least 2R.
On the chart: RSI (14) in a pane under the price.

Try this setup on your chart ›Wicky for Mac

How Wicky checks it

Hold ⌃⌥ over your chart and ask. Wicky reads the chart on your screen, on any platform, and checks every rule above, starting with “Divergence: price makes a lower low while RSI (14) makes a higher low (bullish), or a higher high with a lower RSI high (bearish), within about 30 candles”. Then it answers out loud: not yet, and what you’re still waiting for, or your entry, stop and target with the risk-to-reward, drawn on your chart and locked to it as you scroll.

Trade it a little differently? Change any rule, or write your own in plain English. Wicky checks your version, not a textbook’s.

Wicky checks your own rules. It doesn’t tell you to buy or sell, doesn’t predict price and never places trades. Trading involves substantial risk of loss. ICT and Smart Money Concepts are named to describe setups; Wicky isn’t affiliated with their authors.