ATS RSI BULL/BEAR ZONE

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This indicator plots what is called the "Bull/Bear Zones of the rsi indicator. These zones mean nothing on their own. However, when combined with rsi divergence it can provide a higher quality trade setup.

Here is an example of how to use the RSI BULL?BEAR ZONES:

double top with the signal candle being a bearish engulfing candle that when it closed the rsi was not only showing divergence, the rsi was also inside the bear sell zone and down we go. Remember nothing is perfect not all trades win. This is just another tool to add to your toolbox and hopefully helps you find higher probability trades.

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