Vijay D - Smart Order Block + RSI Divergence Reversal Suite

Indicators Used in the Setup
Order Block Detector [LuxAlgo]

Settings: (5, 3, 3), 1 Wick

Function: Highlights institutional order blocks to identify high-probability supply/demand zones.

Chart Insight: Multiple bearish order blocks marked in red between $186–$194, confirming strong overhead resistance. Price is reacting at the lower boundary (~$183.75), showing signs of rejection.

RSI Divergence Indicator (14)

Settings: 14-period RSI

Function: Detects bullish and bearish divergences between price and RSI.

Chart Insight: Bullish Divergence identified — price made a lower low while RSI made a higher low, signaling a potential trend reversal or bullish bounce.

QQE MOD

Settings: (6, 5, 3), Smoothing: 6.5, RSI Length: 14

Function: A momentum oscillator derived from RSI with smoothing and histogram representation.

Chart Insight:

Histogram flipped from red (bearish) to blue (bullish).

Bullish transition suggests increasing momentum in favor of bulls.

TSI – BB (EMA) + Dispersion

Function: Combines True Strength Index with Bollinger Band (EMA-based) and dispersion overlays.

Chart Insight:

TSI is rising toward midline with narrowing dispersion bands.

Indicates a potential volatility contraction before an expansion — likely upside if TSI crosses above signal.