From TradingView · · 30s
SPY 1D RSI Divergence Test
RSI divergence on SPY 1D shows no edge over same swing without it.
In brief
RSI divergence on SPY 1D shows no edge over same swing without it. RSI divergence on SPY 1D has 39.7% success rate vs 48.5% for same swing without divergence. Originally reported by TradingView.
The Claim
An RSI divergence is read as a sign that price is about to turn.
The Test
8,490 confirmed daily bars went through the open-source indicator RSI Divergence vs Random Bars.
The Result
Divergences beat same swing 39.7% vs 48.5% for no divergence.
What it means
RSI divergence on SPY 1D has 39.7% success rate vs 48.5% for same swing without divergence.
