Evgeniy Veresov
Indicator architect and developer
Evgeniy develops the architecture of Midas and the methodology behind its indicators, from signal conditions to alerts and exit rules. He has worked in financial markets since 2020, trading cryptocurrencies and Russian equities and developing his own grid bots. He uses Midas indicators in his own trading. His materials explain how the algorithms work, the limitations of signals and changes to the product.
Author materials
RSI Indicator vs. Midas: One Signal or a Complete Trading SystemThe RSI indicator shows one thing: whether the market is overbought or oversold. That clue is useful, but it is not a system: RSI does not see the trend, levels, or volume, and it does not tell you where to enter, place a stop, or set a target. In Midas, RSI is one of six oscillators, supported by trend, levels, volume, and liquidity. Below, we show exactly where a single line falls short and what the system adds.7 minRSI Divergence: How to Read Divergence Between Price and MomentumRSI divergence occurs when price and the oscillator move in different directions across comparable swing points. Price may make a new low while RSI makes a higher low; this is a bullish setup. In a bearish setup, price makes a new high while RSI makes a lower high. Divergence indicates weakening momentum, but by itself it does not confirm a reversal or define an entry point.11 min
