DislikedNice chart, 1M is too quick for me, do you think it will work at 1HR TF too? thxIgnored
Hey Lazy this definitely can used on a higher time frame. Especially confirming KEY zones. I would suggest tight Stops with it thou. I have never really done high time frames but the idea still applies and I would say be even more accurate minus news events, just watch the lower TF's for weakness.
Thats a whole new topic, news events, which is why I shy away from higher timeframe trading because of the volatility that news events give. But way, either studying the principle can be applied.
I will attach a break down I developed to understand the principle of CVI compared to PRICE and when to identify weakness/strength
Attached File(s)
CVI-Divergence.xlsx
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Learn, a forex trader must, unlearn and relearn he will.
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