Is divergence on the MACD indicator valid as a divergence if the MACD has changed of side (above<> below level 0) between 2 tops?
Like shown in the example there would be clearly a divergence but between the 2 tops of the MACD, the price went under the level 0... So I do not know if that makes the divergence unvalid or not??
Like shown in the example there would be clearly a divergence but between the 2 tops of the MACD, the price went under the level 0... So I do not know if that makes the divergence unvalid or not??