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1M Price Action System

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  • I am ICT | Demo Account XXXXXX40 Starting Nov 12, 2021
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  • First Post: Edited Jun 21, 2023 10:17pm Dec 19, 2020 1:47pm | Edited Jun 21, 2023 10:17pm
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 3,265 Posts
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​​​The Secret to Trading:
Before you even start learning to trade, see below the Secret question of trading:

Yes there is a secret trick ! but rarely people believe that it is the real secret. People think important is the method but it is not the method it is the secret + method without the secret no method will be successful.

1. The Secret:
what should be the comfortable loss per trade and how it shapes the Equity?

Loss per trade:
10% allows only 10 trades
5% allows only 20 trades
3% allows only 33 trades
2% allows only 50 trades
1% allows only 100 trades

if you have to choose your comfortable % from above one ! which one you will ?
what is the % of loss of equity/capital (not pips/amount) we willing to lose from all our equity? what % it will be from our equity lost is the secret.

Unfortunately we dont use SL and assume price has to respect my entry always.

Q: Do you want to be right or do you want to be Happy ?

Trading is such that at times losing is winning itself, keep your goal in focus i.e., secure your equity.

now ask again do you want to be right or do you want to be happy.

use stop loss !!!

if you have the answer of above question, you will not need to ask how many pips will be my SL because the lot size will be choose by the EA i shared in post # 1 because your loss is fixed in terms of amount.

now if risk management is in place which needs alot of discipline, we move to part # 2

2. How to develop discipline:

Use any prop firm demo account i.e. ftmo / mff to learn and practice that, only doing demo practice without any rules or discipline can only verify the method but with proper discipline one has to take challenges but unfortunately no one told me this but
Once we have the discipline trust me investors will be on your left and right people have funds but not skilled traders available, and at the least you can always use your own funds as the journey has taught us how to trade.


Loose pips but not the chips is the discipline one has to build a balance between fear and greed.
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Why i emphasize prop fund is rather loosing your own 2k in real account split into 10 chances and buy a prop firm challenge account of 25K equity every time at nominal price of 100-155$. Upon meeting he required monthly profit target of 10% maintaining the 5% daily draw down, if achieved which will be 2500$ will be shared 80/20 so you will still get 2K by investing a small fee of 155$ (refundable upon first withdrawal) to get 25K equity at FTMO (which is even less at MFF).

Read books and watch videos: of Mark Douglas, Tom Hoougard.


3. The Methodology: InnerCircle Trader (ICT)

List of playlist to begin from Youtube:
I Could Go Back & Tell Myself What I Know Now...
https://www.youtube.com/playlist?lis...OMmT1T2m7YpBKJ

2016 Premium ICT Mentorship Core Content Lectures:
https://www.youtube.com/playlist?lis...X0UHQUf31CAEXk

Mentorship 2022:
https://www.youtube.com/playlist?lis...jTF1PGePL3r69s

How Market Maker works:
Market Maker's Concept:
Market Makers manipulate price and trap traders because it is the only way to make massive transactions at a current price level that is desired. “Stop Hunting” a long holder triggers a Sell order because you have to sell in order for you to get out of that trade. While “Stop Hunting” a short holder triggers a buy order because you have to buy in order for you to get out of that trade to protect your account.

That's how breakout traders and stops gets activated which gives MM positions gets in while stop hunting, if still order not enough they keep on grinding till is enough of the accumulation, still not enough will manipulate to wrong side (Turtle Soup as denote by Linda Bradford Raschke/Juda Swing by ICT) until get their fills at best prices only then will give final expansion.

So basically generally before a significant move there is going to be a stop hunt of old highs/lows to caught traders on the wrong side to load their orders and only after that we should look for entries in Lower Time Frame with below rules:

Setup rules below:
1. look for a Liquidity grab alone or together with an Imbalance is rebalanced
2. wait for a BOS (break of structure) with a FVG
3. then Retest of OB (order block) is our entry.


Summary:
If I summaries what price do in three steps:
1. Price take prev. highs/lows - Stop Hunts
2. Fills the gaps
3. Expands to fill some other fvg or raid swings

While performing above price leaves FVG to fill at a later time is institutional order flow.
There are numerous PD Arrays which helps describe the price, the one i am going to use are only three:

1. Old/Prev swings highs and lows

It can be a high and low of daily/weekly/monthly and since market is fractal we can see H4/H1/M15/M5 swings also to be raided.

3 Bar swing – when one bar is lower on the left and other bar is lower on the right this indicates that the middle bar has taken the liquidity and hence called 3 bar swing meaning fourth bar can expands and takes its direction, if we notice these on Daily/Weekly we will have our bias and direction.

This is a daily chart where green last up close candle is a Order block and later it turns out to be a 3 bar swing pattern:

Order blocks
The last up close candle is candle is called bearish order block, it is created once price has done step no. 1 above, i.e., stop hunt and similarly the last down close candle will be the bullish order block.

If there are numerous OB in parallel we will only consider the mother OB which has covered all smaller ones.

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2. Fair value gaps
Fair value gaps created when the next i.e., the 2nd candle moves in one direction with energy and the 3rd candle unable to comes back to tag the first ones wicks… then a fair value gap or imbalance is formed where price delivery is not balanced but delivered one sided only.

Some FVG will not be filled instantly but price will use as support and resistance to target the opposite side of FVG/OB or swing.

Entry pattern:
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ICT SETUPS:.
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A short video about the method:
Inserted Video


@Note: Please note RSI is not part of ICT, kindly ignore RSI, and follow the rest.
We should add a correlated Pair to see the true divergence i.e., GU/EU, GJ/EJ, US100/US500/US30, AU/NU, Gold/Silver etc, it is added in my template already so dont worry.

Try to always do breakeven once price move away to secure the equity, and book the profit to keep increasing the equity)

Below are the main lessons for Higher time frame Price delivery arrays (PD Arrays) to understand the PRICE from a Premium to Discount point of view.

Step by step lessons starts:

Lesson #1 Stop Hunts \ Liquidity Purge - old high\low - swing points - Rejection block
https://www.youtube.com/watch?v=tmeCWULSTHc&t=2064s
https://www.forexfactory.com/thread/...7#post13595937
Stop Hunt Mastery Book:
https://www.forexfactory.com/thread/...3#post13604053

Lesson #2 Order Block post #1
What is OB: last buy candle in sell trend, and last sell candle in buy
https://www.forexfactory.com/thread/...0#post13591660

Lesson #3 Fair value gap / liquidity void / price inefficiency / imbalance post #124
What is price inefficiency/imbalance/fair value gap
https://www.youtube.com/watch?v=Bkt8B3kLATQ&t=1205s
https://www.forexfactory.com/thread/...6#post13330556
https://www.forexfactory.com/thread/...5#post13591395
https://www.forexfactory.com/thread/...2#post13591422
https://www.forexfactory.com/thread/...8#post13646008

Lesson #4 Breaker Block
https://www.forexfactory.com/thread/...9#post13385929

Lesson #5 Mitigation/Retest of Breaker/Order block
https://www.forexfactory.com/thread/...0#post13332850

Lesson #6 SMT Divergence (Smart money Tool/Technique) / Relative Strength Measurement - (Crack in Market Coorelation)
https://www.forexfactory.com/thread/...7#post13490167

Lesson #7 Power of three (AMD) / Judas Swing / Turtle Soup
https://www.forexfactory.com/thread/...8#post13591088

Lesson #8 Round Number / Fibonacci Levels / Sessions opens / Month closing / Quarter closing
Entry Times (EST | UTC-4)
14:00 - 20:00 - Central Bank Dealers Range
20:00 - 00:00 - Asian kill zone
02:00 - 05:00 - London kill zone
05:00 - 07:00 - London lunch 5am-7am
07:00 - 10:00 - New York kill zone
10:00 - 12:00 - London Close Kill zone / AM Session Ranges
12:00 - 13:30 - New York Lunch time
13:30 - 16:00 - PM Session Ranges

08:30 - CME opens futures
09:30 - Equity opens
00:00 - 02:00 - Classic Protraction Retracement
02:00 - - Delayed protraction Retracement

00:00 - 15:00 - True day range
15:00 - 16:00 - Bond closing hour

Lesson #9 Seasonality
https://www.forexfactory.com/thread/...1#post13407831

Lesson #10 Daily Bias
https://www.forexfactory.com/thread/...9#post13963249

Lesson #11 Commitment of Traders - Weekly reports / Open Interest (Futures Data)
For Weekly COT Data : https://www.cftc.gov/MarketReports/C...ders/index.htm
For Daily Open Interest Data (except DXY): https://www.cmegroup.com/market-data...fx-volume.html
For Daily DXY only Open Interest Data: https://www.theice.com/marketdata/reports/96

Rules for Open Interest:
A. Bullish Scenario
A1- OI Rising - Prices Rising
A2- OI Falling/Ranging - Prices are falling
A3- OI Falling - Prices are ranging

B. Bearish Scenario (co-incidentally it is inverse of above)
B1- OI Rising - Prices are falling
B2- OI Falling/Ranging - Price are rising
B3- OI Rising - Prices ranging

Read this book, to understand Lesson #11 further
Trade Stocks Commodities with the Insiders - By Larry Williams

Credits:
These method i learn from Michael J Huddleston aka (InnerCircle Trader ICT) - Everyone else online learnt from him and tag as their own.
Youtube channel - https://www.youtube.com/user/InnerCircleTrader
Twitter: @I_Am_The_ICT
FF Thread - https://www.forexfactory.com/thread/562581-trd
Telegram https://t.me/ICT_Official
Price action drill: https://youtu.be/bkt4_qWnVZE

For native listeners ICT method is now also available in easy and short videos in Urdu/Hindi Language as well, kindly follow and subscribe my friends YouTube channels:
Mr Hamid - https://youtube.com/@iamghostof_ICT
Mr Dilshad - https://youtube.com/@noindicatorguy


My Templates and Indicators: (Latest as at 02.04.2023)
Attached File(s)
File Type: zip 20230402 bilal template.zip   3.7 MB | 631 downloads | Uploaded Apr 2, 2023 9:52am



Order block Marking Indicator and usage: (manual)
OB Indicator: https://www.forexfactory.com/thread/...6#post13784006
How to use: https://www.forexfactory.com/thread/...5#post13784695

Position Sizer-EA: Using this to execute orders - set fixed % of equity as stop amount and set stop loss and, this EA will adjust the lot size accordingly based on SL pips.
Ref: https://www.earnforex.com/metatrader...osition-Sizer/

Back Testing EA:
Attached File(s)
File Type: ex4 Soft4FX_Forex_Simulator_fix.ex4   1.1 MB | 1,898 downloads | Uploaded Nov 13, 2021 12:35am


Who is Michael J. Huddleston: (that's how he define himself)
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The Ghost In The Machine
  • Post #2
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  • Dec 19, 2020 1:48pm Dec 19, 2020 1:48pm
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 3,265 Posts
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The Ghost In The Machine
 
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  • Post #3
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  • Dec 19, 2020 1:49pm Dec 19, 2020 1:49pm
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 3,265 Posts
In below example we noted:

1 divergence, then
2.didn't do break of structure but do liquidity grab (making further lower lows/highs) and
3 then retest of ob is entry
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The Ghost In The Machine
 
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  • Post #4
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  • Dec 19, 2020 2:09pm Dec 19, 2020 2:09pm
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 3,265 Posts
Market is fractal we cant see 1M, so here same rules same setup on m15
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The Ghost In The Machine
 
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  • Post #5
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  • Dec 19, 2020 4:13pm Dec 19, 2020 4:13pm
  •  maidanozzy
  • | Joined Dec 2018 | Status: Junior Member | 1 Post
Could you give more details about break of structure and liquidity grab? How can we define the structure or liq. grab?
 
 
  • Post #6
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  • Dec 19, 2020 10:31pm Dec 19, 2020 10:31pm
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 3,265 Posts
Quoting maidanozzy
Disliked
Could you give more details about break of structure and liquidity grab? How can we define the structure or liq. grab?
Ignored
Break of structure mean prices making higher high and lower high, when it breaks last lower high in an up trend since we have confluence of rsi divergence not every last lower high or higher low in case of down trend is not a setup unless we noted divergence.

Liquid grab is sl hunting, since we saw divergence doesn't mean we enter the trade because we have to see rule 2, break of structure or SL hunting price can make future higher high or lower lows. Here we can also wait for break of structure after liquidity grab/sl hunting.

we wait and see wick rejection of orderblock for entry with very ess sl and drawdown
The Ghost In The Machine
 
3
  • Post #7
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  • Dec 19, 2020 11:09pm Dec 19, 2020 11:09pm
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 3,265 Posts
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The Ghost In The Machine
 
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  • Post #8
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  • Dec 20, 2020 12:08am Dec 20, 2020 12:08am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 3,265 Posts
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  • Dec 20, 2020 3:55am Dec 20, 2020 3:55am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 3,265 Posts
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  • Post #10
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  • Dec 20, 2020 5:48am Dec 20, 2020 5:48am
  •  D1n3r0
  • Joined Mar 2017 | Status: Member | 292 Posts
After a lot of live trial and error trading divergence live I can now say I’ve mastered it and bullish hidden divergence seems to be my money maker 99% of the time trading GBP pairs by just the amount of pips they move. Honestly the way I see things is that when the market diverges, for me I’m using an MACD and OSMA to spot areas of reversals and when the OSMA or macd move above zero we get a reaction and depending on the timeframe you can get a lot of pips. Forex is nothing but a mix of different personalities and the idea is what are the tools most traders are using to enter trades. First indicator that ever popped up on MT4 when I opened up accounts was a MACD. Seems as if Divergence is traded by the banks and institutions and if you can read it right and be patient you will win almost every time. Spot divergence which is price and oscillator are not in agreement wait for MACD to cross signal line and trade. I like the OSMA because with the right settings the move above 0 along with the cross above on the signal line on the MACD after seeing divergence is the best tool to have in my opinion. I’m not a 1min trader because my personality doesn’t allow it so I trade the 1hr and yeah I have to use a wider stop loss but that’s what money management is for. Trade what you’re willing to lose. Good thread and I hope see more posts
 
11
  • Post #11
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  • Dec 20, 2020 6:20am Dec 20, 2020 6:20am
  •  dele5000
  • | Joined Mar 2018 | Status: Member | 534 Posts
Quoting D1n3r0
Disliked
After a lot of live trial and error trading divergence live I can now say I’ve mastered it and bullish hidden divergence seems to be my money maker 99% of the time trading GBP pairs by just the amount of pips they move. Honestly the way I see things is that when the market diverges, for me I’m using an MACD and OSMA to spot areas of reversals and when the OSMA or macd move above zero we get a reaction and depending on the timeframe you can get a lot of pips. Forex is nothing but a mix of different personalities and the idea is what are the tools...
Ignored
Good write up here mate, please kindly share ideas on how best(at least to you) how to use MACD/OSMA and their best setting to trade divergence, and if you have reading materials/video in respect of this , kindly share
 
1
  • Post #12
  • Quote
  • Dec 20, 2020 7:11am Dec 20, 2020 7:11am
  •  PixelSniper
  • Joined Dec 2020 | Status: Member | 551 Posts
When I first started trying to come up with a trading strategy, obviously 1m charts as a scalper btw, I looked up on divergences too, which I don't anymore because you can spot them with your bare eyes, and then with the help of BB and candlestick patterns etc it is very well posib to catch a reversal..
But yeah working on the 1m chart & technically, I can tell that we are on the right path. Better results than anything other
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Tribute To My Chinese Buddy All Time Return: 19.0%
 
 
  • Post #13
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  • Dec 20, 2020 7:34am Dec 20, 2020 7:34am
  •  Anusragger
  • | Joined Nov 2012 | Status: No Impact Member (bottom 1%) | 740 Posts
Now do it in realtime.
 
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  • Post #14
  • Quote
  • Dec 20, 2020 7:38am Dec 20, 2020 7:38am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 3,265 Posts
The best thing is price action, naked chart higher high/higher low, break of market structure or SL hunting... i am trying to add divergence as a hint be ready a setup can form..

Since market is fractal same setups can be found higher time frames as well but entry should always be on lower time frames and we have to choose the TF as per convenience and availability.
The Ghost In The Machine
 
10
  • Post #15
  • Quote
  • Dec 20, 2020 8:07am Dec 20, 2020 8:07am
  •  D1n3r0
  • Joined Mar 2017 | Status: Member | 292 Posts
Quoting dele5000
Disliked
{quote} Good write up here mate, please kindly share ideas on how best(at least to you) how to use MACD/OSMA and their best setting to trade divergence, and if you have reading materials/video in respect of this , kindly share
Ignored
There are tons of videos on YouTube and I’m not trying to take anything away from this thread but there was a hidden divergence thread started by a person named dani that has 253 pages of divergence on every time frame. There’s an indicator called MACD color history that I use. I keep the MACD signal lines and black out the bars and then turn around and add a OSMA. They’re giving the same info but the bars on the OSMA are much bigger so I can see everything I need to see. 12,26,9 are both settings. If divergence is confirmed on both you have a 30pip minimum winner once you wait for the OSMA to cross above zero and the signal lines cross on macd. Look at GBPUSD 1hr chart. We started diverging on Tuesday and finished Thursday. Friday started with nothing but sell off. That is a perfect example of bearish regular divergence. Hidden divergence comes into play on the same chart. Retracement from weekly highs with a possible bullish hidden divergence set up in play. With the market being closed we made a cross above at close but I have no clue what has happened after hours and that set up may not be valid anymore but it’s divergence. Keep your profit targets realistic. 20 pips after see divergence is like 100% imagine waking up everyday and trading 5 lots for 20 pips when you see a divergence play on the 1hr time frame
 
5
  • Post #16
  • Quote
  • Dec 20, 2020 8:09am Dec 20, 2020 8:09am
  •  D1n3r0
  • Joined Mar 2017 | Status: Member | 292 Posts
Quoting bilal1947
Disliked
The best thing is price action, naked chart higher high/higher low, break of market structure or SL hunting... i am trying to add divergence as a hint be ready a setup can form.. Since market is fractal same setups can be found higher time frames as well but entry should always be on lower time frames and we have to choose the TF as per convenience and availability.
Ignored
To be honest if you spot divergence on the 1hr timeframe for example there’s no need to drop down to the 15min timeframe because if you throw a 9 sma on your 1hr chart that 9 sma is when the MACD on the 15 min has crossed above so just wait for price to close above the 9 sma and that’s your entry
 
5
  • Post #17
  • Quote
  • Dec 20, 2020 8:22am Dec 20, 2020 8:22am
  •  D1n3r0
  • Joined Mar 2017 | Status: Member | 292 Posts
Quoting dele5000
Disliked
{quote} Good write up here mate, please kindly share ideas on how best(at least to you) how to use MACD/OSMA and their best setting to trade divergence, and if you have reading materials/video in respect of this , kindly share
Ignored
I would also add that divergence can happen on the 1hr timeframe at any point. Like for instance I missed a GBPUSD trade on Wednesday because the market decided to open hit a high and drop back down to open. On my chart that was divergence but i was done for the day and also don’t like dealing with swaps because of my lot size it’s like a waste of money to me just to watch the market fluctuate for an hour. I can tell you Monday I went long but Tuesday we had the nastiest divergence around 22:00 gmt that pushed the market up 280 pips. It’s really about money management and patience. If you know you gotta make a 20 pip stop risk what your account allows. Range of bars matters so in some cases your stop is so wide because a pair has been averaging 35 pips each bar every hour. I also only trade GBP pairs because of you just look at a 7 day trading history they all average well over 100 pips so if you wake up London session spot bullish divergence and the market has only moved 30 pips so far the likely of you taking a winning that trade increases versus you waiting on the market to move 100 pips already wait for the retracement and try to take the hidden divergence trade back up to the high or low. I can type for hours but really you just gotta see for yourself. There’s nothing wrong with back testing for a few days.
 
4
  • Post #18
  • Quote
  • Dec 20, 2020 8:44am Dec 20, 2020 8:44am
  •  D1n3r0
  • Joined Mar 2017 | Status: Member | 292 Posts
If anybody is looking for a prime example of Regualr divergence take a look at the monthly GBPUSD chart. From 2007 to 2015 is the start and confirmation of divergence. It even went up and made another lower low before going back up. IMO market is likely to go retest higher areas @1.42 but I like to trade on a daily basis so that’s just something to keep in mind. Also previous days high low open mid should be placed on your chart and not current day. If current day opened in the zone of previous days candles and its trading above or below the open and mid of previous day figuring out the direction isn’t that difficult
 
 
  • Post #19
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  • Dec 20, 2020 9:02am Dec 20, 2020 9:02am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 3,265 Posts
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The Ghost In The Machine
 
2
  • Post #20
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  • Dec 20, 2020 9:05am Dec 20, 2020 9:05am
  •  bilal1947
  • Joined Apr 2020 | Status: Offline | 3,265 Posts
Quoting D1n3r0
Disliked
{quote} There are tons of videos on YouTube and I’m not trying to take anything away from this thread but there was a hidden divergence thread started by a person named dani that has 253 pages of divergence on every time frame. There’s an indicator called MACD color history that I use. I keep the MACD signal lines and black out the bars and then turn around and add a OSMA. They’re giving the same info but the bars on the OSMA are much bigger so I can see everything I need to see. 12,26,9 are both settings. If divergence is confirmed on both you...
Ignored
Thank you for sharing your observations if possible, kindly share charts for better understanding.
Thank you.
The Ghost In The Machine
 
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