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Which indicator works best for divergence?

  • #41
  • Nov 9, 2019 12:24am Nov 9, 2019 12:24am
different pairs react to differences in different ways. There are pairs that usually do not observe the differences. Thus, these pairs are unsuitable for divergence trading.
  • #42
  • Nov 9, 2019 11:32am Nov 9, 2019 11:32am
For me, MACD. Divergence shows up regularly on any pair/indecis, and if you know how to identify it and combine it with supporting signals such as S&R, fibonacci, trend lines etc, divergence is an incredibly powerful signal, not just for entries, but for exits as well.

Here's one very simple 40 sec tf example from the Dow last week, one of many I could have used as an example.
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Click to Enlarge Name: Wall Street 40 sec div.png Size: 65 KB
  • #43
  • Nov 9, 2019 12:25pm Nov 9, 2019 12:25pm
I like the PZ Divergence indicator the best! It provides multiple options to identify divergence for you to select from: RSI, MACD, CCI, Williams %R, Momentum or Stochastic. Plus, alerts, pushes & email.

tks,
cdk
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Click to Enlarge Name: 2019-11-09_1117.png Size: 41 KB
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File Type: ex4 PZ_DivergenceLite.ex4   51 KB | 2,673 downloads
  • #44
  • Nov 9, 2019 2:42pm Nov 9, 2019 2:42pm
As a quick follow up to my post above, there will be many who say that it is easy to post a historical chart as everything becomes apparent after the event, which is true of course, so here is a before and after on the S&P from awhile back posted here on ff.

Once you get a feel for them, MACD diversion can become a lethal weapon in your trading arsenal.
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  • #45
  • Nov 9, 2019 8:06pm Nov 9, 2019 8:06pm
Quoting dkrock
{quote} I don't need to back anything up. You're the one with the big ego that has high-jacked this thread and posted a bunch of demo 1M charts, lol. I wrote that the MACD is an awful tool and how to use the RSI in a more effective manner than everyone else. You then challenged me to a duel, lol. I have been trading for over 15 years and trading Forex for over 12 years. Over 50,000 hours of chart time and over 100,000 trades. I made 326 trades last week, lol. I seriously do not need your help, especially from your ridiculous PA system you don't...
i post live trades and show my fxbook you just talk a lot about how great you are......
Turn your wounds into wisdom
  • #46
  • Edited 9:56pm Nov 9, 2019 8:21pm | Edited 9:56pm
Quoting dkrock
{quote} Actually, you are the one that talks about how great you are and feels like he/she has to prove it, LOL. On nearly every post!! LOL. Sorry you don't know how to trade. Not my fault. Good Luck. Cya on your crybaby thread.
your last post that you deleted wos a biography blah blah blah blah it means nothing to me.
i post loads of live trades and show my fxbook...... i have posted 2 live trades for next week look at my profile and click on my posts Silver and AUD/USD live trades if they set up i will post entry with stops and targets and i will manage the position on here every step
Feel free to follow them live i think im being very honest and upfront im posting live trades in a live market in real time
Turn your wounds into wisdom
  • #47
  • Last Post: Nov 9, 2019 10:23pm Nov 9, 2019 10:23pm
aud/usd for next week

weekly chart with bearish piercing line candlestick formation at weekly trendlind res

H4 chart there is bearish macd with hidden swing divergence with potentual head and shoulder forming price has broken through the cloud my entry thoughts are on chart. I will update and manage the position live
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUD USD WEEKLY PEERCING PAT.png Size: 175 KB
Click to Enlarge Name: AUD USD CLOUD H4.png Size: 209 KB
Turn your wounds into wisdom
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