DislikedTo enter a position, you can use (for example, in the case of a positive hourly divergence): A) the breakout of the high of the bar where the divergence formed B) a divergence on the lower time frame C) the Ross 123 on a lower time frame Below you can find the explanation in Word that I created about 30 years ago and posted on an Italian forum...very little has changed since then...I added the topic of Time {file}Ignored
you helped me by making changes to my divergence indicator and still with a view to providing valid advice, an excellent signal is the following:
1) the divergence
2) the bar that gives rise to the divergence MUST be point 1 of the 123 of Ross
I called this indicator 4S because from the divergence low to the low of point 3, it forms an S, and the entire pattern is composed of 4 points. I'd like to point out that the 123, like the Stochastic divergence, is composed of a very specific sequence of bars, not zigzags like those found elsewhere. It took me months to create all the possible bar combinations (inside, outside, shark32, etc.), but in the end, this is the result.
EURUSD 5 min today
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