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Divergences - (All Pairs)

  • #21
  • May 23, 2008 9:36am May 23, 2008 9:36am
double top perhaps?
the divergence in the lower timeframe indicates that the overbought level in the high timeframe could be a good one.. and it is forming a double top..
Attached Image (click to enlarge)
Click to Enlarge Name: DIV 12.png Size: 23 KB
  • #22
  • May 23, 2008 9:38am May 23, 2008 9:38am
evolution of that EURUSD..
didn't touch the new channel.....
it was a great level to buy with the divergence and channel support
Attached Image (click to enlarge)
Click to Enlarge Name: DIV 13.png Size: 32 KB
  • #23
  • May 23, 2008 9:39am May 23, 2008 9:39am
Nice to see divergence on the E/J and G/U as have been building short positions on both this week.

What is the best indicator for divergence emda?
Money & Pain Respect the market, protect your capital, be patient
  • #24
  • May 23, 2008 9:51am May 23, 2008 9:51am
there is one nice divergence indicator called "FX5 Divergence"
I attach it here.. but I don't use it yet... I haven't found good parameters yet. we could test it.
Attached File(s)
File Type: mq4 FX5_Divergence_V2.1.mq4   11 KB | 649 downloads
  • #25
  • May 23, 2008 10:06am May 23, 2008 10:06am
Quoting emda
there is one nice divergence indicator called "FX5 Divergence"
I attach it here.. but I don't use it yet... I haven't found good parameters yet. we could test it.
Sadly I'm on pre-Intel Mac, which means no MT4 - I use Oanda. Thanks for posting though, I'm sure someone will be game.
Money & Pain Respect the market, protect your capital, be patient
  • #26
  • May 27, 2008 8:40am May 27, 2008 8:40am
that small divergence was nice... I hope we can reach the lower line of the channel for a long signal
Attached Image (click to enlarge)
Click to Enlarge Name: DIV 14.png Size: 33 KB
  • #27
  • May 27, 2008 8:42am May 27, 2008 8:42am
Money & Pain Respect the market, protect your capital, be patient
  • #28
  • May 27, 2008 8:45am May 27, 2008 8:45am
Quoting toyboy tramp
attention to EURJPY.. could form a double top...
Attached Image (click to enlarge)
Click to Enlarge Name: DIV 15.png Size: 17 KB
  • #29
  • May 27, 2008 8:47am May 27, 2008 8:47am
Been building shorts on E/J for a while
Money & Pain Respect the market, protect your capital, be patient
  • #30
  • May 27, 2008 8:48am May 27, 2008 8:48am
that double top I was mentioning in GU before... was a perfect setup today... triple top.. with divergence.. free money

I will keep posting divergences to help people to understand it and to give more confidence in them.
Attached Image (click to enlarge)
Click to Enlarge Name: DIV 16.png Size: 18 KB
  • #31
  • May 27, 2008 8:49am May 27, 2008 8:49am
Quoting toyboy tramp
Been building shorts on E/J for a while
I'm not in that EJ one.. it is not a clear one.. but it can be.. news coming in 10 minutes will decide.. good luck
  • #32
  • May 27, 2008 8:59am May 27, 2008 8:59am
Quoting emda
that double top I was mentioning in GU before... was a perfect setup today... triple top.. with divergence.. free money

I will keep posting divergences to help people to understand it and to give more confidence in them.
Much appreciated dude
Money & Pain Respect the market, protect your capital, be patient
  • #33
  • May 27, 2008 9:30am May 27, 2008 9:30am
nice thread, emda. congrats! i was thinking about opening one on the same topic but i guess i'm just too lazy and love to criticize others .
anyway, i'll try to post some of my indicators later.
see you soon!
Nihil Sine Deo.
  • #34
  • May 27, 2008 9:35am May 27, 2008 9:35am
Quoting Scrat
nice thread, emda. congrats! i was thinking about opening one on the same topic but i guess i'm just too lazy and love to criticize others .
anyway, i'll try to post some of my indicators later.
see you soon!
thanks ! I'll post the template I use here and indicators also

here is a new one in USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: DIV 17.png Size: 18 KB
  • #35
  • May 27, 2008 9:38am May 27, 2008 9:38am
Great Job in taking the initiative in starting the thread. I'll try to post what I find (when I'm not too lazy or reading ).
Humble Lifetime Member
  • #36
  • May 27, 2008 9:40am May 27, 2008 9:40am
here is the template and indicators
Attached File(s)
File Type: zip emda_dualrapidrsi.zip   6 KB | 761 downloads
  • #37
  • May 27, 2008 9:41am May 27, 2008 9:41am
Quoting emda
thanks ! I'll post the template I use here and indicators also

here is a new one in USDCAD
bugger, I'm long...
Money & Pain Respect the market, protect your capital, be patient
  • #38
  • May 27, 2008 9:45am May 27, 2008 9:45am
Quoting toyboy tramp
bugger, I'm long...
who knows... there is never a 100% indicator or system... and this usdcad one.. is not a 100% perfect divergence.. ebcause it doesn't have an overbought signal in any of the two rsi...
it is doing wild swings.
  • #39
  • May 27, 2008 11:58am May 27, 2008 11:58am
i thought it might be a good idea to attach a schematic. 2 types of divergences, regular and hidden; regular signals a change in trend, hidden signals a trend continuation...
my basic rule is this: DON'T trade any divergence until it's confirmed.
http://img360.imageshack.us/img360/9...nce1ur6.th.jpg
http://img176.imageshack.us/img176/2...nce2ok3.th.jpg

this works for any indicator: macd (lines and/or histogram), stochastic, cci. it should work with rsi as well, but from my experience the best signals are coming from macd histogram and cci.
Nihil Sine Deo.
  • #40
  • May 27, 2008 12:14pm May 27, 2008 12:14pm
Quoting Scrat
i thought it might be a good idea to attach a schematic. 2 types of divergences, regular and hidden; regular signals a change in trend, hidden signals a trend continuation...
my basic rule is this: DON'T trade any divergence until it's confirmed.



this works for any indicator: macd (lines and/or histogram), stochastic, cci. it should work with rsi as well, but from my experience the best signals are coming from macd histogram and cci.

thank you Scrat
Very good idea

Yes they work with any oscillators...
I'm loving it also with the rapidrsi indicator I posted.

It is risky to enter right in the top or bottom... but when you see the divergence confirmed sometimes it is late to enter... but then sometimes price goes again to the signal level.. creating another smaller divergence... and those ones are the ones I like more.
Usually I use divergences to know if the oversold or overbought level is a true one.. it's difficult to change direction of a divergence... it has to be big news or something.. and almost always you already are at stop break even situation.
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