I would agree with that too.
OsMA is not too bad either, it's much the same as MACD without the base/signal lines.
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DislikedOMG, of course, thanks )))))
Do you think it was hidden bearish div on daily instead of bullish? - Higher indicator and Lower price?
Same can happen on weekly.Ignored
DislikedIt just means that MACD and stochastic are more accurate for detecting divergence signals.
I would agree with that too.
OsMA is not too bad either, it's much the same as MACD without the base/signal lines.Ignored
Disliked1st picture shows my question:can we called it bullish divergence???
14,3,3 stoch,geppy,1hr chart.
for the second picture is from another thread just found tht.
can anyone comment it?Ignored
DislikedHere's what your chart should have looked like abman4444.
Your stochastic settings are different to mine, but the bearish divergence is still visible in both of our charts.
Bearish Divergence
Higher highs in price and lower highs in the oscillator
Bullish Divergence
Lower lows in price and higher lows in the oscillatorIgnored
DislikedMACD Signal line has a specific value if you can copy it into the price channel/window - and just watch ))
The best examples of divergences and their description I found in Trading Chaos - very detailed and accurate.
And if you use both AO & AA (or similar MACD configuration with 5,34,5 ) - you'll get the most accurate divergences.
Everything else is simple patience and time frames you feel comfortable with. I prefer not less then daily.Ignored
DislikedThanks alot for the clarification , your comment is very helpful .Ignored
DislikedNo problems abman4444.
If anyone is interested in further reading, try these sites:
http://www.babypips.com/school/divergence_trading.html
http://www.trading-naked.com/Divergence.htm
Welcome back emda! Hope you had a nice holiday.
Yes I sort of figured as such with the news movements. It can throw the charts out quite a bit.
Seems EU is waiting for next run of news before making its next move.Ignored