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Attachments: Divergences - (All Pairs)
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Divergences - (All Pairs)

Quoting bksujal
hey mate one thing i wanted to know with your macd which value do you consider the signal one or the other value?

I got your message,
here are the indicators I use..
Attached File(s)
File Type: mq4 FX5_Divergence_V2.1.mq4   11 KB | 239 downloads
File Type: mq4 DivergenceFX5-Alert.mq4   11 KB | 243 downloads
File Type: mq4 MACD_Divergence_V1.1.mq4   12 KB | 246 downloads
File Type: mq4 xpMA.mq4   10 KB | 191 downloads
File Type: ex4 xpMA.ex4   10 KB | 177 downloads
Quoting Scrat
stochastic divergence indicator.
how does this indicator work for you??? Whcih time frame do you use it on?
Quoting FxApasionado
I got your message,
here are the indicators I use..
which time frames do you use these indicators on? Also which pairs do you trade them with?
same as the others. any timeframe, but longer preferred.
i prefer to draw all my lines manually.

Quoting bksujal
how does this indicator work for you??? Whcih time frame do you use it on?
Nihil Sine Deo.
  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
I don't see any good divergences right now...
There was one in USDJPY... but now it is late.
Patience.
Quoting emda
I don't see any good divergences right now...
There was one in USDJPY... but now it is late.
Patience.
what about EU 6H-4H ? could be?
I wonder if using only stochastic (5,3,3 ) is enough to spot divergences , I've found that it's really easy to interpret and not confusing .

any recommendations or advices are recommended here ^^
Nothing is impossible
Whatever suits you. I use RSI 14 but I guess all oscillators would do such as MACD or AO. Divergence is a confirmation of a setup not a signal in itself, so the type of oscillator you use is not that important.
imo whats important is that you get to know the indicator you choose to use.each will have its own nuenses and should be familiar to you for better success.
p.s. i use stoch 9,3,3 exponential and rsi 9. i read somewhere that these were good divergence settings and have served me well since.
PATIENCE... DISCIPLINE
  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
any oscillator works.. yes.. yo have to find a balance between the parameters of the oscillator, the current volatility in the market and your money management.. and that's all.
yes and no... macd was designed especially for this thing and from my experience it is the best one for this job, stochastic is another good one, cci works pretty good... a special case is rsi, which shows some divergences, but not most of them; however, rsi can be used to confirm breakouts...
i guess it's just a matter of personal preference and experience.
but the most important thing is that:

Quoting Wonko
Whatever suits you. I use RSI 14 but I guess all oscillators would do such as MACD or AO. Divergence is a confirmation of a setup not a signal in itself, so the type of oscillator you use is not that important.
Nihil Sine Deo.
  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
yes... it is a confirmation of an oversold or overbought level... and then you can use any strategy you want to enter.. scaling in.. or wait for confirmation... or risk everything at the divergence point.. (not recommended)
  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
also as always you have to have clear your target before entering...
you have to see where is it in higher timeframes.. to see if you can take 5 pips.. 10 pips.. 20 pips.. or try to play a 100 pips run...
Did you see this, as soon as stoch coming out from over bought line(80). And all timefrime confirmed downtrend. Ill took OP. This is D1 TF retracement( D1 still in uptrend). Confirm pls ?
Attached Image
aussie possible div.waitin for confirmation
Attached Image (click to enlarge)
Click to Enlarge Name: divergence.gif Size: 21 KB
PATIENCE... DISCIPLINE
  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
Quoting [email protected]
aussie possible div.waitin for confirmation
oh very nice
thanks !
I wasn't monitoring AUDUSD.

could be good to enter at R1: 0.9496
G/J possible trend changes?
  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
Quoting byens
G/J possible trend changes?
I'll short it around 214.. if it doesn't reach that.. it doesn't matter...
this could be the signal,inside bar on the aussie just at the price you mentioned emda,flat divergence but still viable.
about half hour left on the candle.
Attached Image (click to enlarge)
Click to Enlarge Name: update.gif Size: 23 KB
PATIENCE... DISCIPLINE
  •  emda
  • | Joined Apr 2007 | Status: RCMM (Risk Analysis Money Manager) | 2,556 Posts
Quoting [email protected]
this could be the signal,inside bar on the aussie just at the price you mentioned emda,flat divergence but still viable.
about half hour left on the candle.
I would be cautious about it. market is very nervous today... we are in a delicated position in the DOW.. it can happen anything.
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