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RSI Bollingers +divergence 15 Min

  • #61
  • Apr 19, 2009 2:36pm Apr 19, 2009 2:36pm
hi

i use several other set ups on diferrent time frames. this is an elementary setup as an intro for new traders. i stopped using it until recently. just in the examples i have given, i made on average 30 pips with the first two candles and over 45 pips more on average riding the 14 EMA.

there are no hard and fast figures per se as a lot depends on the market and the individual trader's trading style and tolerance for risk as well as money management.

what you need to do is demo what i have shown, and tweak it to suit you.
  • #62
  • Dec 1, 2010 3:35am Dec 1, 2010 3:35am
Quoting FOREXflash
I trade something similar.......divergence is a right way to go,
but be advised that divergance by itself means nothing!!!
Bollingers can help...if you have a divergence at support or resistance,
that is good signal of price reversal!
The best possible situation is a double or triple divergance!

I coded this for personal use, it is deadly acurate, and it doesnt repaint.
It is showing divergence(both hidden&regular), based on macd & stoch!

Regards
Hello
Have you seen , sometimes it disappeared the arrow ?

thanks
  • #63
  • Jan 26, 2014 8:01pm Jan 26, 2014 8:01pm
Quoting FOREXflash
I trade something similar.......divergence is a right way to go, but be advised that divergance by itself means nothing!!! Bollingers can help...if you have a divergence at support or resistance, that is good signal of price reversal! The best possible situation is a double or triple divergance! I coded this for personal use, it is deadly acurate, and it doesnt repaint. It is showing divergence(both hidden&regular), based on macd & stoch! Regards {image} {file}
Hi FOREXflash, thanks for sharing your divergence indicator. I've been backtesting it, and it looks very promising. But I have a question about how it works.
I noticed that the arrows don't always paint right as the next candle begins. Sometimes an arrow paints after the next candle moves for a couple of pips in the direction of where the arrow eventually points. I'd really appreciate if you could explain what is behind the works of this indicator.

Does it wait for a breach of a certain level for an arrow to appear? At what point do the arrows paint?

Thanks!
  • #64
  • Last Post: Nov 17, 2016 12:44pm Nov 17, 2016 12:44pm
Quoting FOREXflash
I trade something similar.......divergence is a right way to go, but be advised that divergance by itself means nothing!!! Bollingers can help...if you have a divergence at support or resistance, that is good signal of price reversal! The best possible situation is a double or triple divergance! I coded this for personal use, it is deadly acurate, and it doesnt repaint. It is showing divergence(both hidden&regular), based on macd & stoch! Regards {image} {file}
Hey, how can I get the mq4 of this indicator ? Should I pay for it ? Is it free ? Do you have any website that you offer stuff for free or you charge for them ?
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