{quote} Hey Tenax, thanks for your answer, but the search for the best hidden div indi is not about not to be able to see the divergence, it is about trading many pairs in different timeframes. There are many indis like rsi div, or stoch div, but most of them are not well programmed. I was hoping one of the guys here got a realy good one. Even on forex-tsd dot com is not a accurate one to find. Or the payed ones on truetl dot com do not recognize all divergences.
That's good idea 
- #345
- Mar 24, 2016 8:15am Mar 24, 2016 8:15am
- Joined Jan 2009 | Status: Trader | 1,987 Posts
{quote} My answer is no. When i find setup on H4 timeframe with hidden divergence i dive to H1 and seek a regular divergence to enter with small possible risk almost on exactly extremum of price.
1- Keep stop loss tight.
2- Look for regular divergence on a lower TF (like 1HR). The pattern must be clear without any doubt.
3- See if that divergence matches a hidden divergence on a higher TF (like 4 HR) (the pattern must be clear also). If not, do not enter.
4- Wait for a break of a trendline.
5- Be sure you get a Heiken Ashi candle in the right direction on the lower TF. It might be safer if you get one on the higher TF.
Like in the picture below. there is a setup forming, but it is not yet valid. Also, I am considering the use of both MACD and Stochastic to give a signal.
- #346
- Mar 24, 2016 8:28am Mar 24, 2016 8:28am
- Joined Jan 2009 | Status: Trader | 1,987 Posts
Another example of a setup to watch. This time, there is almost hidden divergence on both indicators in the higher TF, but they disagree on the lower TF. Therefore I would not enter if I use that criteria. But let us wait for the break of the trendline and the HA candle.
- #348
- Edited 8:55am Mar 24, 2016 8:39am | Edited 8:55am
- Joined Jan 2009 | Status: Trader | 1,987 Posts
Another example. I will backtest over the weekend.
- #349
- Mar 24, 2016 8:44am Mar 24, 2016 8:44am
- Joined Jan 2009 | Status: Trader | 1,987 Posts
Another one. But I don't like the divergence patterns, it is not clear enough for me.
{quote} You want to start your own signal service?
Yes Tenax, thank you for this good idea !!!
That way I create a second income-stream which will recover every reached stop loss and I have some extra money
for some fun.
But if I only had that well programmed div indi for all the pairs and timeframes. Combined with trendline trading my new signal service will be unbeatable. Yeeehaa
- #351
- Mar 24, 2016 12:08pm Mar 24, 2016 12:08pm
- Joined Jan 2009 | Status: Trader | 1,987 Posts
Here's an update for the pairs I mentioned earlier. GBPCAD and NZDUSD did not trigger across their trendline, whereas GBPJPY and EURNZD did. I would recommend for now that price closes across the line then enter.
- #355
- Mar 24, 2016 1:44pm Mar 24, 2016 1:44pm
- Joined Jan 2009 | Status: Trader | 1,987 Posts
Hopping in. AUSUSD.
- #358
- Mar 24, 2016 3:52pm Mar 24, 2016 3:52pm
- Joined Jan 2009 | Status: Trader | 1,987 Posts
It is considered to be the divergence? Thanks {image}
Yes, that's how I would have looked at it. Always easier to tell afterwards, but there was hidden divergence for sure.
- #359
- Mar 25, 2016 4:10am Mar 25, 2016 4:10am
- Joined Aug 2011 | Status: Mos P from Cape to Cairo | 2,712 Posts
Let it turn and find your entry.
- #360
- Mar 25, 2016 5:58am Mar 25, 2016 5:58am
- Joined Jan 2009 | Status: Trader | 1,987 Posts
I'm just seeing now that GBPUSD is replete with HD on the M15 time-frame. Worth checking out, example from yesterday {image}
