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Divergence Detection
Understanding Divergence Detection
Types of Divergence
- Bullish Divergence: Price makes lower lows while the indicator makes higher lows.
- Bearish Divergence: Price makes higher highs while the indicator makes lower highs.
- Hidden Bullish Divergence: Price makes higher lows, but the indicator makes lower lows.
- Hidden Bearish Divergence: Price makes lower highs while the indicator makes higher highs.
Practical Applications of Divergence Detection
Indicators for Divergence Detection
- RSI (Relative Strength Index)
- MACD (Moving Average Convergence Divergence)
- CCI (Commodity Channel Index)
- Stochastic Oscillator
- Momentum Indicator
Key Trading Strategies Involving Divergence
- Counter-trend trades where traders bet against the prevailing market trend.
- Trend continuation trades based on hidden divergences.
- Combining various indicators to filter out false signals and enhance accuracy.
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Release Date: 05/06/2017
Do you know what really makes a trader successful? It’s not just about knowing how to ride the waves of Forex; it’s about having the right tools that shout when the market is about to do a backflip! Enter the Multi Indicator Divergence MT5! With an impressive rating of 4.9 fr ...
Release Date: 18/06/2021