Divergence Indicators - page 12
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here is an example on gbp-jpy: daily and h4 timeframes (please note the ratio between them, it is 1:6... 1 daily bar = 6 h4 bars).
notice the HIDDEN bullish divergence on daily.
then focus on the last move, but on h4. i circled it. you are basically looking for a REGULAR bullish divergence on h4. it is confirmed when the trendline of the move is broken. enter ONLY on confirmation.
basic principle: look for a hidden divergence on higher timeframe, then go to the next lower timeframe and wait for the regular divergence. both divergences must of the same kind: either both bullish, or both bearish.
you can use this technique with ANY pair of timeframes, as long as their ratio is 1:5 or 1:6... 1min/5min, 5min/30min, 40min/h4, h4/daily, or daily/weekly
hope this helps.[/.QUOTE]
Very interesting. I've added the technique to my own hidden-divergence based method. It's the same as yours, except I use MACD 5,10,10 and ADX 10, mostly on one-minute candles. In addition to the trendline cross in your chart, I require as a trigger that the MACD histogram make a zero crossing in the direction of the trade, and as a check that the correct-direction DMI cross above the other one. I also check the next higher timeframe (in my case, M5) for consistency. Have not been looking at the next lower timeframe (S10) at all.
My newly enhanced method, then, is to look on M1 for a hidden divergence to show a probable continuation of the trend after a retracement, to look at M5 to confirm overall direction, to watch M1 for a zero crossing on MACDH, to look for +DMI to cross over, or already be above, -DMI (on a bull trade), and now, per your excellent post, to check S10 for a corresponding bull regular divergence to pinpoint the resumption of the uptrend. As you point out, this strategy should work on any timeframe. I use M1 because it gives me lots of setups, so I can pick the most immaculate, a necessary precaution on such a noisy timeframe.
Thanks for the idea.
Divergances
Does anyone know if its possible to program an EA to recognize reverse divergences between price and CCI ?
Thanks
Picha
Price/MACD divergence indicator
Hi all,
I've been looking for a long time for an indicator that plots lines between MACD's high & lows to be able to notice divergences at first glance, but couldn't find anything.
Seeing codersguru's Zig Zag Channels indicator and using it successfully for a long time I couldn't help thinking how useful a similar MACD channel would be.
I really hope that someone will know such an indicator or can modify the standard MACD. It would be useful for everyone.
Look at this page (there is some indicator there): https://www.mql5.com/en/forum/175886 and on this thread: https://www.mql5.com/en/forum/177120
May be it will help.
divergence
Nice to meet you.
I am Japanese.
The translation function is used.
I am looking for "Indicator to teach rsi2 rate of divergence to have exceeded 20".
Please tell me.
There are a lot of great divergence indicators on the internet and they all tell you pretty accurately where the market is going. But I'm wondering if anyone has an indicator that acts as trigger to enter a trade after divergence has been spotted. Divergence could extend for fairly long periods sometimes so a good entry signal is a vital companion. Anybody who can help???
hello, can someone please make the attached indicator (stochastic divergence) to draw the arrows not at n+1 bar but at current n bar? (at present bar, arrow can appear/dissapear)
Moving Average Convergence Divergence
Just out of curiosity, is there any EA available out there that trade with Divergence and Convergence based on MACD? ND please move this thread to where it supposed to be if I'm at the wrong place. I was going to post on the Question thread in MT4 learning centre, but comes to understand it is particularly for programming questions, so I've decided to post it here.
Regards,
David
Moved but I did not found EA.
All EAs are here https://www.mql5.com/en/forum/178018
and programming description about divergence/convergence based on MACD is on this page:
https://www.mql5.com/en/forum/175886
Short theory about it is on this page:
https://www.mql5.com/en/forum/178018
may be - it can be enough for programmer to create some EA ...
no idea but this kind of description may help: https://www.mql5.com/en/forum/175886/page2
Moved but I did not found EA.
All EAs are here https://www.mql5.com/en/forum/178018
and programming description about divergence/convergence based on MACD is on this page:
https://www.mql5.com/en/forum/175886
Short theory about it is on this page:
https://www.mql5.com/en/forum/178018
may be - it can be enough for programmer to create some EA ...I've been trying to code a Divergence EA for years with 0 success. All those articles/thread are generally talking about how to NOT make a divergence EA. The most effective idea is to have 2 separate indicators with different settings, when 1 is having a higher value, the other 1 is having lower value, compare to the current market price high, whilst a TIME SHIFT is applied on another previous market price high to make a comparison. BUT, it's still not a divergence.
Kind regards,
David