Extreme divergences

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Hello if possible, please share here for unusual divergences to predict next movements

 

Could someone please modify this FX5-indicator to run with JRSX???

I noticed that the JRSX-indicator ist very good to detect divergences.

Files:
fx5_divergence_v3.mq4  11 kb
turbo_jrsx2.mq4  4 kb
 

I am sharing an unusual indy, bolinger divergence. I earned Money with it but be carefull while using. you will see small circles on bars. I canceled bolinger and seeing onl signal circles. IT DOES NOT REPAINT !!!

 

Many forex traders lump stochastics together with other oscillators like RSI and CCI, which are used to find overbought and oversold conditions. When a currency pair is oversold, traders look for buying opportunities, while if it is overbought, they look for sell trades.

Though stochastics can be used to find these overbought and oversold regions, George Lane, the man credited with inventing stochastics, had a different purpose for the indicator. He noticed that “…momentum changes direction before price.” So he created stochastics not to follow price or volume. He created stochastics to follow, “…the speed or momentum of price.”

Stochastics can help pinpoint entries for buying a dip in an uptrend or for selling a rally in a downtrend. So determining the direction of the trend can increase your trading odds of success. Trading in the direction of the trend also allows traders to only take buy stochastics signals when the trend is up or sell stochastic signals when the trend is down.

Since no strategy can guarantee profits, traders should use stops and limits to minimize risk and maximize profits. Placing a stop below the last swing low is one place to locate a stop. However, due to the length of the wick on the doji Japanese candlestick, traders may want to place a stop at the halfway mark of the candle. A limit that is equal to two times the number of pips for the stop could be set.

 

For me they are very difficult to spot, but when they come around I find out that they work pretty well.

 
fxstrategist:
Re: Extreme divergences For me they are very difficult to spot, but when they come around I find out that they work pretty well.

The problem is that they can not be spotted without a lag

 
nbtrading:
The problem is that they can not be spotted without a lag

Divergence can always be spotted only after the fact

 
myname #:

The problem is that they can not be spotted without a lag

What if The RSI indicator also include a number of price levels that may trigger divergence? whilst It shows potential divergence to which price in past price, and to which mound.

You can use the price level, pick one, and use that as a starting point where you want to entry the market. It doesn't have to the same price, could be higher(for short) or lower(for long) or up to you how you want to use that price level info.

This way, you want be to late to entry since you're gonna use pending order.

The price is going to be like range, x < price for long x > for short.
Or, maybe you can use it for stop limit order. It's your choice.

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