New article A New Approach to Interpreting Classical and Hidden Divergence has been published:
The article considers the classical method for divergence construction and provides an additional divergence interpretation method. A trading strategy was developed based on this new interpretation method. This strategy is also described in the article.
In this figure, we can clearly see the upward market, but MACD
has formed a new low, which is not confirmed by the price chart. This
discrepancy hints at the presence of a hidden bullish divergence and
indicates the strengthening of uptrend.
Author: Alexander Lasygin
Thanks very much for this article. Is there any way that anyone can code the indicator for mq4 ?