New article A New Approach to Interpreting Classic and Hidden Divergence. Part II
has been published:
The article provides a critical examination of regular divergence and efficiency of various indicators. In addition, it contains
filtering options for an increased analysis accuracy and features description of non-standard solutions. As a result, we will
create a new tool for solving the technical task.
We can check these ideas by creating a small robot. We are not interested in the classical variant and in the main line direction. This
allows us using the standard ADX from the terminal. Filter will only be applied when the breakout candlestick is too large. For cases
when there is no line of an opposite conditional channel where stops could be set, introduce the Stop Loss distance. Also, in the EA we
need to set the distance from High/Low. Below are testing results for the main currency pairs: EUR/USD, GBP/USD, USD/JPY over the
period from 01.01.2016 to 01.06.2019 at the H1 and H4 timeframe.
Author: Alexander Lasygin
Nice article Alex.
Had quick read, will go back and read again (and again..) to absorb.
Much appreciated, regards, Paul
Thank you so much, Alex,
I reread your article many times to try to understand your ideas. Only a little regret is that I cannot translate this article into Vietnamese to increase knowledge for traders in my country, because of copyright issues.
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