When looking for divergence between price and an indicator (e.g., MACD, Stochastic, CCI, RSI) what we are looking for first is for the price to match or exceed the previous pivot high or low. It is the easiest if we examine just successive pivot point highs or lows and only two extremes at a time. The pair must include the peak or valley representing the current price action.
Download: "Indentifying Divergence In Technical Analysis"
Browsing Tags's Archives »»
Indentifying Divergence In Technical Analysis
Posted by Doji
Published in Forex Articles
Technical Market Indicators
Posted by Doji
Published in Forex Analysis, Forex Guide
No indicator is right all the time and you don’t have to be right all the time. Just be right a higher percentage of the time than wrong. Choose some reliable indicators and stick to them. Don’t follow some indicators for a while and switch to some others if they fail. Don’t be a technician in the first half of the year and a fundamentalist the next half.
Download: "Technical Market Indicators"
Tags: indicator, wallstreet


