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Thanks Linuxser. Would just like to ask, does this indicator repaint?
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Quote:
. Also, divergences are traded often when identified plus 2 or 3 bars. But this kind of indicators just help to identify divergences and produces too false signals. Its traders eye which last needs to recognize if divergence is valid.
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Indicator Expired
Hi, I tried to download the indicator, but when i installed in my mt4, it shown that is expired. Can you re code without expired date?
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If you are talking about this post Divergence Indicator so I see 2 indicators as mq4 codes. It can not be expired as it is mq4 source files.
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Stochastic Divergence indicators are on this post Multi Timeframe Indicators
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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. Last edited by Scrat : 07-05-2008 at 05:13 PM. |
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thank you,Scrat; just want to add:
Regular Divergence- RD 1-Price is making higher highs while the indicator is not 2-Price is making lower lows while the indicator is not Hidden Divergence- HD 3-Indicator is making higher highs while price is not. 4-Indicator is making lower lows while the price is not. |
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LinkBack to this Thread: http://www.forex-tsd.com/setup-questions/5281-divergence-indicator.html
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| Posted By | For | Type | Date |
| Discover From Your Favorite Topic or Web Page: indicator | This thread | Refback | 02-25-2008 12:14 PM |
| درخواست Indicator و expert - صفحه 59 - Sarmaye Forums | This thread | Refback | 01-10-2008 06:42 AM |
| درخواست Indicator و expert - صفحه 59 - Sarmaye Forums | This thread | Refback | 01-10-2008 06:19 AM |
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