Matt, I've been trying to wrap my head around the hidden
divergence concept that you have been talking about. Here's
my daily chart of VXX with positive divergence on the daily
and a 60 min chart of VXX with what seems like very strong hidden
divergence on the MACD.
Hidden divergence on VXX
Posted by pebs on 2nd of May 2013 at 06:28 am
Matt, I've been trying to wrap my head around the hidden divergence concept that you have been talking about. Here's my daily chart of VXX with positive divergence on the daily and a 60 min chart of VXX with what seems like very strong hidden divergence on the MACD.
yep that's correct your second
Posted by matt on 2nd of May 2013 at 09:21 am
yep that's correct your second chart has it! Yep it takes some time to get you eye calibrated.
I personally like the Histogram with a 5 EMA, vs using the MACD even though it should also show up on the standard MACD, here's some other tutorials
Hidden Divergence
How to trade divergence
Momentum tricks for trading divergence
9 rules for trading divergence
Divergence Cheat Sheet