Posted by DigiNomad on 19th of Mar 2024 at 02:08 am
Good question. I didn't create the indicator, it's from the TV
community. I wouldn't take a trade only on divergence. Looking for
confluence of multiple indicators and also use as a warning a
warning not to trade against it. Also, the first Demark after
breaking through a cycle to the upside with authority is usually
the end of wave 3.
That divergence indicator also does work well on 1 min and below
time frames for scalps... kind of surprisingly.
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Nice. Tho how do you
MACD Divergences indicator - this nailed the top today and ...
Posted by mschwand on 18th of Mar 2024 at 03:46 pm
Nice. Tho how do you filter that one divergent peak between the two Demark 9 peaks today? (e.g., no break of the low of the previous candle?)
Good question. I didn't create
Posted by DigiNomad on 19th of Mar 2024 at 02:08 am
Good question. I didn't create the indicator, it's from the TV community. I wouldn't take a trade only on divergence. Looking for confluence of multiple indicators and also use as a warning a warning not to trade against it. Also, the first Demark after breaking through a cycle to the upside with authority is usually the end of wave 3.
That divergence indicator also does work well on 1 min and below time frames for scalps... kind of surprisingly.