Adding a method to support one’s strategy, and an analysis which has more predictive value, could be very useful.
A proper divergence is only present when the histograms indicating momentum have retraced back to the zero line.
Two subsequent lows or highs where the histograms have not returned to the zero line are not proper divergences. These are sometimes called bad divergences.
Often enough if a trader would zoom in 1-time frame a proper divergence would become noticeable there.
if u can share a chart where your method of divergence is posted ; you are free to share , so that the viewers will know the correct way of plotting !
thanks for sharing your views!
I agree to the point that there has to be financial training and you have to be educated enough to understand the various tools in it !
But once you are trained ; you should think beyond trading !!
& trading view is a good platform to share your level of knowledge .
In my last post , i had said not to short nifty , when every one in tradingview was shouting to short the markt
i guess -- if i must have helped even 1 person , i would be happy .
All warfare is based on Deception !
& Business is war !
Business @ the highest level is Deception !
No my Dear , Not as much as you know ,
But i Know one thing
None of the so called experts have been accurate 100 %
and market i consider to be the supreme to all !!!
Jai hind !!
What a philosophy
I prefer public chat rather