I am a newbie here, and this is my first post. I originally come from the US but currently I am stationed in Europe. I got interested in Forex one month ago. Read some free books and got familiar with trading strategies and indicators.
I posted the thread to ask you guys about divergence. in the picture you will see a possible hidden divergence. But I am not sure if this is a real hidden divergence, since two consecutive tops are not connected but as you can see I skipped a couple of them and connected the most recent highest tops I noticed.
Is this a correct way to do it, or do I concentrate on connecting the consecutive tops and bottoms when looking for hidden div?
Appreciate any feedback
Here are some examples using macd divergence, with a trendline that has three touches.
I hope this helps.
Last edited by jtrader; 11-14-2013 at 01:24 PM.
Thanks jtrader. It was very helpful and interesting.
Hi, I also use macd indicator in my trading. And there are many other useful indicators on FF web-site. Also they provide free and paid advisers there.