We have talked about many technical indicators before, from the popular RSI and MACD to the more esoteric Parabolic SAR and Ichimoku Cloud – all of which are available as built-in indicators to TradingView. Contents Today, we are going to talk about a third-party indicator called “Divergence for Many Indicators v4”. As its name implies, … Read more
In part 1, we learned divergences and hidden divergences in an uptrend. This article will show examples of divergences and hidden divergences in a downtrend. Contents When looking for divergences in a downtrend, we examine the valleys because they represent pushes made by the bears. Consider the following downtrend in this daily chart: For the … Read more
Divergence in trading refers to the condition when there is a discrepancy between a stock’s price action and its momentum indicators (most commonly the RSI and the MACD). First, we need to fully understand the concept of conventional divergence before learning the new subject of hidden divergence. In both cases, you must have a trend … Read more
I present to you the custom indicator “Divergence Bomber” — a powerful all-in-one trading tool designed for traders looking to dominate the markets using the MACD divergence strategy. The core function of this technical indicator is to detect high-accuracy divergences between price action and the MACD, generating clean entry signals (including push notifications) that point … Read more