Sunday, May 12, 2019

indicator divergence

Traders should always try and use the same time frames on their charts everyday to avoid confusing. Pick out four time frames that you are comfortable looking at and stick to them every day for your analysis. When you observe charts over time, you begin to get very familiar about trading. You should on the same time periods each day. This will give you a better feel for the indicator divergence at these chart points. Price trends in one direction or the other until it meets with excess supply or demand counter to the current trend. The price starts to slow down and sometimes traders cannot see it with the naked eye. This is where using a technical indicator like the CCI. These indicators are designed to see the price slowing down at these turning points and when used correctly, can lead to some trade setups.

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