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Rsidivergence

One divergence indicator to rule them allGreetings Traders, We are continuing with our (mini) series in which we break down the (seemingly endless) features of The Divergent indicator. Today we are going to discuss the various oscillators The Divergent supports detecting divergences on. In contrast to other divergence indicators on TradingView, The Divergent comes with oscillators built-in. This means you won't have to add it on top of other indicators on your chart; it is completely standalone. Why is that a good thing? It is because The Divergent respects your indicator quota - it will only use up a single slot on your chart. The Divergent ships with the following oscillators: MACD (Moving Average Convergence Divergence) RSI (Relative Strength Index) CMF (Chaikin Money Flow) Stochastic RSI MFI (Money Flow Index) TCI (Trading Channel Index, aka. WaveTrend) Balance of Power CCI (Commodity Channel Index) Awesome Oscillator Each oscillator is fully customisable, allowing you to tweak them the way you desire. To choose another oscillator, simply open The Divergent 's settings panel, and select a different one from the list. A further benefit of having the oscillators built into the indicator, is that it opens up the possibility to apply various filters to the detected divergences. For example, if you have the RSI selected, you can configure The Divergent to only signal those RSI divergences, that manifest under the oversold or above the overbought areas. These filters will be introduced in detail in future articles. To learn more about The Divergent , please see the related ideas linked at the bottom. If you liked this post, please don't forget to give it a thumbs up! If you have any questions, please feel free to ask in the comments section below. Thank you for your attention!
Education
by WhiteboxSoftware
1
EURJPY - 5-0PatternA Bullish 5-0 Pattern complete on the Weekly Chart. If you had engaged the Bearish Shark Pattern I've shared last year, you would have gained a total of 848pips by just waiting for it to hit the profit level. Trading the Shark Pattern isn't an easy task as it can have up to 3 different entry zone, which means when you get stopped out the 1st time, you should engage the 2nd and 3rd times as long as formed up in those areas. But if you did short this, you would have gained a total of 848pips. 5-0 Pattern is much easier as it has only 1 entry zone and 1 profit level. You only need to wait for candle confirmation to trade back up to the profit level. I will be waiting for a double bottom setup with RSI Divergence on a lower timeframe to take advantage of the setup.
Long
by RaynLim
BTC CAN CONTINUE TO FALL -SUPPORT 34K-35K Hello my friends, today I want to talk with you about BTC price break local support line and make a pullback then it and that what we need I think we will see a downward movement with target around 35-34k So be ready fort his scenarios. This is an article, not financial advice, always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment, thank you.
Short
by ZAKNOGO
3
GBPUSD strong and major supports ahead don't miss it Hello my friends, today I want to talk with you about GBPUSD Now price is near major supports once again and we can expect at least local pump to the targets and resistances that are mentioned on the chart. <> So be ready for such scenario. This is an article, not financial advice, always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment, thank you
Long
by ZAKNOGO
Ethereum - signs of bull Market worth a shot if used stop loss correctly .............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Long
by SharadMathur
CADJPY Daily Pitchfork ShortFOREXCOM:CADJPY I marked the pitchfork from the pivots on the weekly chart from June, September, and October. Confirmed with the Daily RSI and the Daily chart. It's very slight but there appears to be a bearish divergence on the RSI. I've only started dabbling in RSI divergences so I wouldn't consider this a confirmation, but it's worth noting. After looking at the 30M chart I am confident entering a short position. The Daily RSI is not what I like to see so my stop loss will be tight, probably only risk 0.5-1% with the TP at the median line.
Short
by UnknownUnicorn2349278
EURUSD - Bullish Bat PatternA Bullish Bat Pattern is spotted on the EURUSD, this is a sideway market movement. At this moment, I'm waiting for a retest at 1.1164 for a buying opportunity. If you are interested in this trade, you have to be aware that this trade could take from 3days to 2weeks to complete, there is a weekend risk influenced by the War between Russia and Ukraine(although it still has not shown up in the FX Market) To avoid weekend risk, you can decide to engage the trade after Market Open on Monday(GMT+8)
Long
by RaynLim
9
XAUUSD - Bearish Reversal to AT LEAST $1878.00 (21/02/2022)OANDA:XAUUSD Hi I can sense a bearish reversal for XAUUSD. I have used smart money concepts (SMC) as well as retail trading logic into this trade. LOOK AT THE CHART FOR THE AMOUNT OF CONFLUENCES I HAVE FOR THIS REVERSAL. There are so many confluences in this trade that I cant be bothered to list them all here, so study my chart and learn. Have a good trading week! More analysis to come :) RISK DISCLAIMER: DO NOT TRADE THIS! I AM NOT A FINANCIAL ADVISER. THIS TRADE COULD POSSIBLY FAIL. YOU HAVE BEEN WARNED.
OANDA:XAUUSDShort
by edier654
CADJPY - Bullish CrabAlert came in at around 4:35 pm (GMT +8) when I was having my tea break. The big long black bearish candle you see in the chart it's when it happens. I know that I have until 6 pm to make my trading decision. To trade or not to trade? Should I engage in both pairs or should I choose 1? That's how real trading can be. There's no need for you to guard your computer and wait for action on every tick. Sadly for USDCAD, the Bearish Shark got activated, and not the Bullish Gartley(check the link within TradingView) I have made my move on CADJPY. Why this pair and not another or both? Well, It might be too long of a post for that explanation. Allow me to keep it short by sharing only CADJPY. It has an RSI Divergence, which has been marked by a black arrow within this chart. No doubt a long shadow candle happen that is not showing immediate strength in the bullish setup. I see that the volume indicator on the side that gave me a 20pips leeway to place in my stop at entry when it happen. Once I did that, there will be no downside for this trade, and that's great! Judging the movement of the candle, I could expect a potential Head and Shoulder Bottom that can give me another buying opportunity at around 90.44. When that happens, it could form above the "area of concern" , what I need to see is the market break and close above the "area of concern" . It might be a clearer picture for you to decide to engage this trade when I share it(due to the formation of the candle) Could you imagine that I engaged the trade at 90.13 and not 90.22 at the price you have seen! It takes experience to read the chart and make the trade. Learn, Practice and get a Coach!
Long
by RaynLim
2
Bitcoin showing Bullish Divergence on weekly chart. On weekly charts BTC is sowing a bullish Divergence. Btc recently rebounded from over sold zone in RSI on daily charts. With this divergence, it seems that BTC could show a bullish rally with next target to be last swing high of $50900. Keeping in mide Feds hawkish stance and current rally in Dollar index and 10 Year bond yield, this could be a false alert but im keeping my hopes up and believe that BTC could rally again in coming weeks.
COINBASE:BTCUSDLong
by GhostXNir
Watching DKNG for bounceAs you can see from the chart DKNG bounced at a strong support area that was established back in Feb 2020-April 2020. We can see a clear RSI divergence leading up to the bounce at support. We can also see there was a downside breakthrough of auto fib extension however it quickly retested and bounced from there. With these indicators occurring in unison with the emergence of the Draftkings sportsbook and casino in numerous states across the U.S I think it could be a good time to enter into a position. (RSI oversold and MACD crossover indications are very bullish on 1 week chart)
NASDAQ:DKNGLong
by dzmiller39
EUR/USD RSI Divergence, The Bulls are Moving Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ A dramatic session for the EUR/USD has seen the market jump substantially higher following the European Central Bank's announcement (ECB). A closure over critical price resistance at 1.1483/95 would establish a stronger base, allowing for additional advances. The market is trading at 1.14750 at the time of writing with a strong Bullish candle, in the last couple of days we have seen the EUR jump from 1.11125 all the way to 1.14750 a 3.2 % increase in value. Possible Scenarios for the market : The market is trading near the resistance line located at 1.1483 if the Bulls were able to keep control over the market and breakout that resistance then we will probably see a further push that will lead the EUR to the 1.16872 level, and a Bullish RSI divergence has been found that confirms a good Bullish movement. In case the Bears were able to grab control back then we might see a small drop that will reach the first support line located at 1.13830 where a battle will happen between the Bears and the Bulls over control with the outcome being most likely to the Bulls. Technical indicators show : 1) The Market is above the 5 10 20 50 100 MA and EMA (Strong Bullish sign) But still below the 200 MA and EMA. 2) The RSI is at 62.71 showing great strength with a Bullish divergence between the chart and the indicator. 3) The MACD is above the 0 line indicating a Bullish market, with a positive crossover between the MACD line and the zero line. Support & Resistance points : support Resistance 1) 1.1320 1) 1.1505 2) 1.1201 2) 1.1571 3) 1.1135 3) 1.1690 Fundamental point of view : the main reason for the euro’s gains was ECB President Christine Lagarde’s press conference following the central bank policy meeting, where she acknowledged the mounting inflation risks and declined to repeat previous guidance that an interest rate increase this year was extremely unlikely. All this has clearly paved the way for markets to speculate quite freely on a change in forward guidance in March (i.e. explicitly signaling the chance of a 2022 hike) and by extension on the pace, size and timing of ECB tightening. The release of U.S. nonfarm payroll data later Friday could impact this thinking, but with the focus more on inflation a sharp slowdown in jobs growth in January due to the spread of the Omicron Covid-19 variant is unlikely to move the dollar too much. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
Long
by GabiDahduh
2
Crude Oil WTI Wave 5 Ending Diagonal Hello everyone. I just wanted to bring this to your attention. There's a very high probability WTI will pull back significantly. As illustrated above, I believe Crude is almost completing the final wave 5 of what I believe is a wave 1 of a much larger sequence. The wave 5 is a complex, one called ending diagonal. If I was long on oil futures I would be closing my position ASAP. And be looking to shorting here, along with some energy companies. Please keep in mind I'm only sharing what I'm doing, I'm not a financial advisor and I'm not telling you what to do. Good Luck everyone
TVC:USOILShort
by FreedomBuilder
14