Hey guys, I was wondering if it’s possible to have both hidden and regular divergence happen on the chart at the same time forming a symmetrical triangle. What happens after from your own experience? I will love to learn from you all
Thanks
Hi, I am not sure this is useful but try looking at shorter timeframes to see if the triangle still makes sense. Often, the body length and tails of candles on a shorter timeframe do not show up on a longer timeframe. If you are always looking at the daily, try the 4H and 1H timeframes. Or if you analyze the hourly 1H times, try looking at the 15 minute and 5 minute and you will see what I mean
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Thanks @Mondeoman for your help, what I was talking about is not a triangle of prices, more like a triangle on an indicator, that is regular and hidden divergence happening at once forming a triangle on the indicator
When you are trading you should have a clear mind. it means that you need to be organized. If you are not able to plan yourslf then you should art least get a trade journal If you keep on trading woth doifferent interests then you willl have problems. Focus on what you want when trading.
Are they bullish, bearish, or one of each? A pic might help if possible. Or, tell us what pair you’re looking at and the time frame.
What does this have to do with the OP?
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As I am a short-term trader I have the appearance of 5M divergences, aspecially regular divergences on my radar. If there is an up or down trend such a sudden divergence is a good signal to exit or enter or stop planning to enter trades. It doesn’t work always, as most of the indicators but if you want to go shure you’d better leave a long or Shorts position if a regular divergence occurs.(in an Up or down Trend)That saved me much money when gold in February suddenly droped like stone- that was indicated by a divergence pattern.
It may happen, that you have different divergences on different time frames, which one is valid for your position depends on your time schedule.
Hi there,
It is a bit difficult to say without a picture example of your triangles. Data can do strange things with graphics, and the other way around too. I have been looking at data on screens (monitors, TV displays, oscilloscopes and many other sensory device) and often what the graph shape is supposed to be conveying to you may not be a shape at all but a natural system response to how the data is input to the device. One thing I observed as a junior field engineer exploring for oil is that any filtering or averaging of discrete data points affects the output curve in time. The more you average something, the further forward it moves in time. That is why ALL indicators are lagging (i.e. after the event most closely approximated by the candlestick or the OHLC graphic). If you cannot understand how a shape has been generated, it’s a bit like smoke and mirrors.
@Mondeoman It’s not different time frames i"m talking about, it happens on one time frame for example here is an image of what i mean
See how the divergence forms in both directions.
Thank you @Kashmaster, but what I mean is it occurring on one time frame, I have posted an example in a reply to @Mondeoman
Thanks @MattyMoney, i have posted a picture of what i mean below. I’d appreciate your input
I don’t see divergence there. Divergence is when the price and the oscillator are telling you different things. Here are some examples:
i See, No Problem!