Best Divergence Indicator - Divergence Indicators
The best divergence technical indicator is the RSI, traders can use this technical indicator to check divergence when trading forex currencies.
The two types of divergence -bullish & bearish divergence are explained below.
RSI Hidden Bullish and Bearish Divergence Setups
Hidden divergence is used by traders as a possible sign for a price trend continuation. Hidden divergence occurs when price retraces to retest a previous high or low.
Hidden RSI Bullish Divergence Trading Setup
Forms when the price is making a higher low (HL), but the oscillator technical indicator is displaying a lower low (LL).
Hidden bullish divergence in forex occurs when there is a retracement in an uptrend.
Hidden Bullish Divergence - best divergence trading indicator
This set-up confirms that a retracement move is exhausted. This divergence indicates underlying strength of an uptrend.
Hidden RSI Bearish Trading Divergence
Forms when price is making a lower high ( LH ), but the RSI is displaying a higher high ( HH ).
Hidden bearish divergence in forex occurs when there is a retracement in a downtrend.
Hidden Bearish Divergence - best divergence technical indicator
This divergence setup confirms that a retracement move is exhausted. This divergence indicates the underlying strength of a down-trend.
Learn More Lessons & Tutorials:
- MetaTrader AS51 Stock Index AS 51 MT5 Forex Software
- What is the Best XAU USD Leverage to Use in XAU/USD for Beginners?
- Hang Seng 50 MT4 Hang Seng Name in MetaTrader 4 Platform
- Automated Parabolic SAR Trading EA
- Stochastic Indicator Gold Analysis in XAU/USD
- Gold Market Session Overlaps & The Three Major Gold Sessions
- How Can I Use Bears Power Technical Indicator in Trading?
- How to Use MetaTrader 4 DeMarks Projected Range Indicator
- How Can I Use Linear Regression Indicator in?
- Inserting Line Studies Tools on the MetaTrader 4 Trading