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Free Forex Divergence Forex Trading Indicator Download Mt4
Forex Divergence Indicator is a good technical method. Divergence has a two-way process. It will forecast the Trend Reversal and an indication for the continuation of a trend. To find divergence patterns, you can utilize the RSI, MACD, and stochastic indicators. Any currency pair and any time window are supported by this indicator.
Please keep up with currency market news when using this system or any other forex strategy. When dealing foreign exchange, you must assume all risk. So make sure to practice money management. If not, your forex trip will come to an abrupt halt. You start by learning. then exercise. Once you have earned. Otherwise, you will lose all of your money.
Regular Bullish Divergence.
if Oscillator is making Higher Lows & at that time Price is making Lower Low, it’s called Regular Bullish divergence. This will happen end of the downtrend.
Regular Bearish Divergence
Regular Bearish Divergence occurs when the price makes a higher high while the oscillator makes a lower high. The rise will come to an end with this.
Hidden bearish divergence is when the oscillator makes a higher high while the price makes a lower high. This negative tendency can continue the current downward trend.
If Oscillator is making Lower Low & at that time price is making Higher Low, it’s called Hidden Bullish divergence. This mean Trend may be further uptrend continuation.
How to trade with Forex divergence Indicator
Set the indicator as shown in the above image. When a hidden Bullish Divergence signal or a standard Divergence signal appears, you can enter to buy a trade. Additionally, you can enter a sell trade when a regular or concealed bearish divergence appears.
Exit your trade with target profit pips. otherwise, use your other take profit strategy
You can use a higher high or lower low level for stop loss level.
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