Simply put, as defined by Investopedia.com, "divergence in an uptrend occurs when price makes a higher high, but the indicator does not make a higher high. In a downtrend, divergence occurs when price makes a lower low, but the indicator does not make a lower low."
Source: http://www.investopedia.com/articles/trading/08/price-momentum.asp
COMPLETE cheat sheet can be found here - http://www.babypips.com/school/high-school/trading-divergences/divergence-cheat-sheet.html
Source: http://www.investopedia.com/articles/trading/08/price-momentum.asp
COMPLETE cheat sheet can be found here - http://www.babypips.com/school/high-school/trading-divergences/divergence-cheat-sheet.html
Daily .csv data from 2006 to present - bit.ly/psemonitordata
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