Divergence--untamed beast or man's best friend?

Discussion in 'Technical Analysis' started by thruline, Aug 25, 2005.

  1. thruline

    thruline

    invaliduser:

    Any favorite patterns you look for?

    Agreed, without some form of confirmation, it can be a bit like catching a falling knife.

    Pat
     
    #11     Aug 25, 2005
  2. More like getting your throat slit... :(

    Dude, you gotta pretty up those charts a little. How are you taking
    pics of them and posting them into ET?
     
    #12     Aug 25, 2005
  3. thruline

    thruline

    77:

    I use 'snag it'. I think there are other freeware/shareware proggies out there that do the same thing.
     
    #13     Aug 25, 2005
  4. I have a couple of charts I would like to share but have no clue in how to take a pic and post it directly into the thread so people don't have to open a file.

    Any ideas ?

    Thanks.
     
    #14     Aug 25, 2005
  5. thruline

    thruline

    #15     Aug 25, 2005
  6. thruline

    thruline

    The attached file shows a very clear buy signal. As the market rallies to the pivot line, it indicator shows weakness before it stalls out there.
     
    #16     Aug 25, 2005
  7. Eewh, ugly ugly charts. Ugly. I honestly beleive, there is a conspiracy of shitty software out there, to cut through the profits and skill of traders around the globe. Hey, if you disagree-but all my google surfing suggests "divergence" is one of the hardest things to actually program a computer to recognise, period.
    How can this be?
     
    #17     Aug 27, 2005
  8. :D

    LOL. Maybe the Ugly charts helps the man concentrate on the "game" rather than admiring his charting software.

    PS. I don't like the eSignal LAF either.
     
    #18     Aug 27, 2005
  9. The recognition of any divergence is relatively easy and fast.
    The only thing you need is a clear, unambiguous definition. The rest is trivial. You may have a look at my divergence codes in
    http://www.amibroker.com/library/list.php
    for more details.
     
    #19     Aug 27, 2005
  10. I used the MACD and/or stochastic divergence for light crude oil futures over the last 5 years. The story is ALWAYS the same...
    The last example was a net +40% and it was not bad at all !!
     
    #20     Aug 27, 2005