Divergence Indicator

[ElectricSavant]

 

[Handle123]

My view of using the standard "Divergence" has changed and today classic reason of when Divergence does not work such as in one minute Nasdaq, you can lose your account as MACD going down as most of the day so far grinds on up.

One of areas of value using MACD is when blue line is clearly above zero line and gone above red line to call it a trend.

I find better indicator is highs/lows of price to show possible reverses of what I call "Small Breaks". Breaking a recent pivot LOW by one point or less and even better are 2 in a row.
Chart is NQ.

 

[IAlwaysWin]

MACD going down as most of the day so far grinds on up.

Who executes orders on a 1 minute chart? I don't even look at 1 minute charts because there isn't enough historical data to make accurate calculation anyhow. MACD is good on a H1 and up timeframe and nothing lower in my opinion.

 

[easymon1]

Lentz Volatility Indicator
https://www.dogpile.com/serp?q=Lentz+Volatility+Indicator

I was looking at for the XLK short entry.
Note the divergence marked on the daily chart with a red bar above the volatility plot in the top chart pane and a green bar above price. On the hourly chart, note that we gapped down through a volatility "level" and then bounced off of the second one (yellow lines). The levels defined by these volatility swings are not always actionable, but they are definitely levels to watch and add to the mix of information. This trade was based purely on the chart pattern and my read of the overall market conditions. I'll need to see some momentum develop soon to justify holding.
If interested, post or pm me with questions and/or comments.

https://www.elitetrader.com/et/attachments/xlkdaily-png.304190/
https://www.elitetrader.com/et/attachments/xlkhourly-png.304191/

from Sigue!, post: