FOREX Magic Divergence Indicator
Trading through the use of divergence in Forex trading is one of the most popular strategies among traders. The divergences show with great accuracy the reversal of market sentiment and the transition from bullish to bearish trend or the opposite.
What is the divergence in FOREX?
Divergences are standard strategies of the stock speculators. Using divergences in combination with other instruments can lead to impressive results. Obtained by comparing the behavior of the price with the movement of a given technical indicator. The stochastic, MACD, RSI, and any other oscillators can be used as technical indicators.
Magic Divergence Indicator
With our team, we have developed a special trading indicator with which every trader can detect divergences without tension. We have made its use as easy as possible. The indicator draws trends and through the oscillator, which is a combination of Stochastic, MACD, and RSI gives signals to buy or sell. The signals are incredibly accurate. With the help of this indicator, you will repeatedly improve the success of your trading account.
Once the divergence is detected by the indicators, you will receive a pop-up with a signal. Now you will know when to open a position.
It is very important not to open positions before big news, for this purpose every trader must have an economic calendar on hand to follow strictly. You can use the economic calendar of Bulls and Bears.
Always open a position only if it is on-trend. If you have a signal for a long position and the trend is bearish, do not open a buy position. Wait for the sell signal and collect the profit.
If you have opened a long position, close it when a sell signal appears. That’s why the signals come without a take profit, so you can make the most of the signal until the opposite occurs.