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Thanks. The indicator can be almost any standard oscillator or momentum indicator, but the concept is the same. Sorry, but this indicator is not available.
Thanks for comment. But, not quite the same. The Apex of a triangle must be on a lower high or a higher low. An extended divergence will be on top of a W or bottom of an M and there is no requirement for the location of the apexes.
I you notice in the chart attach in post#6 there is an extended divergence near the end of the chart but it is not a double triangle divergence. There is no point for the apen to form.
Thanks, but not true @madLyfe. Please read every word on the chart attached to post #6. A regular divergence has no requirement for where the Apex of the triangle forms, it can be on a simple notch or V.
I guess you didn't like my comment. I thought it was supposed to be funny...
If you don't share the indicator, than what is the point of this post/thread?
Why not share it? Just curious, your free to do whatever, but curious why you posted the thread. I agree that the more divergence you have the higher % of success, but curious to hear more.
As for this indicator, I am not at liberty to share, but I have shared many indicators when I could. However, as I said before you can use almost any of the momentum oscillators to get similar results.
I am sharing an idea that works and is free. The point of the post is to be curious enough about the merit of the concept and use it if you find it to your liking, instead of my posting intent.
p.s. I think the next question that will be asked is "why @Fat Tails posts his free trading ideas using his Alphabar charts not available free to others on futures.io (formerly BMT)", regardless of his unselfish contributions.
Regarding Fat Tails's Alphabar , you can ask him for a trial version or better buy it for a very low price considering the time he put into it. So you can not really say it is not available to others on nexusfi.com (formerly BMT). Back to the webinar