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Blimey. As if you would spend $1500 for a divergence indicator, (and a load of other stuff you don't want).
Those pictures showing bearish divergence could be got just as well from using the RSI which you mentioned "Like macd or rsi".
All oscillators are basically going to be the same workings anyway and I bet in the longterm they generally have the same sort of consistency. One setting could be better one day than another and vice versa but anybody you find promoting a "winning divergence indicator", "better divergence indicator" etc is just going to be some shyster anyway.
I would suggest just picking one of those common well regarded basic oscillators, add it to your chart and watch it and look for patterns you see repeating, then come up with a strategy from that and get on with it.
Just a thought, but trying to find a better/best indicator is a never ending quest and largely a waste of time. IMHO
You do not win as a trader, you just get to play again the next day. If that game doesn’t appeal to you then you should not trade. Gary Norden
The concept of coloring bars is nothing new and everyone does it for certain filters. However, the idea for using gradient color bars to spot price divergence may not be new, but has gone un-noticed by many.
PM with any questions about Cannon Trading (800) 454-9572 (310) 859-9572. Trading commodity futures, forex and options involves substantial risk of loss. The recommendations contained in this post are of opinion only and do not guarantee any profits. These are risky markets and only risk capital should be used. Past performance is not necessarily indicative of future results.
