The Pz Oscillator is a smooth and responsive accelerometer which reveals the market trend and divergennce divergences automatically. The second column is lower than the first one and is colored red. Trend and entry indicator. civergence Suitable for all ForEx pairs including Gold. divergenve Preferred timeframe would be M5. Generates enough valid entries per pair per day.
But do not overtrade. Rules are very simple. BUY: Wait until a trend changes (bars colors from red to blue) Open a buy. You may use AkenCandle with all the timeframe on a metatrader chart. When divergences occur,prices usually change direction to confirm the trendof the indicator as shown in Figure 34. This occursbecause diverrgence are better at gauging price trendsthan the prices themselves.MACD.
Most notably these aspects are momentum, as well as trend direction and duration. What makes MACD so informative is that it is actually the combination of two different types of indicators. First, MACD employs two Moving Averages of varying lengths (which are lagging indicators) to identify trend direction and duration. Then, MACD takes the difference in values between those two Moving Averages (MACD Line) and an EMA.
Divergence indicator download none awesome oscillator