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L33thal

2,159 Posts.

9

07/02/16

10:22

Post #: 16960447
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Originally posted by mitta ↑

Hi L33thal, firstly, its got nothing to do with the fine Wyckoff education that Jako is providing on this thread. It's simply a custom made divergence indicator that's made up of a blend of leading divergence/s with a few extras treats thrown in. I mostly use it on a short timeframe which can sometimes pick up on any potential short reversals. These reversals will always be missed on anyone that's using a lagging/trending indicator (MACD, TRI, ADM, TII etc) which are useless in sideways or trading range action. During these periods of sideways/confused action the lagging indicator will throw off multiple false signals which of course is a waste of your time.

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Ah, thanks... Have never heard of it before until you mentioned it, would explain since its custom
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