Differences in market trends are a clear indication that a reversal may be imminent. Experienced traders often use these differences to confirm potential changes in the direction of the trend.
The FX5 Divergence V2.0 Indicator is a tool designed to assist traders in identifying indications of a trend reversal based on divergences through technical analysis.
How the FX5 Divergence V2.0 Indicator Works?
The aforementioned metric examines the values of swing highs, swing lows, peaks, and dips in order to detect potential disparities. It arranges the identified peaks and dips with the corresponding swing highs and lows
If a difference in the inclination trend among the linked swing points and high and low points is identified, the system will automatically recognize that particular moment as a divergence
Afterwards, it will draw a line linking the dots and an arrow indicating the direction of the signal for reversal.
Buy Trade Setup
When to Enter?
If the FX5 Divergence V2.0 Indicator detects a reputable bullish divergence, initiate a purchase order.
When to Exit?
If the bars of the FX5 Divergence V2.0 oscillator swing to positive, wait for them to drop back to negative before closing the trade.
Sell Trade Setup
When to Enter?
If you notice a valid bearish divergence as per the FX5 Divergence V2.0 Indicator, then proceed with placing a sell order.
When to Exit?
If the oscillation bars of FX5 Divergence V2.0 move towards negative, wait till they swing back to positive before closing the trade.
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<p>The post FX5 Divergence V2.0 Indicator first appeared on EzyForexTrading - Download Metatrader Indicators and Learn trading!.</p>
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