ADXm Divergences chart setup for MT4Intrest 1 wrote: Fri Jun 03, 2022 3:37 am I must add that the classic trade on divergence should be when the indicator crosses the zero level after the divergence. it would not be bad for this indicator to add the crossing of the middle level by this gray line, because these are also very accurate reversal signals. After divergences, such crossovers are strong signals
Great input brother, this is definitely the most important trigger for the entry. Outstanding idea and thank you for giving us the information we need.
Within the template below traders can find the indicator adjusted according to Intrest 1's rules:
- ADXm calculating mode set to: ADXm of ADXm
- ADXm period: 14
- Divergences shown: Classic
Don't forget
- Trade the Divergence only when the indicator crosses the Zero level after the Divergence
Thank you Mrtools for making this idea happen!
