Banzai wrote: Sun Dec 29, 2019 9:43 am RBCI = Range Bound Channel Index

Range Bound Channel Index - is an overall sum of all main market cycles. Range filter parameters are selected from the current market spectrum. In simplified formula RBCI (k) = FATL (k)-SATL (k). RBCI is a quasi-stationary process that is a process with bound spectrum. When RBCI approaches its local maximum the prices approach the upper border of the trading channel and when RBCI approaches its local minimum the prices approach the lower border of the trading channel.

ChatGPT wrote:Forex divergence is a trading concept that refers to a disagreement between the price action of a currency pair and an indicator, typically oscillators like the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), or Stochastic Oscillator.

There are two main types of divergence:

Regular Divergence: This occurs when price makes higher highs or lower lows, but the indicator fails to do so, signaling a potential reversal in the current trend.
Hidden Divergence: This occurs when price makes higher highs or lower lows, while the indicator moves in the opposite direction, suggesting a continuation of the current trend.

Traders use divergences to identify potential trend reversals or continuations, as they can signal shifts in momentum and suggest potential entry or exit points for trades. However, it's essential to confirm divergences with other technical analysis tools and consider other factors such as market conditions and fundamentals before making trading decisions.