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Need help for this very very simple indicator 1 reply

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Attachments: Two systems in one - Very simple divergence strategy
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Two systems in one - Very simple divergence strategy

Great method! Your strategy can also be used as a strategy to find reversal points as a compliment to other strategies. Keep up the good work. Will follow your thread.
Quoting spacetravel
Hello everyone, I am new to this forum and I want to share the system that i am developing with the sole intention of exchanging ideas and listening to your contributions. Like many of you I have spent years trying to achieve stability and consistency trading the forex market and like many of you I have blown up several accounts before I could reach balance, emotional and financial. My system is very simple, so simple it's boring, but I've seen over time that growing an account is a slow and boring process but it's worth it *Remember it is still...
Thanks for the strategy, do you operate in a prop firm or do you operate with your own capital?
SP500 | 1,000 Ticks Charts
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Quoting andrelucas
{quote} Thanks for the strategy, do you operate in a prop firm or do you operate with your own capital?
Propfirm, Topstep
  • Post #165
  • Quote
  • Edited 12:57pm Nov 18, 2023 10:11am | Edited 12:57pm
Fascinating strategy. My contributions (pinescript) will be an indicator that automatically detects divergences. Additionally, RSI candles to visualize over extended trends. These are the best times to trade this system. Looks very good!
After testing, Triple divergence seems infinitely more powerful. The less divergences, the more you will rely upon other indicators to help confirm entries.

The longer the trend (further price has deviated from its mean) the less you will rely on other indicators for entry confirmations (specifically when dealing with counter trend).

These concepts together can increase profitability with this system.
SP500
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