we need knooxville divergence toidentify turning points.
how does it work?
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three steps
BUYING
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STEP1
price making low and lower low
step2
momentum 21 making low and higher low
step3
Rsi 21 must be oversold below 30
now a bullish diverhgence is set.
it is not a guaranteE but a suggestion that soon price can move up
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SELLING
STEP1
PRICE MAKES HIGH AND HIGHER HIGH
STEP2
MOMENTUM 21 Makes a high and lower high
step3
rsi21 goes ovrbought above 70
it is nt a guarantee and only a suggestion that soon price can fall
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PLEASE CODE IN AFL
PRICE
MOMENTUM 21
RSI 21
BULLISH DIVERGENCE
PRICE GOING LOWER-MOMENTUM GOINGHIGHER-RSI GOES OVERSOLD
A GREEN LINE IS DRAWN ON PRICE LOW AND LOWER LOW
BEARISH DIVERGENCE
PRICE GOING HIGHER
MOMENTUM GOING LOWER
RSI GOING OVER BOUGHT
A LINE IS DRAW N PRICE LINKING HIGH TO HIGHR HIGH
NEED TO MODIFY EXISTING AFL TO SUIT OUR NEEDS
https://www.wisestocktrader.com/indicators/2139-divergence-all-in-one-for-amibroker-afl
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