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[amibroker] Re: Hidden Divergence



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Hi,

>>Am I correct in my analysis that this constitutes bearish hidden
divergence, and the probability exists that the downtrend will resume? 

I don't know what you mean by "hidden", simply a divergence is : 
the price makes a second top higher ( or flat at the same level )
and the momentum's second top is lower ( weak )
A downtrend could appear.
Sometimes there are three tops before the price collapse.
 

I know no rules concerning volumes. I can't say anything.

BTW, it would be nice to draw automatically such divergence with an
AFL formula...

Best regards

--- In amibroker@xxxxxxxxxxxxxxx, "Gerard Carey" <gcfinance@xxx> wrote:
>
> I'm attempting to sharpen up my `Hidden Divergence' skills.
> The .doc attachment shows a recent period on the S&P500 chart where I
> have attempted to define an instance of `Hidden Divergence'. 
> I'd appreciate your comments as to my analysis. 
> Also links to sites that have useful explanations.   
> 
> The .jpeg attachment shows the chart with greater clarity, but without
> my waffle.
> 
> Regds, good trading, and Merry Christmas,
> Gerard
> 
> -- 
> http://www.fastmail.fm - Access your email from home and the web
>



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