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You can use an MACD for price reversal too. For example if the peaks in the
MACD are trending lower while the price is going higher then a trend
reversal is likely (vice versa for higher lows in the MACD).
From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of ais2020
Sent: Sunday, June 24, 2007 6:57 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] Re: TREND REVERSAL
--- In HYPERLINK
"mailto:equismetastock%40yahoogroups.com"equismetastock@xxxxxxxxxxxxxxx,
"garry" <garry_gc@xxx> wrote:
>
>
> Hi,
> Any one have an idea about any trend reversal indicator.I have a Tom
> Demark's and Larry William's indicator for trend reversal and I
want to
> know other than this two legendary guys.
> If u have an idea about any trader or indicator pl. tells me.
>
> Regards,
>
> Garry. [:)]
Hi Garry
u may try Aroon indicator. Also it is important to learn how to spot
divergance between RSI and price graph.
Good Luck
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