Navigating Gold’s Pullback: A Multi-Timeframe Technical Analysis Amid a Strong Dollar
Brief Overview of Recent Hot Topics in Gold Futures A stronger US dollar and market expectations that the Fed will not cut interest rates in the near term (or weakened…
Tesla (TSLA) has exploded out of a prolonged down-trend.
Tesla (TSLA) Daily Trend Analysis The daily chart reveals a Tesla stock in the midst of a significant and powerful bullish breakout, with the TPR (Trend Pullback Reversal) indicator confirming…
How to Use the TPR Indicator More Effectively
How to Use the TPR Indicator More Effectively Let’s explore how to apply two different sets of parameters to the same candlestick chart. This approach can help us better identify…
Trend analysis with Trend Pullback Reversal TPR indicator
The statistics info from Trend Duration Table can provide valuable insights for trend analysis and decision-making in technical analysis. Here’s how each of them could benefit a trader or…
MACD Divergence: A Powerful Tool for Market Analysis
MACD Divergence: A Powerful Tool for Market Analysis In the world of technical analysis, the Moving Average Convergence Divergence (MACD) divergence is a widely utilized and well-regarded indicator in the world of trading. It provides traders with valuable insights and enables them to make knowledgeable trading decisions. This indicator combines trend following and momentum-based signals to identify potential price trend reversals and trend continuation. This article will discuss the basics of MACD divergence and how traders use it to analyze the market. What is MACD Divergence? MACD divergence is a technical analysis tool that compares the price action of an asset to the behavior of its underlying momentum indicator, the MACD. When the price of an asset is making higher highs, but the MACD is making lower highs, it is said to be showing positive divergence. Conversely, when the price of an asset is making lower lows, but the MACD is making higher lows, it is considered a negative divergence. The pic below is from our MACD divergence indicator with alert for NinjaTrader 8. How Traders Use MACD Divergence Traders use MACD divergence as a signal to buy or sell an asset based on the trend reversal or continuation of the price. Positive divergence indicates that the underlying momentum of the asset is bullish, suggesting that the price is likely to continue to rise. Negative divergence, on the other hand, suggests that the momentum is bearish, and the price is expected to keep dropping. Another consideration for traders is the use of different types of MACD divergence, such as regular divergence and hidden divergence. In contrast to regular divergence, where the price of an asset and the MACD move in opposite directions, hidden divergence occurs when the price and the MACD move in the same direction but at varying speeds. Traders can also use hidden divergence to identify the potential continuation of a trend. The pic below is from our MACD divergence indicator…