Forex Divergence Indicator is a good technical method. Divergence has a two-way process. It will forecast the Trend Reversal signal & Trend continuation signal. You can use RSI, MACD, Stochastic to identify divergence patterns. This indicator support any currency pairs & any time frame.
When you this system or any other forex system please follow forex market news. When you trading forex you must take your own risk. So, definitely follow money management. Otherwise, your forex journey will end before you begin. First, you learn. Then practice. After you can earn. Otherwise, your whole money will be loss.
Regular Bullish Divergence.
if Oscillator is making Higher Lows & at that time Price is making Lower Low, it’s called Regular Bullish divergence. This will happen end of the downtrend.
Regular Bearish Divergence
if Oscillator is making Lower High & at that time price is making Higher High, it’s called Regular Bearish divergence. This will happen end of the uptrend.
Hidden Bearish Divergence
If Oscillator is making Higher High & at that time price is making Lower High, it’s called Hidden Bearish divergence. This mean Trend may be further downtrend continuation.
Hidden Bullish Divergence
If Oscillator is making Lower Low & at that time price is making Higher Low, it’s called Hidden Bullish divergence. This mean Trend may be further uptrend continuation.
How to trade with Forex divergence Indicator
Change Indicator settings as above picture. You can enter to buy Trade when appear hidden Bullish Divergence signal or regular Divergence signal. Also, you can enter to sell trade when appear hidden Bearish divergence or Regular Bearish divergence.
Exit your trade with target profit pips. otherwise, use your other take profit strategy
You can use a higher high or lower low level for stop loss level.