Don't just play a two-point divergence. Instead, play a three-point divergence forming triangles, especially if the apexes form opposite of each other.

i dont get why you are following the yellow line in the indicator below(OBV?) on one triangle, then following the yellow and the black on the other triangle?

@ madLyfe,

Thanks for catching that. That was a drawing Boo Boo Here are two examples (a single triangle and a double). Double triangles diverging are very powerful. Rare, but if the two apexes (of double triangles) form in opposite direction, its a knockout.

LOL i must be half asleep but i am trying hard to see the difference between what you call a single versus a double triangle. In both cases in your example, i see a single triangle. Never heard of that triangle perspective before, where does it come from ?

@ madLyfe,

Thanks for catching that. That was a drawing Boo Boo Here are two examples (a single triangle and a double). Double triangles diverging are very powerful. Rare, but if the two apexes (of double triangles) form in opposite direction, its a knockout.

@trendisyourfriend

Sometimes it is dangerous to LOL in asleep Here is an example of a double triangle divergence.

you know that all of this is just regular divergence.. and that double triangle thing you put up is a regular triple divergence.. just draw a line across the tops of price and the indicator peaks.. dont need the extra two lines for the triangles..

ya but no fun in that.

This indicator you are using seems to be quite reactive to small swings. What is it called ? And what's your settings if it is available to all ? Thanks

Looks like an extended divergence.

you know that all of this is just regular divergence.. and that double triangle thing you put up is a regular triple divergence.. just draw a line across the tops of price and the indicator peaks.. dont need the extra two lines for the triangles..

"But wait, there is more...."

"If you buy two divergences, for the price of one, you will get a free trade! That's right! A free trade!"

@trendisyourfriend,

Thanks. The indicator can be almost any standard oscillator or momentum indicator, but the concept is the same. Sorry, but this indicator is not available.

I guess you didn't like my comment. I thought it was supposed to be funny...

If you don't share the indicator, than what is the point of this post/thread?

Why not share it? Just curious, your free to do whatever, but curious why you posted the thread.

@bluemele;

Thanks, your joke was funny, I am still rolling

As for this indicator, I am not at liberty to share, but I have shared many indicators when I could. However, as I said before you can use almost any of the momentum oscillators to get similar results.

I am sharing an idea that works and is free. The point of the post is to be curious enough about the merit of the concept and use it if you find it to your liking, instead of my posting intent.

p.s. I think the next question that will be asked is "why @Fat Tails posts his free trading ideas using his Alphabar charts not available to others on futures.io (formerly BMT)", regardless of his unselfish contributions.

Cheers!

i dont want it, but it does kinda seem silly not to even share a name.. but im also just stirring the fire..

...
p.s. I think the next question that will be asked is "why @ Fat Tails posts his free trading ideas using his Alphabar charts not available to others on futures.io (formerly BMT)", regardless of his unselfish contributions.

Regarding Fat Tails's Alphabar , you can ask him for a trial version or better buy it for a very low price considering the time he put into it. So you can not really say it is not available to others on futures.io (formerly BMT). Back to the webinar

Regarding Fat Tails's Alphabar , you can ask him for a trial version or better buy it for a very low price considering the time he put into it. So you can not really say it is not available to others on futures.io (formerly BMT). Back to the webinar

Of course, I feel obliged to comment that statement....

I have shared about 100 free indicators, still growing. There are a few, where I have spent entire weeks or months designing them. I do not share those for free. I have stopped to put these on charts that I post in line with the forum rules.

All "ana"-indicators are freely available. "alpha"-indicators are typically work-in-progress I am not selling any "alpha"-indicators. There are currently five "alpha"-Indicators. You are probably talking about the paintbars which I use on most of my charts. The other one, which I have occasionally posted is the Pullback-Oscillator, which actually is a project unfinished since more than a year.... By design it is not very different from an MACD, so you can use MACDBBLines instead.