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Among other comments, SP Broker1@xxxxxxx wrote:
> 2.) Is the move OLD? Count your bars. If you are into the 10+
> range of bars in the present move, this is telling you a turn may
> happen sooner rather than later.
What kind of divergence are we talking about here? It sounds like
just a few bars in which RSI ticks down while price is rising. What
little work I've done on divergence has always focused on patterns
where price peaked, receded, and peaked higher, while RSI (or
some other oscillator) failed to climb as high at the second price
peak as it had on the first. (Adjust in the obvious ways for down
moves.) These patterns were longer than 10 bars almost by definition.
What am I missing?
Owen Davies
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