Not exact matches
Bearish divergence, when price makes a new high but the RSI does not is taken as a sell
signal.
The 4H gives us a trend reversal
signal based on a
bearish divergence.
A sell
signal appears when there is a
bearish divergence (the price reaches a higher high, but the ultimate oscillator does not), OR the ultimate oscillator rises above 50 and then falls below the lowest point reached during the
bearish divergence
When combining
bearish divergence and shooting star candlestick patterns, the
bearish divergence is actually the key
signal.
I wouldn't normally use this moderate candlestick
signal on its own, but I would take it in combination with other
bearish indicators, such as
bearish hidden
divergence.
ex4 is a modified Moving Average Convergence
Divergence oscillator with a nice visual display of histograms aligned below & above the 0.00
signal level to depict
bearish / bullish trend respectively.