Sentences with phrase «bullish divergence signal»
Bullish divergence signal (trend reversal) A bullish RSI divergence occurs when RSI makes a higher low while price makes a lower low.
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Bullish divergence that is interpreted as a buy signal occurs when price makes a new low, but the RSI value does not.
The bullish divergence gives us a trend reversal signal.
Bullish divergence gives a trend reversal signal.
The double bullish divergence is a strong trend reversal signal.
The Relative Strength Index (RSI) on the daily chart is moving sideways along the 70 technically overbought level, in bullish territory with a Moving Average Convergence Divergence indicator (MACD) that is flat on the signal line and falling on the histogram.
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.
The Relative Strength Index (RSI) is bullish and hovering around the technically overbought level, but no where near extreme, with a Moving Average Convergence Divergence indicator (MACD) histogram moving back higher along with the signal line on the daily chart.
If a bullish divergence is triggered by the Wildhog NRP Divergence.ex4 custom indicator as seen on Fig. 1.0, price is said to be on its way up, hence a buy signal is in the offing.
The trading idea is based on a bullish divergence which gives us a trend reversal signal.