Relation Between MACD Divergence and Harmonics Patterns
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Dear Traders,
Is there any relation between Harmonics Patterns and MACD Divergence? I used MACD(12,26,9) on my Scanner charts. Let’s check some Patterns:
For all 4 patterns, as you can see we have MACD divergence(Red Line). Divergence is a powerful tool for filter invalid Harmonic patterns. So when you find a pattern, add a MACD(12,26,9) on your chart and check divergence on MACD.
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