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Relation Between MACD Divergence and Harmonics Patterns

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:

Chart CADCHF, H1, 2020.03.17 14:53 UTC, FX Choice Limited, MetaTrader 4, Real
Chart CHFJPY, H1, 2020.03.17 14:53 UTC, FX Choice Limited, MetaTrader 4, Real
Chart NZDJPY, H1, 2020.03.17 14:54 UTC, FX Choice Limited, MetaTrader 4, Real
Chart EURNZD, H1, 2020.03.17 14:54 UTC, FX Choice Limited, MetaTrader 4, Real

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.
Regards,
FxMath Financial Solution
By on March 17, 2020   /   Article  

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