Identifying Higher Highs/Lower Lows (And a Potential Bearish Setup on SPX)

In this video, Allison Ostrander, Director of Risk Tolerance, reviews one of her favorite trading indicators that has allowed for great intraday setups. She also shares a potential bearish setup to consider using the indicator. 

 

The Divergent Bar is an indicator that can help identify a higher high or lower low within the next three bars compared to the bar that prints the signal. This can be used from an intraday chart as small as 30 minutes all the way up to a Quarterly or Yearly time frame. This has allowed for some great intraday setups like the setup I identify on NFLX. I also share a potential bearish setup to consider using the Divergent Bar indicator on the SPX Weekly time frame.

To learn more information on Allison’s Divergent Bar indicator, visit the link here.

May the trade be with you,

Allison

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