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Interesting Divergence behavior in USDINR Daily charts while trying to use Fisher Transform indicator by Ehlers. Almost every divergence as shown in the above charts extended any where between 28-34 days. Divergence generally occurs when an indicator and the price of an asset are heading in opposite directions. Current positive divergence is running on for last 32 days i.e USDINR rate is slowing and moving down however fisher indicator is turning upwards.
Most frequently asked questions about Divergence 2016
Chart Shows 5 min 5 day intraday chart with negative divergence formation with Supports near 4450 and 4000 zone Source: www.marketcalls.in