I wrote and optimized Disparit Index for daily but it seems to work on 30 minutes scale. According to chart it can catche on price at a nice place. Absolutely no financial advice, just observation....
Look at that disparity, its ready to touch +4% That's 152 for this month
The tide has turned on USD/JPY as the pair trades sharply below its 52-week Moving Average. Said moving average has been a strong marker of trends in the USD/JPY for the past two decades, and staying below the 52W SMA keeps our focus lower.
The 50-day Disparity Index shows a hidden divergence on the EURUSD that has formed over the past 2 months. It's easy to say that the euro's bearish trend is strengthening ever since the high made at $1.103 on Monday, but it's important to highlight the fact that the presence of such a bearish divergence will likely lead to a break of March's lows ($1.046) with...