This is how I have been using this indicator, coloring the divergence bars a separate color helps them stand out and makes it easy to build the rest of the model around the strong volume in the bars.
Bullish (PD) arrays down at the 62% to 78% retracement levels. I am anticipating a mid-week reversal potentially emerging from an accumulation phase near the top of the range at the Point of Control (POC). My focus on Wednesday, aiming for a break of the short-term highs, followed by a downward shift toward the retracement levels. Ultimately, I plan to initiate a...