How to use vmc market cipher b + divergences
Several confluences showing on Vmc Cipher indicator with the Gold buy signal dot.
Several divergences, increasing money flow, bottom momentum waves getting smaller,
1.Blue Anker (very low) wave on gold dot
2.Smaller wave Anker (not a good trigger wave/entry point bc $$ flow not close enough to flipping zero line)
3.Smaller Blue wave (trigger wave) money flowing in almost above zero, vwap above zero.
Also pay attention to RSI & stoch RSI for over bought/sold to predict if other indicators have room to run.
I confluenced with macd, shows imminent reversal.
This is a great indicators, it works best if stretched vertically to read RSI better. I added dashed horizontal lines at 30 & 70 with a purple rectangle extended both ways to look like the default RSI
Several divergences, increasing money flow, bottom momentum waves getting smaller,
1.Blue Anker (very low) wave on gold dot
2.Smaller wave Anker (not a good trigger wave/entry point bc $$ flow not close enough to flipping zero line)
3.Smaller Blue wave (trigger wave) money flowing in almost above zero, vwap above zero.
Also pay attention to RSI & stoch RSI for over bought/sold to predict if other indicators have room to run.
I confluenced with macd, shows imminent reversal.
This is a great indicators, it works best if stretched vertically to read RSI better. I added dashed horizontal lines at 30 & 70 with a purple rectangle extended both ways to look like the default RSI