Bearish/Bullish divergent bar.
One of the signals of the “Trading Chaos” system by Bill Williams. (The First Sage)
When moving away from the “Alligator” indicator and there is a divergence on the “Awesome Oscillator” indicator, it shows a potential point of movement change.
It is based on the opening/closing of the bar, the position relative to the previous ones, the Alligator and the AO.
When trading, the entry is made on the breakout of the bar (short-low bar, long-high bar), and the stop loss is placed beyond the extreme point of the bar.
For a more effective development of the system, read and see the materials of Bill Williams.
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