Divergence with the price
-The has to go overbought above 80 at the initial impulse leg
-And then at the second HHC we need to see divergence but the cannot be overbought above 80 at the
And the (blue line) stay flat or start having a negative slope(tenting lower)
What we mean by saying "impulse leg" we do not just look at the price action but also in the behavior of histogram which indicates a certain type of momentum strength
Look that smooth curved histogram
Its kinda subjective how this looks and how we identify "smooth"... I am working on how i can calculate that distance between and signal line so we can have an accurate objective signal so we can actually create an algorithm out of it.
As you can see our pattern is slowly tend to be formed in the 1H time frame also