fine. would you care to tell us what your definition of divergence is please?
my MACD on daily with DiNapoli parameters does not show any divergence. also, divergence appears and disappears depending on the periods the indicator is set to compute over. all i can see from your chart, is that MOM and MACD is going up, the other indicator i cannot makeout, the chart window is too squeezed vertically, it's hard to see properly.
my concern also is regarding the time span you are using to compute this. we have a time pivot at where the major low occurred. IMHO this resets the system. indicator patterns that are meaningful should be identified after that time point for M1 up to daily charts, but not longer TFs. meaning, the context we are looking at on daily goes as far back as that low. beyond that, then i would look at weekly and monthly.
so based on this, all we can see on daily is basically a continuation (up to now) of the downtrend as market is keeping below that trend line, and the up move from the low was just a retrace, not a reversal.
divergences are useful to pinpoint potential beginnings of reversals <-- sorry my mistake--not reversals, but retracements.
also, on daily, market is falling from interim top as defined by trendline connecting with the higher tops on the left of chart. we don't have any signs of a reversal under way here on daily, yet. nor do we have a sign of further retracement within the context of the drop from the highs, which is the time frame you are referring to since you take into consideration the lower highs on your indicators and the higher market price compared to the lower market price after the historical low.
but if we use the historical low as the start of the context for daily and below TFs, we have reversal underway of the bounce from that low, and within context to the left of historical low, we have continuation of bearish drop from historical high.
wrong sentence again, sorry --> [[by reversal, i mean in the context of the daily chart, reversal of the down move from the historical high.]] (drinking beer, what can i say?
ah screw it ... too many words to explain what chart simply shows. good luck.
Everyone looks @ indicators differently and there's nothing wrong with that and from what I can work out and I don't follow Sive all that often but Sive just uses the MA's on MACD to give the hidden divergence and I agree the MA's giving the divergence is a much stronger signal than just the histogram and both the MA's and histogram together is even a more stronger signal in my book but me I use both MOM and MACD to give hidden divergence
But as Sive replied in one of my post's you can just use the histogram if I recall correctly,either way @ close of this D1 the MA's will have crossed give the hidden divergence now anyway!
I ignore nothing and take what I see as a warning sign or signal!