The Market Thrust indicator could be used for detecting divergences in trends. Divergences occur when:
An illustration of the Market Thrust indicator uncovering divergences in price trend is shown below in the 5-minute chart of the mini-Dow Jones Industrial Average futures contract:
The first third of the day, the Dow futures contract increased quite impressively. However, the Market Thrust indicator was falling – an equally impressive bearish divergence. In fact, the Market Thrust line was lower when the Dow future made its high for the day, than the level of the technical indicator was when it first opened the day.
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