A handy little indicator to help identify different kinds of convergences/divergences
The indicator compares price movements with the momentum and volume movements, Hidden divergences are left out, at least in the first version, because I wanted this indicator to be as simple as possible.
The divergences are shown with labels, user can change the momentum/volume indicator used to identify divergences in the settings.
What parameters are used in Pivot look back left/right?. Should we set Pivot look back right = 0, in order to use for identifying divergence in the near future?
aronald
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@PaveenS, if you set the parameters to lower numbers then this indicator will miss the tops. So it's not helpful to use at all since it relies on future data.
aronald
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@aronald, I shouldn't say it's not helpful. You just have to wait 6 periods (by default) before the candle is marked. If you adjust the look back parameter to a lower number then it sill might work ok.
GodWilling
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Used for spotting divergence backwards in time? The divergence shows up 5-6 candles later.
waimeng78
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Woah.. Awesome. Made my analysis so much easier. Thank you very much!!!
kundan32mzn
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sir, thanks for very useful indicator.
matus13
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ขอบคุณค้าา
ckoen01
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Good day. Is it possible that you can create a alertcondition for the plotlabel "Bullish Divergence" so that it is a buy signal?