OPEN-SOURCE SCRIPT
BB %B Divergence Warning
This indicator will predict a direction change or consolidation in the price and it will alert on the candle BEFORE the change.
It is a WARNING SYSTEM ONLY and does not always alert on a change, so make sure you only use it as confluence to your existing predictions.
It can be used as a high confidence reversal indicator off critical zones, or to take profit for pullbacks and consolidation.
The indicator is simple - %B divergence. Close price lower/higher than previous candle where %B diverged higher/lower respectively.
Orange is the first higher warning. Red is where you have two or more in a row.
Blue is the first lower warning. Green is where you have two or more in a row.
Sometimes you will have blue on the high side or orange on the lower side. It's just divergence and the next candle will still be short/doji or reverse.
This indicator was coded by uewuiffnw for the Gs in The Real World.
Join The Real World app.university.com to learn how to make money.
It is a WARNING SYSTEM ONLY and does not always alert on a change, so make sure you only use it as confluence to your existing predictions.
It can be used as a high confidence reversal indicator off critical zones, or to take profit for pullbacks and consolidation.
The indicator is simple - %B divergence. Close price lower/higher than previous candle where %B diverged higher/lower respectively.
Orange is the first higher warning. Red is where you have two or more in a row.
Blue is the first lower warning. Green is where you have two or more in a row.
Sometimes you will have blue on the high side or orange on the lower side. It's just divergence and the next candle will still be short/doji or reverse.
This indicator was coded by uewuiffnw for the Gs in The Real World.
Join The Real World app.university.com to learn how to make money.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.