PROTECTED SOURCE SCRIPT
Market Divergence (Line version) ©MBYLAB
Good morning.
This indicator measures the distance between the moving average line and the current price position, so you can check the price divergence.
logic
In general, when the closing price breaks below the moving average and closes, it can be interpreted as downward divergence.
Based on the logic described above, this indicator will have a darker color as the current price position is further away from the set moving average.
When this indicator starts changing from red to yellow, it can be interpreted that the trend is reversing.(Bearish -> Bullish)
How to use
First, set the existing candle chart in the upper left to invisible and then apply the corresponding indicator.
Anyone can use this indicator, no special conditions are required.
This indicator measures the distance between the moving average line and the current price position, so you can check the price divergence.
logic
In general, when the closing price breaks below the moving average and closes, it can be interpreted as downward divergence.
Based on the logic described above, this indicator will have a darker color as the current price position is further away from the set moving average.
When this indicator starts changing from red to yellow, it can be interpreted that the trend is reversing.(Bearish -> Bullish)
How to use
First, set the existing candle chart in the upper left to invisible and then apply the corresponding indicator.
Anyone can use this indicator, no special conditions are required.
Script protégé
Ce script est publié en source fermée. Toutefois, vous pouvez l'utiliser librement et sans aucune restriction - en savoir plus ici.
Hi, im Quant from KR
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script protégé
Ce script est publié en source fermée. Toutefois, vous pouvez l'utiliser librement et sans aucune restriction - en savoir plus ici.
Hi, im Quant from KR
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.