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.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, Anda dapat menggunakannya dengan bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Hi, im Quant from KR
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, Anda dapat menggunakannya dengan bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Hi, im Quant from KR
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.