Volume + Money Flow + Accumulation Distribution Divergence Formula
1. Layer on top of price 2. Disable 'Hide Pivots' 3. Use Blue stripes (pivots) to identify areas of reversals. These are combined vol/mf/acc/dist divergences and points of exhaustion for either side. When the peaks are at the top, a blue pivot would indicate overbought, at the bottom oversold. Green and Red stripes indicate areas of confirmed divergences / main areas of pivots, however, the blue stripes are more precise for scalping and work near perfectly. In strong trends, sometimes you will get 2 or even 3 pivots in a row before the price reverses, so I wouldn't suggest using the very first availble pivot to enter a position in a strong trend. In accumulative/range type scenarios, 1st blue pivots usually give you the perfect entry. In strong trend / impulsive move scenarios, I would wait for either a 2-drive or a 3-drive divergence (2nd or 3rd blue stripe to appear) to snipe an entry. 4. I suggest enabling all kinds of custom time frames: 1,2,3,4,5,6,7,8,9,10 minutes, 15 minutes, 20 minutes, 25 minutes. For medium time frames, I suggest adding 4 hours, 6 hours, 8 hours, 10 hours. For high time frames, add 4 day, 5 day, 6 day. For anything above, add 2 months and 5 months besides monthly and quarterly. 5. Default colors of peaks are green, you can customize them to make them match your chart's color scheme. I prefer light grey on top of black.
Great job with this one mate! Appreciate this! Would be fantastic if you could write up a more detailed instructional or maybe a youtube video on how to optimise using this indicator. =) anyways thanks again!
Ozmanovic
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Question: Do I need to change the settings for different timeframes, or does the sniper simply adapt when I change them?
LionKing8921
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hello how do you create an alert for the blue strip trigger?