Continuing deeper and stronger with the screeners' educational serie one more time
I - Concept
This is the first flexible screener I'm releasing. Screener detecting a convergence whenever the and MM cross are giving a signal in the same direction.
Those who know me from TradingView ... are aware that I'm big on convergences. I totally think that 1 indicator isn't enough - whatever the timeframe.
But building my own convergence detection systems has been fruitful for me
II - How did I set the screener
The visual signals are as follow:
- square: + MA cross convergence.
- diamond: Only is selected
- circle: Only MA cross is selected
Then the colors are:
- green when
- red when
Below, I highlighted why we see diamonds on the top screener panel. This is because I only selected the filter
Don't forget that you can add the same indicator multiple times on your chart :)
Wishing you all the BEST trading
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.