Automatically draws divergence trends on your charts.
█ CONCEPTS
Key features • The script would find all pivot points using built-in functions. • Then it would calculate the RSI/MACD level at those pivot bars. • At last we're using RSI/MACD divergence as a filter to plot marks on your chart.
█ NOTICE
This script would REPAINT based on the pivot length settings. Indicators are just simple tools to demonstrate price trends, they can not predict trends.
Is this indicator lagging? I mean show bullish or berish after 3-4 candle in 15 minutes or above time frame
KMADH71
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Friends, for those who have tried this indicator, request you to advice if the bearish/bullish indicator appears immediately after the candle is completed or when the candle meets the condition.
Hi. Thank you for the good script I'm trying to study with this script By any chance, can you disclose or let me know the code?
Bablushelar
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is it repaints?
discountry
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@Bablushelar, there is an option named pivotLength in your settings, default value is 15, means it would repaint in 15 bars, if u want more timeliness you can change it to 10 or 5, but that means much more plots on your chart too.