OPEN-SOURCE SCRIPT
BB %B Divergence Warning
This indicator will predict a direction change or consolidation in the price and it will alert on the candle BEFORE the change.
It is a WARNING SYSTEM ONLY and does not always alert on a change, so make sure you only use it as confluence to your existing predictions.
It can be used as a high confidence reversal indicator off critical zones, or to take profit for pullbacks and consolidation.
The indicator is simple - %B divergence. Close price lower/higher than previous candle where %B diverged higher/lower respectively.
Orange is the first higher warning. Red is where you have two or more in a row.
Blue is the first lower warning. Green is where you have two or more in a row.
Sometimes you will have blue on the high side or orange on the lower side. It's just divergence and the next candle will still be short/doji or reverse.
This indicator was coded by uewuiffnw for the Gs in The Real World.
Join The Real World app.university.com to learn how to make money.
It is a WARNING SYSTEM ONLY and does not always alert on a change, so make sure you only use it as confluence to your existing predictions.
It can be used as a high confidence reversal indicator off critical zones, or to take profit for pullbacks and consolidation.
The indicator is simple - %B divergence. Close price lower/higher than previous candle where %B diverged higher/lower respectively.
Orange is the first higher warning. Red is where you have two or more in a row.
Blue is the first lower warning. Green is where you have two or more in a row.
Sometimes you will have blue on the high side or orange on the lower side. It's just divergence and the next candle will still be short/doji or reverse.
This indicator was coded by uewuiffnw for the Gs in The Real World.
Join The Real World app.university.com to learn how to make money.
开源脚本
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
免责声明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
开源脚本
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
免责声明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.