PROTECTED SOURCE SCRIPT
Forex PPP Divergence Mapping Tool
Forex PPP Divergence Mapping Tool
This indicator applies a Purchasing Power Parity (PPP)–based Smart Money Technique (SMT) divergence framework to Forex pairs. It compares price action between mapped currency components on a higher timeframe, highlighting divergences where one leg of a pair creates a new high/low while the other does not.
How it works:
- The script automatically maps the selected Forex pair to its PPP-related components.
- For each higher timeframe candle, the tool checks if one component makes a new high or low while the other fails to confirm.
- When a divergence is detected, it is displayed on the chart with:
A line connecting divergence points.
A colored box marking the price range.
An optional label ("Divergence") above the signal.
How to use:
- Apply on Forex pairs that are supported by the PPP mapping logic.
- Use divergences as potential signals of inefficiencies or shifts in intermarket alignment.
- Combine with your own trade confirmation methods for entries or exits.
Customization:
- Enable or disable labels and boxes.
- Adjustable box transparency.
- Selectable higher timeframe for analysis (from intraday to monthly).
Alerts:
- Bullish PPP Divergence detected.
- Bearish PPP Divergence detected.
Notes:
- Works only on mapped Forex pairs (error message is displayed otherwise).
This indicator applies a Purchasing Power Parity (PPP)–based Smart Money Technique (SMT) divergence framework to Forex pairs. It compares price action between mapped currency components on a higher timeframe, highlighting divergences where one leg of a pair creates a new high/low while the other does not.
How it works:
- The script automatically maps the selected Forex pair to its PPP-related components.
- For each higher timeframe candle, the tool checks if one component makes a new high or low while the other fails to confirm.
- When a divergence is detected, it is displayed on the chart with:
A line connecting divergence points.
A colored box marking the price range.
An optional label ("Divergence") above the signal.
How to use:
- Apply on Forex pairs that are supported by the PPP mapping logic.
- Use divergences as potential signals of inefficiencies or shifts in intermarket alignment.
- Combine with your own trade confirmation methods for entries or exits.
Customization:
- Enable or disable labels and boxes.
- Adjustable box transparency.
- Selectable higher timeframe for analysis (from intraday to monthly).
Alerts:
- Bullish PPP Divergence detected.
- Bearish PPP Divergence detected.
Notes:
- Works only on mapped Forex pairs (error message is displayed otherwise).
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
受保护脚本
此脚本以闭源形式发布。 但是，您可以自由使用它，没有任何限制 — 在此处了解更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。