This simple strategy demonstrates the value of confirmed divergence. An entry is selected based off of divergence in the RSI
where the first extreme is overbought or oversold. This must then be confirmed by divergence on the Awesome oscillator
. The result is an alert that is more reliable than single divergence on either indicator, and an entry is only keyed on an overbought/oversold level.
Shoutout to piriya33 and his CDC
divergence, which was used as a template for this script.
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