MACD Potential Divergence - Fontiramisu — Indicator by Fontiramisu

macd momentum macd_divergence divergences macdivergence macdhistogram potentialpattern divergencedetection macdsignal

Indicator showing potential momentum divergences on MACD Momentum.

The problem with the classic divergence is that when the signal appears, it is sometimes too late to enter a trade.
The potential divergence corrects this problem by signaling the beginning of a potential divergence.

MACD is a momentum indicator that offers relevant insights with divergences.

Potential divergences are indicated with the letter B and a red color for Bearish Div or Green color for Bullish Div .
Potential divergence is confirmed when the line and the label "Bear"' or "Bull" appear.

Release Notes:

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Release Notes:

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Open-source script

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.

Disclaimer

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.

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