DBT MoMo Divergence Finder — Indicator by OasisTrading

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This Indicator is an experimental Divergence Finder using the DBT MoMo formula. See DBT MoMo v.4 for details on the main script.

It uses a slower version of the DBT MoMo Price Line to smooth out the trend and color codes the Price Line based on its trend.

Bullish Divergence is denoted by Blue Labels below the Price Line.
Bearish Divergence is denoted by Orange Labels above the Price Line.

Alerts can be setup in Tradingview for both Bullish and Bearish Divergence Signals.

This indicator is brand new and experimental, make sure to double check the Divergence Alerts before blindly trading them. There can be a mathematical divergence without there being a visual divergence, this will trigger a false alert.

Everyone with access to the DBT MoMo will have access to this indicator as well.

Website

oasistrading.io

Meet the Team.

twitter.com/DejaBrewTrades
www.tradingview.com/u/gyromatical/
twitter.com/StickyBmex
twitter.com/ForgetHODLing
twitter.com/JMA_Trades

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact OasisTrading for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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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