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Inverse Divergence [HeWhoMustNotBeNamed]

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Oscillators Centered Oscillators Trend Analysis hewhomustnotbenamed Divergence experimental
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oscillator centeredoscillator trendanalysis hewhomustnotbenamed divergence experimental
Experimental.

In regular scenario divergence calculation follows these procedure

  • Pivots on price are considered as primary source
  • They are compared with pivots on oscillators
  • Trend bias of price is used

This is an experimental version where
  • Pivots on oscillators are considered as primary source
  • They are compared with pivots on price
  • Trend bias of oscillator is used. Using percentrank to define oscillator trend

Caution: Not meant for trading :)
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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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