- The user can enable Bar Color that coloring the based on the trend strength.
- The user can choose between different trend calculations, such as smoothed trend, volume-weighted trend, a non-lagging trend, to mentions a few.
All types of oscillators produce divergences and so does Trend Oscillator (Expo). Divergences occur when the oscillator deviates from the trending price action. is then when the trending price makes a lower low but the oscillator makes a higher low. divergence is then when the trending price makes a higher high but the oscillator makes a lower high.
HOW TO USE
- Identify the trend strength and direction
- Identify current momentum
- Identify potential trend reversals
- Identify Overbought and Oversold areas
INDICATOR IN ACTION
1 min chart
I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/strategies/ideas are only for educational purposes!
ACCESS THE INDICATOR
• Contact me on TradingView or use the links below
- Real-Time Divergence Added
- Performance Improvements
- Divergence - Line Width can be set
- Divergence Alerts Added
Access my indicators at: http://zeiier-man.com
Master List: https://1drv.ms/w/s!AieB89nHkQXVa2j_ZCKpATEp1T0?e