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.
Software Engineer and FX, Options, Crypto Trader. Previously worked at large options market maker. If you like my scripts and would like to donate: Bitcoin: 179ETrGo3FCVcnBV8i1uc4J8YHFRknYytz Eth: 0x73d59A8214FD70053aF37E9700692e25de441245
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 publications is governed by House rules. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
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Software Engineer and FX, Options, Crypto Trader. Previously worked at large options market maker. If you like my scripts and would like to donate: Bitcoin: 179ETrGo3FCVcnBV8i1uc4J8YHFRknYytz Eth: 0x73d59A8214FD70053aF37E9700692e25de441245
Feragatname
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