This script is based on divergence situation related to momentum and price. For this we have 4 strategies divergence calculation : So user can choose which strategy will be applied on chart from input. one of them or all of them. Also user can activate swing High ang swing Low be shown on chart.
Below explanation of strategy what is doing :
Strategy 1 or Strategy 2 script tracks the price and compares it with momentum indicators to detect positif and negative divergnce
While strategy 3, script monitors the momentum and compares it with the price to detect positif and negative divergnce Finally strategy 4, script monitors the momentum and compares it with the volume to detect positif and negative divergnce
How to use or benefit from script: For Long position : Depending on whiche strategy you will choose, when the Div Buy stgx signal appears, this means the appearance of Divergence, which leads to the beginning of bull Buy Momentum. Wait for the conf Buy signal to appear and confirm your long entry and put your Stop Loss below the last swing low candle
For short position :
Depending on whiche strategy you will choose, When the Div Sell stgx signal appears, this means that Divergence has appeared, which leads to the start of Bearish Sell Momentum. Wait for the conf Sell signal to appear and confirm your short entry and put your Stop Loss above the last swing high candle
Disclaimer
The content within my Scripts, Indicators, Ideas, Algorithms, and Systems is not intended as financial advice or an invitation to trade or invest in any securities. I disclaim liability for any losses or damages, including loss of profit, arising directly or indirectly from reliance on the information provided. All investments entail risks, and past performance of securities, industries, sectors, markets, financial products, trading strategies, backtests, or individual trading does not guarantee future outcomes or returns. Traders bear full responsibility for their investment choices, predicated on their financial circumstances, objectives, risk tolerance, and liquidity requirements. My Scripts, Indicators, Ideas, Algorithms, and Systems are purely for educational purposes!
초대 전용 스크립트
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact MedAlgo directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
작성자 지시 사항
Please contact me on tradingview message to get access
Warning: please read our guide for invite-only scripts before requesting access.
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact MedAlgo directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
작성자 지시 사항
Please contact me on tradingview message to get access
Warning: please read our guide for invite-only scripts before requesting access.