This script automatically calculates the divergence between your favorite exponential moving average and the current price (13 ema default). Additionally, it displays the area in yellow once the first threshold gets reached (1.5% divergence default) and in red once the second threshold gets reached (1.5% divergence default).
릴리즈 노트
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Added the $ value instead of the percentage into the visual pane (now default value) and version with absolute values (now default) doesn't plot the negative bands.
릴리즈 노트
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Default mode back to percentage. First threshold default to 1.5% and second to 2.75% divergence.
릴리즈 노트
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Added a "Pullback Mode" where the maximum divergence among the 13ema on the 3mins, 13ema on the 10mins and VWAP will be displayed. There are two thresholds that help identify the divergence, so that yellow and red colors would help the trader understanding the percentage of divergence at a glance.
This is great. You've got me hooked on using the 3min timeframe for entries (before 10:30 am). So much cleaner. Added to my default 3min chart studies.