Divergences are best secret reversal indicator and continuation signals
Divergences can be a momentum traders best friend, it can tell you many useful things such as trend continuation or trend reversal. Unfortunately, for many beginning traders (and some advanced) they can be very hard to spot on a chart.
However there was an easier way to spot and use divergences in your strategy by using the indicator designed by a user named LonesomeTheBlue on TradingView and is called Divergence For Many Indicators v4
How does it work?
The indicator checks for divergences between current and any of last 16 Pivot Points (configurable) for the oscillators on each candle. It then shows a shape on the candle indicating that there is … Read the rest