RealTime Wave Divergence Signals
This indicator comes from the same algo family as our CryptoWave Pro and SmartWave, but focuses on real time divergence detection.
Unlike the divergence detection in CryptoWave Pro (and pretty much all divergence scripts here on TradingView), this one does not have a 2 bar delay.
The pros of this is that you can catch moves much earlier, but also the main con being that at times you will get faked out.
Using proper risk and trade management this can work out to be a great strategy to use for either manual or automated trading.
Signals produced are entries for Longs and Shorts, but can also be used as exits if you wish.
Unlike the divergence detection in CryptoWave Pro (and pretty much all divergence scripts here on TradingView), this one does not have a 2 bar delay.
The pros of this is that you can catch moves much earlier, but also the main con being that at times you will get faked out.
Using proper risk and trade management this can work out to be a great strategy to use for either manual or automated trading.
Signals produced are entries for Longs and Shorts, but can also be used as exits if you wish.
Versionsinformation:
Added in Alert Syntax for the Bullish and Bearish Divergence Signals.
Versionsinformation:
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Update : Changed default settings to fix lookback error.
Update : Changed default settings to fix lookback error.