OPEN-SOURCE SCRIPT

Momentum Aggregator to identify Pivot Points

Zaktualizowano
This indicator takes into account various indicators like RSI, MACD etc.. to identify confluence and divergence which will help to identify pivot points in price.

Legend:

Green candles identify when there is a confluence of momentum to the upside
Red candle identify when there is a confluence of momentum to the downside

Note: These colors do not identify a positive or negative change in price for the candle. The candle outline identifies this

White candles identify when there is a divergence in momentum often identifying a pivot point for price

Yellow candles identify extreme exhaustion often indicating a good time to anticipate a reversal
Informacje o Wersji
This indicator takes into account various indicators like RSI, MACD etc.. to identify confluence and divergence which will help to identify pivot points in price.

Legend:

Green candles identify when there is a confluence of momentum to the upside
Red candle identify when there is a confluence of momentum to the downside

Note: These colors do not identify a positive or negative change in price for the candle. The candle outline identifies this

White candles identify when there is a divergence in momentum often identifying a pivot point for price

Yellow candles identify extreme exhaustion often indicating a good time to anticipate a reversal
Candlestick analysisforecastingTrend Analysis

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