OPEN-SOURCE SCRIPT
Divergence of DecisionPoint Breadth Swenlin Trading [LazyBear]
// This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org/MPL/2.0/
// © 03.freeman
//This is indicator from LazyBear is very accurate for stocks and indexes.
//I added some code snippets for spot and draw divergences automatically
//
// Author LazyBear
//![DecisionPoint Breadth Swenlin Trading Oscillator [LazyBear]](https://s3.tradingview.com/t/tSiv4FOr_mid.png)
//
Best use with daily time frame.
Enter when a divergence is found (Bull or Bear label) and wait at least a couple of candles before exit.
Next improvement: alerts ready made for webhooks and screener for multiple tickers.
Please use comment section for any feedback.
// © 03.freeman
//This is indicator from LazyBear is very accurate for stocks and indexes.
//I added some code snippets for spot and draw divergences automatically
//
// Author LazyBear
//
//
Best use with daily time frame.
Enter when a divergence is found (Bull or Bear label) and wait at least a couple of candles before exit.
Next improvement: alerts ready made for webhooks and screener for multiple tickers.
Please use comment section for any feedback.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Want to use this script on a chart?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.