PROTECTED SOURCE SCRIPT
Trade the Fear Momentum Divergence with Exhaustion
Trade the Fear Buy and Sell Divergences Indicator
Overview:
"Trade the Fear Buy and Sell Divergences Indicator" is a robust technical tool designed to pinpoint high-probability reversal opportunities in trending markets. By integrating momentum analysis, volume spikes, and RSI divergence, this indicator identifies deep overbought and oversold conditions, trend exhaustion, and key turning points for traders.
How It Works:
Buy and Sell Signals: The indicator generates "Deep OS Buy" and "Deep OS Sell" signals at extreme momentum levels, triggered only after prolonged trends—downtrends for buy signals and uptrends for sell signals—culminating in a reversal bar with a significant volume surge. This highlights potential exhaustion and a shift in market direction.
RSI Divergence: It detects both regular and hidden bullish/bearish RSI divergences, offering additional insight into potential reversals or trend continuations.
Visual Cues: Buy signals appear as green triangles or labels below price bars, while sell signals use red triangles or labels above. Bar colors—green for bullish, red for bearish, and yellow for neutral—provide a quick snapshot of momentum direction.
What It Looks For:
Deep Oversold in Downtrends: A series of bearish bars followed by a bullish reversal bar with elevated volume, signaling exhaustion and a potential buy setup.
Deep Overbought in Uptrends: A series of bullish bars followed by a bearish reversal bar with high volume, indicating exhaustion and a potential sell setup.
RSI Divergence: Misalignments between price action and RSI momentum, flagging reversal or continuation opportunities.
Usage:
Perfect for traders aiming to exploit trend reversals or fading momentum. Adjust settings like momentum threshold, volume sensitivity, and trend duration to match your preferred timeframe and strategy. Pair with other tools for enhanced confirmation.
Key Features:
Adjustable momentum, volume, and trend parameters.
Clear buy/sell signals with divergence detection.
Bar coloring for instant trend recognition.
Alerts for timely trade notifications.
Overview:
"Trade the Fear Buy and Sell Divergences Indicator" is a robust technical tool designed to pinpoint high-probability reversal opportunities in trending markets. By integrating momentum analysis, volume spikes, and RSI divergence, this indicator identifies deep overbought and oversold conditions, trend exhaustion, and key turning points for traders.
How It Works:
Buy and Sell Signals: The indicator generates "Deep OS Buy" and "Deep OS Sell" signals at extreme momentum levels, triggered only after prolonged trends—downtrends for buy signals and uptrends for sell signals—culminating in a reversal bar with a significant volume surge. This highlights potential exhaustion and a shift in market direction.
RSI Divergence: It detects both regular and hidden bullish/bearish RSI divergences, offering additional insight into potential reversals or trend continuations.
Visual Cues: Buy signals appear as green triangles or labels below price bars, while sell signals use red triangles or labels above. Bar colors—green for bullish, red for bearish, and yellow for neutral—provide a quick snapshot of momentum direction.
What It Looks For:
Deep Oversold in Downtrends: A series of bearish bars followed by a bullish reversal bar with elevated volume, signaling exhaustion and a potential buy setup.
Deep Overbought in Uptrends: A series of bullish bars followed by a bearish reversal bar with high volume, indicating exhaustion and a potential sell setup.
RSI Divergence: Misalignments between price action and RSI momentum, flagging reversal or continuation opportunities.
Usage:
Perfect for traders aiming to exploit trend reversals or fading momentum. Adjust settings like momentum threshold, volume sensitivity, and trend duration to match your preferred timeframe and strategy. Pair with other tools for enhanced confirmation.
Key Features:
Adjustable momentum, volume, and trend parameters.
Clear buy/sell signals with divergence detection.
Bar coloring for instant trend recognition.
Alerts for timely trade notifications.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.