EMA Divergence
This script automatically calculates the divergence between your favorite exponential moving average and the current price (13 ema default).
Additionally, it displays the area in yellow once the first threshold gets reached (1.5% divergence default) and in red once the second threshold gets reached (1.5% divergence default).
Additionally, it displays the area in yellow once the first threshold gets reached (1.5% divergence default) and in red once the second threshold gets reached (1.5% divergence default).
Release Notes:
Added the $ value instead of the percentage into the visual pane (now default value) and version with absolute values (now default) doesn't plot the negative bands.
Release Notes:
Default mode back to percentage. First threshold default to 1.5% and second to 2.75% divergence.
Release Notes:
Added a "Pullback Mode" where the maximum divergence among the 13ema on the 3mins, 13ema on the 10mins and VWAP will be displayed. There are two thresholds that help identify the divergence, so that yellow and red colors would help the trader understanding the percentage of divergence at a glance.
Release Notes:
Bug fixing