OPEN-SOURCE SCRIPT
Updated [STRATEGY][UL]Price Divergence Strategy v1.0
Created by Request: This is a trend trading strategy that uses Price Divergence detection signals that are confirmed by the "Murrey's Math Oscillator" (Donchanin Channel based).
Strategy Code Based on:
Strategy Risk Management Based on:
Information on Divergence Trading:
*** USE AT YOUR OWN RISK ***
Strategy Code Based on:
- [RS]Price Divergence Detector V2 by RicardoSantos
- UCS_Murrey's Math Oscillator by Ucsgears
Strategy Risk Management Based on:
- Strategy Code Example by JayRogers
Information on Divergence Trading:
*** USE AT YOUR OWN RISK ***
Release Notes
Converted to Pinescript v4
JustUncleL
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.
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JustUncleL
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