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 v4Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
JustUncleL
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
JustUncleL
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.