ScryptoMB

CryptoGraph MA Divergence

ScryptoMB Updated   
CryptoGraph MA Divergence is a multifunctional trading tool that identifies aspects of trend trading.

The indicator is based on moving averages, transformed into an oscillator. This way it becomes possible to get a better visualisation of MA's relative to each other, and more importantly, it enables us to spot divergences based on MA's.
This simply yet effective enhancement wasn't seen before as an oscillator, so I decided to make and share it.

Features of the indicator:
- Blue/Purple wave (Based on Moving Averages)
- White line (Average of Blue/Purple Wave)
- Green/Red Dots (Trend reversals)
- Red/Green lines (Wider red and green lines are regular divergences, thinner red and green lines are hidden divergences)

What to look for?
- A red or green dot may be a very early indication of a trend reversal, in times of consolidation they cluster together. Use other CryptoGraph indicators to filter these dot clusters.
- Blue/Purple wave crossing 0 line.
- Divergences. Divergences are automatically spotted in the indicator. HOWEVER, always try to find them manually, since the indicator won't be able to spot them all automatically.

For access contact me through TradingView or Discord.
Release Notes:
Updated Green and Red Dots.

From now on they appear on the waves.
Release Notes:
Signal conditions improved.
Release Notes:
In this update we have added the option for an alert whenever the regular MA divergence wave crosses the Moving Average of this waves.
These crosses will be indicated with a red/green diamond.
Release Notes:
In this update:
- CryptoGraph MA Divergence waves were improved. Waves now run smoother and dots will be more significant.
- Wave length can now be adjusted in the settings, making the wave more or less sensitive than its' default version.
Release Notes:
In this update:
- We have implemented the option to use both the Hann and EMA methods for wave calculations.
Release Notes:
- Chart fixed.
Release Notes:
- Spelling corrections
Release Notes:
Default settings updated.
Release Notes:
- Improvement for MAD source calculation.
- Improved default settings.

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact ScryptoMB for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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.

Author's instructions

Contact me through Tradingview or Discord for access: discord.gg/4RGkuPjfDW

Want to use this script on a chart?

Warning: please read before requesting access.