Automatically draws divergence trends on your charts.
█ CONCEPTS
Key features • The script would find all pivot points using built-in functions. • Then it would calculate the RSI/MACD level at those pivot bars. • At last we're using RSI/MACD divergence as a filter to plot marks on your chart.
█ NOTICE
This script would REPAINT based on the pivot length settings. Indicators are just simple tools to demonstrate price trends, they can not predict trends.
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.