OPEN-SOURCE SCRIPT
Updated CryptoNL R.E.D (rsi+ema and divergence)
I used the build-in divergence indicator and fine-tuned the divergence provision.
Alerts have also been added and ema12 for extra trend determination.
The background color indicates the bearish and bullish zones.
Bullish divergence are indicated with a green line and dot
Bearish divergence are indicated with a red line and dot
Hidden divergence are indicated with an orange line and stripe marking.
All settings can be adjusted as desired. In the example, the bearish lines are off and bullish on to show the difference.
Alerts have also been added and ema12 for extra trend determination.
The background color indicates the bearish and bullish zones.
Bullish divergence are indicated with a green line and dot
Bearish divergence are indicated with a red line and dot
Hidden divergence are indicated with an orange line and stripe marking.
All settings can be adjusted as desired. In the example, the bearish lines are off and bullish on to show the difference.
Release Notes
Added momentum. Green is bullish and red is bearish momentumOpen-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.
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.
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.