OPEN-SOURCE SCRIPT
Blau Divergence RSI
Suggested useage: monthly index or asset class charts.
Traffic light colour system offers opinion on market risk.
Good for long term timing / hedging & allocation adjustment
with hat tip to William Blau !
amazon.com/Momentum-Direction-Divergence-Indicators-Technical/dp/0471027294
Traffic light colour system offers opinion on market risk.
Good for long term timing / hedging & allocation adjustment
with hat tip to William Blau !
amazon.com/Momentum-Direction-Divergence-Indicators-Technical/dp/0471027294
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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