astropark

[astropark] MFI divergences

astropark Updated   
Dear Followers,

today a new great Scalper Tool, based on a custom version of Money Flow (MFI) oscillator, which works on both Candlesticks, Heiking Ashi and Renko charts, from 1 second Renko chart and above (on non Renko charts, the higher, the better of course!), both on FOREX, Cryptocurrencies, Stocks and Commodities!

This tool has some cool features:
  • it works on all timeframes, on both Renko, Heikin Ashi and Candlesticks chart
  • it shows you both bullish and bearish divergences with a triangle up or down respectively
  • when it finds a strong bullish/bearish divergence, a flag will be displayed instead of a triangle
  • it shows you both hidden bullish and bearish divergences with a label "hid"

This script will let you set all notifications you may need in order to be alerted on each triggered divergence.

You may like to use it together with my Renko OBV Divergences indicator (which works on Candlesticks and Heiking Ashi too)

and my Renko RSI Divergences indicator (which works on Candlesticks and Heiking Ashi too)


On Bitmex/ByBit/Binance Bitcoin/USD chart best Renko settings is Traditional Renko chart with 11$ box size, while 0.5$ box size is suggested on Ethereum/USD pair.


This is a premium indicator, so send me a private message in order to get access to this script.
Release Notes:
bug fix

I'm a software engineer, passionate for trading & developing trading tools & bots! Feel free to DM me & checkout my work: bit.ly/astroparktrading
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 astropark for more information, or follow the author's instructions below.

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