Indicators: Divergence

[Automated-Trading]

Divergence:

The indicator displays the situation when the direction of price movement and technical indicators does not coincide

Fig.1 The Divergence indicator

Author: Nikolay Kositsin

[jqkdudu]

It's a pretty cool indicator. Does it redraw ?

Thanks! 

[Sergey Golubev]

What are the meaning of those different colors? I counted 3 colors ...

[timmytrade]

Absolutely pointless indicator! First of all it redraws, secondly indicator does not update itself, you don't see any candle color in real time.