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Indicators: DivergenceBar

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Automated-Trading
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Automated-Trading 2016.04.13 15:45 

DivergenceBar:

A signal indicator which points at the reverse bars based on Bill Williams' Profitunity system excluding the angulation relative to the Alligator indicator mouth.

  • Green marker (bullish reversal bar) — buy signal.
  • Red marker (bearish reversal bar) — sell signal.

Fig.1. The DivergenceBar indicator

Fig.1. The DivergenceBar indicator

Author: Nikolay Kositsin

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