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The M.O.D.E stands for "Multiple Oscillator Divergence Exit". It is an indicator which signals a divergence between the price, and multiple oscillators.
It is initially an exit indicator because it signals the weakening of a trend, but it could be used as an entry signal if used analytically
- Check many divergences at once
- Non repainting
- Sends Alerts and Push Notifications
You could load the M.O.D.E onto a single chart, and be able to see the divergences happening on multiple oscillators.
It replaces you having to load all these oscillators on a signle chart.
If you like the indicator, please don't forget to leave a review.
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