Description
Divergence Detector:
The word divergence itself means to separate and that is exactly what we are looking for today. Typically RSI will follow price as the market indices declines so will the indicator. Divergence occurs when price splits from the indicator and they begin heading in two different directions.
How to use :
Use the H Plot means Hidden divergence condition
Use the R Plot means Regular divergence condition
Red R above bar = Regular Bearish
Green R below bar = Bullish
Blue H Below bar = Hidden Bullish
Orange H above bar = Hidden Bearish