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ROC divergence

The Rate Of Change Divergence indicator is used to identify a possible Bullish Trend Shift.
The rules are:
1. ROC(10) is rising.
2. ROC(30) is falling.
3. RSI(14) < 50
When all the rules are triggered this is indicated with a blue circle below the candle.
Note that this doesn't give you a Buy signal; you also have to get a confirmation from
the price graph, e.g by crossing a trend line.
This has become a favourite indicator of mine.
I think it gives a very strong indication that a Bullish trend shift is in the making.
I like to use it together with the Pocket Pivot indicator.
Idea curtesy: Tobbe Rosèn.
The rules are:
1. ROC(10) is rising.
2. ROC(30) is falling.
3. RSI(14) < 50
When all the rules are triggered this is indicated with a blue circle below the candle.
Note that this doesn't give you a Buy signal; you also have to get a confirmation from
the price graph, e.g by crossing a trend line.
This has become a favourite indicator of mine.
I think it gives a very strong indication that a Bullish trend shift is in the making.
I like to use it together with the Pocket Pivot indicator.
Idea curtesy: Tobbe Rosèn.
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開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。