OPEN-SOURCE SCRIPT

[STRATEGY][UL]Price Divergence Strategy v1.0

Updated
Created by Request: This is a trend trading strategy that uses Price Divergence detection signals that are confirmed by the "Murrey's Math Oscillator" (Donchanin Channel based).

Strategy Code Based on:
  • [RS]Price Divergence Detector V2 by RicardoSantos
  • UCS_Murrey's Math Oscillator by Ucsgears

Strategy Risk Management Based on:
  • Strategy Code Example by JayRogers

Information on Divergence Trading:



*** USE AT YOUR OWN RISK ***
Release Notes
Converted to Pinescript v4
DivergenceDonchian Channels (DC)Oscillatorsstrategytrendtrading
JustUncleL
Wizard
JustUncleL

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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