Multi_Divergence Tool- How it works?
- On each candle it checks divergences between current and any of last 16 Pivot Points for the indicators.
- it search divergence on chosen indicators => RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, VWMACD, CMF and any External Indicator!
- it checks following divergences for 16 pivot points that is in last 100 bars for each Indicator.
--> Regular Positive Divergences
--> Regular Negative Divergences
--> Hidden Positive Divergences
--> Hidden Negative Divergences
- for positive divergences first it checks if closing price is higher than last closing price and indicator value is higher than previous value, then start searching divergence
- for negative divergences first it checks if closing price is lower than last closing price and indicator value is lower than previous value, then start searching divergence
