Many traders use divergence as a way of recognizing when the market is losing strength in a particular direction. When comparing the price action against other indicators, traders can recognize moments of divergence when for example price continues to rise while at the same time the strength or momentum of the move decreases.
Using the TDU Divergence Indicator you can automatically spot possible reversal zones. The indicator will draw lines when divergence occurs on both the chart and chosen indicator so you are always aware when divergence is occurring without needing to put in any extra work.
- Automatically draws divergence lines on both price chart and indicator chart in real-time
- Can detect divergence on any indicator
- Works on any instrument
- Works on any timeframe
- fixed alerts sometimes not working