OPEN-SOURCE SCRIPT
CMF Divergence Indicator
💰 CMF Divergence Indicator
Hello everyone! I am thrilled to introduce the CMF Divergence Indicator, a precision-engineered tool designed to bridge the gap between price action and volume-weighted money flow. Whether you are hunting for major trend reversals or looking for hidden continuation signals, this indicator brings institutional-grade volume analysis directly to your charts.
👀 Overview:
The CMF Divergence Indicator identifies discrepancies between price peaks/troughs and the CMF oscillator.
✨ Key Features:
🎯Pivot-Based Detection: Uses a precise pivot lookback logic (Left/Right) to identify structural highs and lows.
🔄Dual Divergence Support: Detects both Regular (reversal) and Hidden (continuation) divergences.
🛠️ How to Use:
🐂 Regular Bullish (Bull): Price makes a lower low, but CMF makes a higher low. This suggests selling pressure is exhausting despite the price drop.
🐻 Regular Bearish (Bear): Price makes a higher high, but CMF makes a lower high. This indicates that the uptrend is losing its volume support.
🕵️♂️ Hidden Divergences: Useful for identifying trend continuations where the oscillator "over-corrects" relative to price.
Integrate this indicator into your strategies to boost your analytical power. Don't forget to boost and support if you find it helpful! I look forward to your comments and suggestions for future improvements. Safe trading! 📊📈
Hello everyone! I am thrilled to introduce the CMF Divergence Indicator, a precision-engineered tool designed to bridge the gap between price action and volume-weighted money flow. Whether you are hunting for major trend reversals or looking for hidden continuation signals, this indicator brings institutional-grade volume analysis directly to your charts.
👀 Overview:
The CMF Divergence Indicator identifies discrepancies between price peaks/troughs and the CMF oscillator.
✨ Key Features:
🎯Pivot-Based Detection: Uses a precise pivot lookback logic (Left/Right) to identify structural highs and lows.
🔄Dual Divergence Support: Detects both Regular (reversal) and Hidden (continuation) divergences.
🛠️ How to Use:
🐂 Regular Bullish (Bull): Price makes a lower low, but CMF makes a higher low. This suggests selling pressure is exhausting despite the price drop.
🐻 Regular Bearish (Bear): Price makes a higher high, but CMF makes a lower high. This indicates that the uptrend is losing its volume support.
🕵️♂️ Hidden Divergences: Useful for identifying trend continuations where the oscillator "over-corrects" relative to price.
Integrate this indicator into your strategies to boost your analytical power. Don't forget to boost and support if you find it helpful! I look forward to your comments and suggestions for future improvements. Safe trading! 📊📈
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, pembuat skrip ini telah menjadikannya sebagai sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Salut untuk penulisnya! Meskipun Anda dapat menggunakannya secara gratis, perlu diingat bahwa penerbitan ulang kode ini tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.