OPEN-SOURCE SCRIPT
Erfy CVD
Erfy CVD is a divergence indicator designed to identify potential reversals by comparing price movement with estimated cumulative volume delta.
A bullish divergence appears when price forms a lower low while CVD forms a higher low, suggesting that selling pressure may be weakening.
A bearish divergence appears when price forms a higher high while CVD forms a lower high, suggesting that buying pressure may be weakening.
The indicator confirms signals one candle after the pivot and automatically removes a divergence when its price level is swept. The CVD is estimated using candle volume and closing position because Pine Script does not provide true bid-and-ask order-flow data.
This indicator should be used as confirmation alongside market structure, liquidity, volume profile and other forms of analysis. It should not be treated as a standalone buy or sell signal.
A bullish divergence appears when price forms a lower low while CVD forms a higher low, suggesting that selling pressure may be weakening.
A bearish divergence appears when price forms a higher high while CVD forms a lower high, suggesting that buying pressure may be weakening.
The indicator confirms signals one candle after the pivot and automatically removes a divergence when its price level is swept. The CVD is estimated using candle volume and closing position because Pine Script does not provide true bid-and-ask order-flow data.
This indicator should be used as confirmation alongside market structure, liquidity, volume profile and other forms of analysis. It should not be treated as a standalone buy or sell signal.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.