OPEN-SOURCE SCRIPT

Erfy CVD

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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.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.