PPO Divergence Alerts 2.0 — Indicator by scarf

This is basically the same code as my other PPO Divergence indicator expect it overlays the signal on the candles, rather than needing the oscillator. I'm keeping the old version, as I'm sure people will prefer it, but this version takes up less screen real estate.

Release Notes:

- Fixed an issue with lag, thanks to @ClicksThree who spotted it
- Also made the top/bottom arrrows show by default

Release Notes:

Updated to v4, more alert options added, and basic trend filtering added.

All signals show like before but counter trend signals are now transparent, to avoid more losing trades. If you don't want this, go into settings and remove transparency and it will behave like version 2.0

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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