Jason_stfx

EFX Divergence Indicator Part 1 V0.2 (BETA)

PART 1/2

This indicator is a custom divergence indicator which detects divergence and plots the potential change in market direction on the chart using lines and a signal label PB /PS (potential buy/sell) with a second indicator (oscillator) which plots lines on the histogram to show when the price is potentially changing market direction.

How to use? - You match a potential buy/sell signal with a PB /PS on the histogram. Once a match has been found and you have a PB /PS line up and correlate you then watch price action to identify whether or not the price is potentially making a change in direction. It can be used on any timeframe.

This script is intended to help beginners determine trends in the market and when a trend might be potentially changing direction.

For moderators - This is a BETA indicator and is being published so I can have people test it without people being able to see code. This version of the script is not the final draft and changes will be made. This is only a BETA and is not being sold.
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