INDICATOR-BIG_MAMA-DIVERGENCE-OVERLAY-PUBLIC by b00ts

This one combines divergences + macd X + pumps/dumps + supertrend + ATH/ATL + MA X

Label meanings....

General
- Red is a negative/sell signal
- Green is a positive/buy signal

Divergences
- adds up multiple divergent signals on one candle
- Divergences include RSI + MACD + Stochastics + OBV
- Due to too many OBV Divergence false signals it only displays OBV Divergence another type of Divergence exists at same candle

h1..hn = hidden divergences
r1...rn = regular/normal divergences

hn* or rn* = The star (*) denotes that a MACD Divergence exists in this counter (MACD is strongest IMO)

x = MACD CrossOver or Under
x* = MA CrossOver or Under (MA 50 with MA 100)
x** = MA CrossOver or Under (MA 50 with MA 200)

st = supertrend

p = pump (volume)

d = dump (volume)

WARNING
Can only work out divergences from most recent high or low so don't expect it to be omnipotent.

Protected script

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Disclaimer

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