[astropark] Renko OBV divergences

17 בדצמ׳ 2019

Dear Followers,

today a new great Scalper Tool, based on Ob Balance Volume (OBV) oscillator, which works from 1 minute timeframe Renko chart, which is the best and more secure timeframe to use on a Renko chart. But of course it works great on all timeframes (included the 1D timeframe), both on FOREX and on Cryptocurrencies!

This tool has some cool features:

• it works on all timeframes, starting from 1 minute: so you can enjoy high-frequency trading by using a 24/7 running bot and a proper money and risk management strategy
  
• it shows you both bullish and bearish divergences with a triangle up or down respectively
  
• when it finds a strong bullish/bearish divergence, a flag will be displayed instead of a triangle
  

This script will let you set all notifications you may need in order to be alerted on each triggered divergence.

You may like to use it together with my Renko Scalper V2

and my Renko RSI Divergences indicator

On Bitmex/ByBit/Binance Bitcoin/USD chart best settings is Traditional Renko chart with 10$ box size, while 0.5$ box size is suggested on Ethereum/USD pair.


This is a premium indicator, so send me a private message in order to get access to this script.

3 בינו׳ 2020

הערות שחרור

Added support for hidden bullish and bearish divergences too!

16 בספט׳ 2021

הערות שחרור

bug fix

27 ביוני 2024

הערות שחרור

Script updated!

• added analysis window option
  
• upgrade to Pine Script V5