Divergence Indicators
🔁 Divergence Signals
Divergence signals identify potential reversals by comparing price action with trend momentum.
⚙️ Settings:
Show Bull/Bear Divergences: Toggle to enable/disable divergence detection
🧠 How to Interpret:
"R" Symbol (below price): Bullish divergence, potential upward reversal
"R" Symbol (above price): Bearish divergence, potential downward reversal
🛠️ Practical Usage:
Use divergences as high-probability reversal signals
Most effective when aligned with EZ Trend line color changes
Bullish divergences in oversold conditions are particularly powerful
Bearish divergences in overbought conditions are particularly powerful
Can be used for both entry and exit decisions
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