This indicator is comprised of Relative Strength Index (RSI) and Moving Average Convergence/Divergence(MACD) and show the best promise of a true divergence. Our Flash indicator solves the problem of plotting RSI & MACD divergence
Divergence is an often a discussed trading tool, but it is mostly misused or too difficult to apply along with other trading indicators. Most find that trying to time a trade entry using divergence too confusing and unclear on when divergence is actually occurring. Then, which way is the market going to go? Divergence can signal a reversal or pullback, but in which direction? Our FLASH indicator removes all of these problems with one simple signal exactly where you need it, right on the chart.
- Add to any chart or time frame
- Prints on the current bar in real time
- DOES NOT repaint several bars after the fact
- Sound Alert
- Freedom to Tune
- User can change unicode, and colors