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ClinicGoldProsignal (5,3,3)

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This custom indicator identifies potential trend reversal signals based on Stochastic Oscillator divergence. It works by detecting when price and momentum move in opposite directions — a strong clue of a weakening trend.

A Bullish signal is generated when the market is in oversold conditions and the Stochastic oscillator forms a higher low while the price makes a lower low. This divergence suggests buying pressure is building despite falling prices — a sign to consider long entries.

A Bearish signal is generated when the market is in overbought conditions and the Stochastic oscillator forms a lower high while the price makes a higher high. This shows momentum is weakening and selling pressure may increase — a potential setup for short entries.

The indicator plots Buy/Sell labels on the chart when divergence conditions are met, helping traders visually identify high-probability reversal areas.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.