Mac/Price Divergence Bars

[Ghost]

Platform

1. Thinkorswim

Price and Momentum Divergence, very simple, very efficient. Keep it simple folks.

https://imgur.com/a/uT0s03G

#Mac Divergence Average Bars
#Ghost

#Mac Avg

def Value = ExpAverage(close, 27) - ExpAverage(close, 55);

def Avg = ExpAverage(Value, 13);
def Avg2 = ExpAverage(Value, 27);

#EmaEma
def ema145  = ExpAverage(close, 62);

def Up = value >= avg2 and close <= ema145;;
def Dwn = value <= avg and close >= ema145;

def UpUp = value >= avg and close >= ema145;
def DwnDwn = value <= avg and close <= ema145;


AssignPriceColor(if Up then color.cyan else if Dwn then color.magenta else if upup then color.green else if dwndwn then color.red else Color.CURRENT);