The Diver Cryptorg Signal
Divergence is the divergence between the price chart and the indicator chart. That is, when the price draws new maximums on the chart, while in the indicator, on the contrary, each successive maximum is lower than the previous one.
Convergence is a divergence between the price chart and the indicator chart. That is, when the price is drawing new minimums on the chart, while the indicator, on the contrary, shows that every subsequent maximum is higher than the previous one.
Diver Cryptorg indicator is based on several standard indicators and oscillators of MACD, RSI, etc., and visually it shows a point of bearish divergence or bullish convergence on the chart.
Bearish convergence is indicated by a red dot and the word Bear
A bullish convergence is indicated by a green dot and the word Bull
Note. The indicator point can light up and disappear during the formation of a candle. The final signal is formed after the formation of a candle — this applies to all timeframes.
The automatic signal to start the bots in the presence of a Divergence/Convergence works only on the 4-hour time frame, and starts after the formation of a 4-hour candle.
Take into account a few factors in your work:
The older is the time frame on which the signal was formed, the stronger may be the movement, and the younger the time frame, the more often the signal may not work.
Also on higher time-frames, after the appearance of a signal, the price may go against it for a while, so always create a margin of safety and observing money management. You can also use the signal inside the anomalous FOMO zones at 15 minutes.
Signal visualization in Cryptorg trading terminal is available as part of the Business rate https://cryptorg.net/en/prices and in the closed FOMO community https://cryptorg.net/en/marketplace/product/13
As a signal for starting bots, the indicator for Cryptorg exchange traders is available for free.
A ready-made work strategy https://t.me/cryptorg_news_rus/287
Telegram channel in which all Divergences are broadcast at 4 hours https://t.me/DiverCryptorg