hello everyone
been a while lurking here, but nothing to contribute yet, as I am still learning
I needed help to code an indicator, this seems like a perfect place to ask for help
so what I need is an indicator that can show an alert when a volume divergence forms between price action and waddah attar explosion indicator
the system rule are as following:
1. use bar chart
2. plot waddah attar explosion indicator to the chart
3. look for divergence between price action and waddah attar explosion
what I mean with divergence, is like this:
when closing price of the current candle is higher than the closing price of the previous candle, the waddah attar reading for that candle should be higher too if compared with the previous reading (if the color is green) or lower (if the color is red)
when closing price of the current candle is lower than the closing price of the previous candle, the waddah attar reading for that candle should be lower too if compared with the previous reading (if the color is green) or higher (if the color is red)
note: for the waddah attar, only compare histogram with the same color (green with green, red with red)
if the readings is different from the rules above, then we found a volume divergence
what I need is an alert to show the divergence, so it will simplify things
something like an arrow, or star like the semafor indicator
hope I make my self clear about this, pardon my English, its not my native language
I appreciate it if anyone can help, thanks a lot for your help