EMA Deviation Divergence Indicator (EDDI)

Hôm kia

Overview
This indicator analyzes price deviation from EMA200 and provides trading signals by detecting divergences using MACD and RSI.
Key Features
Deviation Analysis
• Calculates price deviation from 200-day EMA
• Color-coded histogram display:
• Positive: Red shades (>1%, 2%, 3%, 4%)
• Negative: Green shades (<-1%, -2%, -3%, -4%)
Dynamic Bands
• Upper/Lower bands based on 200-bar average deviation
• Adjustable deviation settings (extraDev parameter)
Divergence Detection
• Regular and Hidden divergence
• MACD histogram-based divergence
• RSI-based divergence
Parameter Settings
Basic Configuration
• EMA Period: 200 (default)
• Additional Deviation (%): 1.0 (default)
• Pivot Period: Customizable
• Maximum Bars to Check: Customizable
RSI Settings
• Length: 6 (default)
• Overbought: 80 (default)
• Oversold: 20 (default)
Display Options
• Customizable divergence line styles and colors
• Pivot point display options
• Divergence number display options
Trading Signals
Buy Signals
• Price breaks below lower band
• RSI enters oversold zone
• MACD histogram in negative zone
• Bullish divergence occurrence
Sell Signals
• Price breaks above upper band
• RSI enters overbought zone
• MACD histogram in positive zone
• Bearish divergence occurrence
Alert Settings
• Bullish/Bearish Regular divergence
• Bullish/Bearish Hidden divergence
• Band breakout alerts
• Combined signal alerts
Usage Tips
• Monitor histogram color changes
• Check band position during divergence
• Confirm RSI and MACD signals
• Higher reliability with multiple divergence signals
Important Notes
• Avoid excessive deviation settings
• Don't trade solely on divergence
• Consider overall market conditions
• Recommended backtesting for optimal parameters