Bull Market Support Band Divergency
This script calculates the effective difference between the 21w EMA and the 20w SMA, which forms the Bull Market Support Band on BTC.
We can see some positive maximum on the indicator, which happens (often) to be zones of great volatility and sell zones, and the opposite for negative minimums.
Some periodicity is shown too, up to your own conclusions.
We can see some positive maximum on the indicator, which happens (often) to be zones of great volatility and sell zones, and the opposite for negative minimums.
Some periodicity is shown too, up to your own conclusions.