bear_div
Function Name: bear_div
Tags: None
Category: Other
The Bearish Divergence function marks occurrences of highs in the prices not accompanied by highs in an indicator. If the criterion of Bearish Divergence is met, a value of +1 will be returned; otherwise, a value of 0 will be returned.
A divergence is a move in the price of an asset not confirmed by a comparable move in the applied technical indicator. A bearish divergence exists when a market reaches a new high without the indicator reaching a corresponding new high.
Source1 |
Choose any symbol as the first base. By default, the first symbol that is shown on the chart is used. |
Source2 |
Choose an indicator as the second base, for example the RSI. The indicator must already be visible on the chart in order to use it as a base. |
period |
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Default Value: 14 | Minimum: 2 | Maximum: 9999 |
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Type: Numeric |
strength |
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Default Value: 0 | Minimum: 0 | Maximum: 10 |
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Type: Numeric |