This indicator works great for finding periods of time where there is extreme volatility and a pull back. When we see those troughs and peaks on the channel, we can count on those be significant areas for later market movement.
Divergent Strength is showing the amount of momentum behind the Divergent Channel movement.
Movement higher means the market is becoming more Bullish. Movement lower means the market is becoming more Bearish.
Is good for finding divergence when used in conjunction with the Divergent Channel indicator color changes.
Divergent Channel shows the changing market conditions based on slope, volatility, and trend.
Widens when trend is strengthening, tightens when market is consolidating, green for bullish movement and red for bearish movement.
Used in conjunction with the Divergent Strength indicator it becomes an effective tool for spotting (at a glance) accurate divergence.
