Opposite Prices CD LTB
OP CD LTB (Opposite Prices Convergence/Divergence Low Top Bottom) is an indicator of convergence/divergence of the bullish sentiment among the mirrored financial instruments. The indicator is the second out of the two possible versions (LBT and LTB) of the bullish convergence/divergence origins.
Multiple use of the indicator allows you to find convergences/divergences between the price of the main financial instrument and any other financial instruments simultaneously.
Users can select the sell graphical symbol and its width, as well as the color of convergence/divergence lines.
The indicator is not a lagging one. It works by ticks and is able to show convergence/divergence in the symbol's window even if there is no a separate window with a different financial instrument used for search. This allows you to open additional windows with any other indicators for a joint analysis.
As an option, the indicator can notify of a new signal using the graphical sell symbol instead of convergence/divergence lines.
In most cases, convergence/divergence is considered to be confirmed if it takes the form of a line with a graphical symbol remaining on the chart.
The search for a convergence/divergence on one financial instrument means finding the support/resistance levels!
Attention: Since the indicator is downloaded, graphical symbols are displayed in the main window only after a new convergence/divergence signal appears (unlike convergence/divergence lines). Graphical symbols are not displayed for the past periods (before the indicator was downloaded).
To plot the convergence/divergence lines in the additional window, the indicator identifies any of the eleven custom indicators (see the input parameters), if any.
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