Divergence Energy Pro acts as an trend & volatility indicator calculated by combination of Moving Average data.
The Green bar indicates bullish energy, while the Red bar indicates bearish energy. The length of the colour (red/green) bar indicates the energy's strength/momentum.
When the fisrt or second Green bar above the Zero Axis π and MA line represents a strong bullish energy, whereas the first or second Red bar below the Zero Axis β€οΈ and MA line represents a strong bearish energy.
Apart from tracking the bullish/bearish trend in the market, it may be used to monitor the divergence/convergence between price and technical indicator. Divergence occurs when the price moves in the opposite direction of a technical indicator, potentially leading a price shift.
Disclaimer: This script indicator is solely for the purpose of education / opinion sharing only, and should not be construed as investment advice or recommendations to buy or sell any security. Get your trade advise from a legit broker, you are responsible on your own trade. Thank you.