This indicator is the ultimate tool for identifying divergences between two instruments.
This indicator does not provide entry or exit signals. This indicator is a tool to mark key price areas. This indicator is a tool to mark key time areas. This indicator is particularly distinguished by its high customizability of tools, setting it apart from the indicators currently available on the TradingView platform.
No more annoying switching between instruments across two layout windows! Depending on the instrument in the main window, specify which instrument should be displayed in the panel!
It's up to you to decide the criteria for determining divergences, as this indicator highlights the following key areas using lines and boxes:
Structure Breaks: - Bearish Change of Character - Bearish Break of Structure - Bullish Change of Character - Bullish Break of Structure
Premium / Discount Area: - Premium / Discount area of the current range, since the last Change of Character or Break of Structure
Liquidity Areas: - Asia Session (during or after the session) - London Session (during or after the session) - New York Session (during or after the session) - London Close Session (during or after the session) - Session Quarters - Central Banks Dealer Range
How can I use or interpret these areas? Structure Breaks: - Has Instrument 1 experienced a structure break at a high/low, but Instrument 2 has not? This could indicate a divergence!
Liquidity Areas: - Has Instrument 1 already broken a session high/low, but Instrument 2 has not? This could indicate a divergence!