Chan Lun Bi, Pivot & MACD Div - INVESTCHIThis indicator combines Chan Lun (Zen Theory) structure with MACD Divergence to help you spot trends and potential reversals easily.
Key Features
1. Auto Lines (Bi): Automatically connects highs and lows to visualize the market trend (Strokes).
2. Pivots (Blue Boxes): Automatically highlights consolidation zones (Zhong Shu). These areas act as key Support and Resistance.
3. Buy & Sell Signals (New!)
🟢 BUY Label: Appears when Bottom Divergence occurs (Price makes a lower low, but MACD momentum is stronger).
🔴 SELL Label: Appears when Top Divergence occurs (Price makes a higher high, but MACD momentum is weaker).
How to Use
- Trend Following: Use the connected lines to see the main direction.
- Reversals: Look for Green BUY labels at the bottom of a trend and Red SELL labels at the top.
- Breakouts: Watch how price reacts to the Blue Pivot Boxes.
Settings
- Fractal Length: Adjusts how sensitive the lines are (default is 5).
- Strict Filter: Keeps the chart clean by filtering out small noise.
Disclaimer: For educational purposes only.
