BB %B Divergence Warning

This indicator will predict a direction change or consolidation in the price and it will alert on the candle BEFORE the change.

It is a WARNING SYSTEM ONLY and does not always alert on a change, so make sure you only use it as confluence to your existing predictions.

It can be used as a high confidence reversal indicator off critical zones, or to take profit for pullbacks and consolidation.

The indicator is simple - %B divergence. Close price lower/higher than previous candle where %B diverged higher/lower respectively.

Orange is the first higher warning. Red is where you have two or more in a row.
Blue is the first lower warning. Green is where you have two or more in a row.

Sometimes you will have blue on the high side or orange on the lower side. It's just divergence and the next candle will still be short/doji or reverse.

This indicator was coded by uewuiffnw for the Gs in The Real World.
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