The Money Line - A new way to see divergence

The Money Line - A new way to see divergence

The Money Line is an indicator I have created to use specifically on the 1 minute chart to see divergence in volatility vs price. It clearly shows the weakness in moves aimed at sweeping highs and lows.

Here are some recent examples:



You can see price made a high on the equities open, it then sweeped the high but the money line clearly shows weakness in the actual move.





Rules:

Timeframe = 1 minute
Best during high volume times of day. I use specifically from the equities open.
Price MUST sweep high or low
I like to enter on an engulf
Stop and TP are up to you, but the stops can be quite tight from my back testing.

I will publish the link to the indicator (TradingView) on here, but I believe it can be coded for mt4 as well.

USTEC last week same example

Us30 earlier today. Obviously not during equities session, but it still works the same.

Can you give the indi?

Hello Mooch!
Very interesting view!
Do you have a pine code (to convert to mql4)?

Those entries look really nice! Pairing divergence with a sweep on liquidity is definitely something I'd be interested in exploring further with your indi. Will look forward to you sharing it, thanks.

Hi moochmooch looking good can you share the indicator plz.

Thought id share some nice trades this week using the money line.

Trades do not come very often, but the entry is normally spot on with little to no drawdown. The risk reward has also been great as I've been targeting order blocks at the top or bottom of the initial leg. Still tweaking the settings for now. Code is quite ugly.

Looks nice bro but is there any chance you share the indicator with us?

Definitely looks interesting. What is included in the “Money Line”? What is this indicator based on?
I look forward to your further input

I think he`s looking to sell something here he`s taken to long to post indicator

PPI liquidity grab yesterday on Nasdaq

Was diverged on MACD as well...

It seems you have no interest in sharing the indicator? Perhaps worth moving this thread elsewhere like commercial if you're just looking to acquire some publicity before trying to sell it?

Hi, can you precise the calculation method of the indicator ?

Be interested if MoochMooch could keep posting setups and see if it provides any edge over any other momentum oscillator..?

Hi Bro,

any update on this strategy?