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Catch Breakouts Smarter: Build a CVD Divergence Detector in Pine Script
- Breakouts often fail due to lack of real buying pressure, not bad patterns.
- Using Cumulative Volume Delta (CVD) can help in detecting fakeouts early.
- Building a CVD Divergence Detector in Pine Script can assist in spotting breakout weakness signs.
- CVD divergence is a useful warning sign that something might be out of sync in the market.
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