Truffle Hog (scanner)

• What it is:

  This script is a fairly straightforward. Its main job is to watch specific cryptocurrency pairs (like BTC/USDT) on a chosen exchange (like OKX). It periodically fetches recent price and volume data, calculates a technical indicator called On-Balance Volume (OBV), and then looks for a specific pattern: OBV divergence.

• Bullish Divergence: Price makes a new low, but the OBV indicator makes a higher low. This might suggest selling pressure is weakening.

• Bearish Divergence: Price makes a new high, but the OBV indicator makes a lower high. This might suggest buying pressure is weakening.

Meet Truffle Hog. It digs through market data looking for OBV divergences – potential hints that price momentum might be changing. Get a heads-up in Discord when it finds something.