One divergence indicator to rule them allGreetings Traders,
We are continuing with our (mini) series in which we break down the (seemingly endless) features of The Divergent indicator.
Today we are going to discuss the various oscillators The Divergent supports detecting divergences on.
In contrast to other divergence indicators on TradingView, The Divergent comes with oscillators built-in. This means you won't have to add it on top of other indicators on your chart; it is completely standalone. Why is that a good thing? It is because The Divergent respects your indicator quota - it will only use up a single slot on your chart.
The Divergent ships with the following oscillators:
MACD (Moving Average Convergence Divergence)
RSI (Relative Strength Index)
CMF (Chaikin Money Flow)
Stochastic RSI
MFI (Money Flow Index)
TCI (Trading Channel Index, aka. WaveTrend)
Balance of Power
CCI (Commodity Channel Index)
Awesome Oscillator
Each oscillator is fully customisable, allowing you to tweak them the way you desire. To choose another oscillator, simply open The Divergent 's settings panel, and select a different one from the list.
A further benefit of having the oscillators built into the indicator, is that it opens up the possibility to apply various filters to the detected divergences. For example, if you have the RSI selected, you can configure The Divergent to only signal those RSI divergences, that manifest under the oversold or above the overbought areas. These filters will be introduced in detail in future articles.
To learn more about The Divergent , please see the related ideas linked at the bottom.
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If you have any questions, please feel free to ask in the comments section below.
Thank you for your attention!
Macddivergence
Short MELI CMP $1085.36Short MELI CMP $1085.36. This one is clear downtrend. Appears to be double bottom pattern but price will continue to fall to $900 area as per analysis. Trading below all major moving averages. No signs of buyer stepping in. MACD turned negative recently. Short target of $900 area coming soon which is also 200 SMA level on weekly chart.
WTI sell divergence on dailyBLACKBULL:WTI
After this bull run of the oil price, in normal conditions (without war), we should also have a price correction. On time frame D1 we have a sell divergence already formed, we have a liquidity zone around the price of 93,400. If the price manages to break down the last minimum format, and close a candle below the price of 88,500 without the MACD averages going through 0, we have a clean sell entry on the Daily with a TP up to the price area of 77,000.
$44-44.3k Price Target for Bitcoin!Good Morning Traders!
As you can see on the 4HR of Bitcoin (BTC). The price action has formed lower highs and slowing lower lows symptom of a falling wedge. The red histograms on the MACD are also showing signs of a potential convergence on the 4HR. I am confident if this pattern confirms that the target will be $44-44.3k! Set a TP for the target if entering a long position.
Safe Trading,
-Pulkanator
REN - The Bullish Sequence ✨In 2020 when we had the bullish breakout, we saw a very particular sequence of events take place.
We saw:
1. MACD divergence
2. Trendline Breakout
3. Double Bottom
4. BULLRUN
We are now seeing a very similar sequence of events happening. So far we can see:
1. MACD divergence
2. Trendline Breakout
We are yet to see Double Bottom and the BULLRUN.
Trade Idea:
- Watch for price to retrace back to the double bottom
- Enter with stops below the lows
- Hold on tight for another bullrun!
It is quite possible that we may not come down to the double bottom. Incase we don't, look for lower timeframe bullish corrections to enter.
Goodluck!
Short $NIO $29.30Short $NIO $29.30. Falling channel. Downtrend will continue in my opinion. Price was rejected at 200 SMA early December 2021. Made lower lows since then. Recently Tried to break above $34 area but failed to maintain the momentum. Soon will test $27 area for support. Any further sell off in this name, going to push the price down my short target of $22 area.
EURNZDHello everyone
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we see an ending channel and the price reaches the upper line of the parallel channel, at the same time, we see a divergence between the price and MACD oscillator.
Byers weakness is obvious and I expect bearish outlook for EURNZD.
Wish bag holders this our week, let us all unite!1. Wish showing some stability around $2.50
2. Possible short covering to make up for losses in other positions by the shorts acting as a floor
3. Possible bottom since the company is trading close to 0.8-1 expected sales for 2022 & possible break-even by the first Q
4. CEO must be announced upcoming week or the next
5. Technicals looking good with multiple divergences
6. Still waiting for institutions positions update
7. Beginning to see some improvements on the platform , shipping times getting better.
8. Interest rate hikes (problem if wish wants to raise more money) BUT has no debt and looking to break even.
9. If there is a buyout i would expect at least at 3-4x sales meaning $8-$10
10. Hold your bags tight! we are all in this together! Do not let wallstreet steal your stocks. Worst case we are all wrong! it happens, we will study what we did wrong learn from it and move on! investing does not end with one bad decision there is always room for improvement, never give up! Best case the price will tell!
Divergence at the top of the channelHello everyone
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Others dominance shows people inclination to buy large Cap coins like BTC or other smaller cap coins.
the price is moving in the parallel channel for 6 months. this is a valid and reliable channel.
the price reaches the upper line of the ascending channel and at this time, we see a Divergence between price and MACD . A downside trend of the price is more probable.
please note the image below. It is the 1H time frame and we see the price breaks down the trend line and this is our trigger to know the price is probably in the down trend.
Conclusion:
we expect that the ratio of bitcoin to other smaller cap coins is in the down trend. that means if you want to buy, it is better to buy bitcoin and if you want to sell (short), it is better to sell small cap coins.
combination of channel and divergence: update 1Hello everyone
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EURGBP :
my last analysis is here:
the price reached the lower bond of the parallel channel at the same time, it entered a strong support zone . Also, we see a divergence between MACD and the price.
My trigger for this trade was the short term trendline breakout and the trigger activated.
My target is resistant zone that shown on the chart.
please remember any analysis can be failed. so, manage your risk and respect your stop loss.
Divergence along with a good patternHello everyone
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XLMUSDT :
Possible elliot count was shown in the chart.
please note that at wave 5 we have an ending pattern with a divergence between the price and MACD oscillator.
the evidence support an idea of possible upside short term trend.
the price breaks the ending pattern and triggers the long position.
please remember any analysis can be failed. so, manage your risk and respect your stop loss.
FTMUSDTFTM price located at overbought zone acourding to RSI
Also MACD divergence is rormed at 1H timeframe
I think the price can reach first strong resistant level near 3.0
Then price can roll back to FIB level:
0.236 - 2.8 USDT
0.238 - 2.7 USDT
....
OIL: bearish outlookBefore we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
first:
The crude oil price reaches the upper line of parallel channel. the zone is good for selling.
second:
we see a divergence between the price and MACD at the top of the channel.
third:
a harmonic pattern could be seen. that may be a bearish bat pattern and D point may go higher to 0.886 but the price could reverse from now because of time analysis (fourth section)
the 127% level that is shown in the chart is the projection of AB from point C. (I do not want to crowd the chart but I want to show a cluster of Fibonacci level at this price.)
forth:
next high swing could be find from time analysis using X point and B point. (FIB ratio to find next high swing)
I expect bearish outlook for crude oil.
AT&T Bearish DivergenceThere's a bearish MACD Divergence on the AT&T daily chart. And to confirm this signal: RSI hasn't been in the overbought area for a while - but now it is.
Looking at the MACD, we see that MACD and the Signal Line are still moving in the same direction - to indicate a trend reversal we would need to see the MACD cross the signal line from above - so there's no bearish signal yet - BUT - the MACD histogram shows two hills with the second one (the newer one) being not that big as the first one. This might indicate that the price will still rise a bit to the resistance at 27.06 (R2) and then - after MACD crossed the Signal Line - it will fall to the monthly Pivot Point at 23.93.
Usually, the Pivot Points get touched by the price in the current or in one of the following time periods. So there are multiple Indicators to second the bearish Signal.
Low Risk Long Entry SELB1. Price near support + trendline.
2. Bullish divergence on the MACD.
3. ADX below 20 indicating that the sell off is weak.
4. Low volume sell off in line with rest of market/XBI.
5. Insider Dr. Timothy Springer (who made ~17000% on MRNA) keeps buying millions of shares above this level.
GBPUSD: bearish outlookBefore we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
GBPUSD 4H time frame:
the price reaches the upper line of the parallel channel, and meanwhile we see a divergence between the price and MACD. the divergence support the dynamic resistant as the upper line of channel.
Let's look closer at the end of the price movement.
the chart below shows 1H time frame.
buyers should be careful because at 1H time frame GBPUSD is printing an ascending channel (ending channel). buyers weakness is obvious.
I expect a bearish outlook for GBPUSD.
DXY Jan 2021 PA and Divergence with Time Speculationas we had analyzed this index earlier in lower time frames (240,D), we are getting more confluences or trend reversal even in the higher time frames of weekly.
we can see the price has reached one of its significant support zones and it is diverging with MACD and Its Histogram so forming a Bullish Divergence, which is the sign of trend reversal and we may have more confirmation as Price Action analysis also show that.
the TP zone has been Specified by Fibonacci retracement levels and Fibonacci Time base tools.
we may have some range and Accumulation at the same Support zone which the price is Currently located or instant trend reversal as USA Administration policies are also changing Due to the presidential Elections or if Washington faces more riot and chaos so does the index fall are reaches the heavy Support zone (Green Box)
we can think of shorting the USD Quote Currency Pairs such as EURUSD, GBPUSD, AUDUSD...
and long the USD Base Currency Instruments like USDJPY...
what do you think about it?
EURUSD Bearish Divergence and Shorting Chance Hi
as we can see this pair had shown a Bearish Divergence with MACD which is a sign of reversal and bearish trend to start and fall of Euro which i have specified it with Blue Arrows on MACD and Price
i have used Fibonacci Retracement Tool to forecast its fall and Specified the Fall Depth with a Green TP zone
i have also specified a SL line around 1.25 which is a good enough renege zone and free play space for the upcoming Fluctuations if any
please comment your ideas and opinions
combination of channel and divergenceHello everyone
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it !
EURGBP :
the price reaches the lower line of the parallel channel at the same time, it enters strong support zone.
A divergence between MACD and the price supports the idea of possible upside movement.
target for this analysis is the resistant zone that shown in the chart.
please remember any analysis can be failed. so, manage your risk and respect your stop loss.