Oscillator Divergence Histogram
From the bottom up.
0 to 1 (black): MACD
1 to 2 (green): Elders Force Index
2 to 3 (blue): RSI
3 to 4 (purple): Awesome Oscillator
4 to 5 (red): Commodity channel index
5 to 6 (orange): Stochastic
You can change the identification of the divergence in the settings and use the Oscillator Divergences indicator to visually see them when testing.
This detects the following divergences between price and the oscillator.
Regular Bullish Divergence: Price lower low | Oscillator higher low
Regular Bearish Divergence: Price higher high | Oscillator lower high
Hidden Bullish Divergence: Price higher low | Oscillator lower low
Hidden Bearish Divergence: Price lower high | Oscillator higher high
Early warning alert system. This identifies a developing divergence and can be used to set alerts.
Colors
Bearish: Maroon
Bullish: Green
Hidden Bearish: Light brown
Hidden Bullish: Light green
Developing early warning are lighter shades of the above.
Minor code fix
Video on use
-Fixed missing alerts
-Added possibility to alert if more than X number of oscillators have a similar divergence
Video on how to set up alerts
- Hidden Bearish Divergence on any Selected Oscillator
- Hidden Bearish Divergence Developing on any Selected Oscillator
- Regular Bearish Divergence on any Selected Oscillator
- Regular Bearish Divergence Developing on any Selected Oscillator
- Regular Bullish Divergence on any Selected Oscillator
- Regular Bullish Divergence Developing on any Selected Oscillator
- Hidden Bullish Divergence on any Selected Oscillator
- Hidden Bullish Divergence Developing on any Selected Oscillator
- Hidden Bearish Divergence on multiple oscillators >= value in input 'Alert Options 1)'
- Hidden Bearish Divergence Developing on multiple oscillators >= value in input 'Alert Options 1)'
- Regular Bearish Divergence on multiple oscillators >= value in input 'Alert Options 1)'
- Regular Bearish Divergence Developing on multiple oscillators >= value in input 'Alert Options 1)'
- Regular Bullish Divergence on multiple oscillators >= value in input 'Alert Options 1)'
- Regular Bullish Divergence Developing on multiple oscillators >= value in input 'Alert Options 1)'
- Hidden Bullish Divergence on multiple oscillators >= value in input 'Alert Options 1)'
- Hidden Bullish Divergence Developing on multiple oscillators >= value in input 'Alert Options 1)'
Link to sister indicator
Setup video Early warning alerts
-Added new label color for dark theme.
Major code clean
I add an option (X) to require candle close for plots and alerts (this is mainly useful for the alerts)
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact SemiQuant directly.
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Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact SemiQuant directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.