PINE LIBRARY
Divergence
Library "Divergence"
Calculates a divergence between 2 series
bullish(_src, _low, depth) Calculates bullish divergence
Parameters:
_src: Main series
_low: Comparison series (`low` is used if no argument is supplied)
depth: Fractal Depth (`2` is used if no argument is supplied)
Returns: 2 boolean values for regular and hidden divergence
bearish(_src, _high, depth) Calculates bearish divergence
Parameters:
_src: Main series
_high: Comparison series (`high` is used if no argument is supplied)
depth: Fractal Depth (`2` is used if no argument is supplied)
Returns: 2 boolean values for regular and hidden divergence
I created this library to plug and play divergences in any code.
You can create a divergence indicator from any series you like.
Fractals are used to pinpoint the edge of the series. The higher the depth, the slower the divergence updates get.
My Plain Stochastic Divergence uses the same calculation. Watch it in action.
Calculates a divergence between 2 series
bullish(_src, _low, depth) Calculates bullish divergence
Parameters:
_src: Main series
_low: Comparison series (`low` is used if no argument is supplied)
depth: Fractal Depth (`2` is used if no argument is supplied)
Returns: 2 boolean values for regular and hidden divergence
bearish(_src, _high, depth) Calculates bearish divergence
Parameters:
_src: Main series
_high: Comparison series (`high` is used if no argument is supplied)
depth: Fractal Depth (`2` is used if no argument is supplied)
Returns: 2 boolean values for regular and hidden divergence
I created this library to plug and play divergences in any code.
You can create a divergence indicator from any series you like.
Fractals are used to pinpoint the edge of the series. The higher the depth, the slower the divergence updates get.
My Plain Stochastic Divergence uses the same calculation. Watch it in action.
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in a publication is governed by House rules.
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Disclaimer
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