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Divergence

Momentum DivergenceTrading Divergence based on Momentum (Indicator below), If you want to make this a strategy i would use all those indicators above for extra confirmation. "Momentum Divergence" indicator includes the following: -"Momentum Waves" (blue waves) -"Stochastic RSI" color change (green/red lines) -"RSI" (purple line) -"Money Flow Index" (green/red bar below) -"Volume Weighted Average Price" ( (yellow/red areas ) (not included yet, but i will include it soon)) Green/Red circles added for possible trend Reversals Alerts can be set on those Green/Red circles How to Trade: Draw Divergence between waves as shown on the chart for LONG/SHORT position (From a Big Wave to a small Wave ... The big Wave MUST be above Blue line in order to draw a divergence line (60 Threshold)) When to Sell: There is no specific way to exit but with support/resistance zones will help to exit position AND the other indicators will help too (DONT GET GREEDY) More info: Since this is a combination of oscillators it should work in any time frame. -MUST use Heikin Ashi candles. Coming updates: -Include VWAP -Automatic draws divergence between HH HL LH LL waves with pine script version @4
Pine Script™ indicator
by AndresVasconez
227
Vortex Trend TrackerThough it may sound complex, the Vortex Indicator is essentially an uptrend line and a downtrend line. The vortex indicator can be used for a variety of purposes, including tracking the strength of trends, identifying/anticipating reversals, and generating entry/exit signals. It’s calculation is shown in the open-source code below. To reduce the number of whipsaws produced by the indicator, we used an Exponential Moving Average of vmPlus and vmNegative values with a default length of 10. Decreasing this length will result in a more responsive vortex at the cost of more whipsaws and false signals. The chart shows the absolute value of the difference between the uptrend and downtrend line displayed as the main histogram. If the uptrend line is greater than the downtrend (thus indicating positive movement), then the histogram bars will be either light green or dark green. If the uptrend line has just now crossed the downtrend line, then the bar will be dark green. Bars will also be dark green when the uptrend line is greater than the downtrend line and the uptrend line is increasing. This means the trend is increasing in strength still. If the uptrend line is greater than the downtrend line, but is decreasing, then the bars will be light green. This means that the upwards trend is losing strength. If the downtrend line is greater than the uptrend line, then there is a negative trend occurring and the bars will be either red or light red. If the downtrend line has just crossed over the uptrend line or is increasing in value, then the bar will be red. If the downtrend line is greater than the uptrend line, but is decreasing in value, then the bars will be light red (meaning the downtrend is weakening). One way to trade using this vortex is to enter a long position when the bar color changes from red to light red. This would mean that the downtrend is decreasing in strength and an upwards reversal is likely to occur soon. Then, traders can exit their long position when the bars change from dark green to light green. When that color change occurs it means that the uptrend is running out of steam and price is unlikely to continue its upwards climb. Traders can also choose to have the uptrend and downtrend lines plotted as well in the input menu. This may make it easier to visualize the Vortex and its usefulness in identifying reversals.
Pine Script™ indicator
by ProfitProgrammers
10
VWMA/SMA Breakout and Divergence DetectorThis indicator compares four different values : -Fast Simple Moving Average(SMA) -Fast Volume Weighted Moving Average(VWMA) -Slow SMA -Slow VWMA Comparing SMA's and VWMA's of the same length is a common trading tactic. Since volume is not taken into consideration when calculating Simple Moving Averages, we can gain valuable insights from the difference between the two lines. Since volume should be increasing along with an upwards price movement, the VWMA should be greater than the SMA during a volume-supported uptrend. Thus, we can confirm an uptrend if the VWMA remains greater than the SMA. If the VWMA falls under the SMA in the midst of an upwards price movement, however, that indicates bearish divergence. The opposite is true for downtrends. If price is decreasing and volume is decreasing at the same time (as it should), then we can confirm the downtrend. Interpreting the Graph: If the slow SMA is greater than the slow VWMA, then the area representing the difference between the two lines is filled in red. If the slow VWMA is greater than the slow SMA, however, the area between the two is filled green. If the fast SMA is greater than the fast VWMA, then the area between the two dotted lines is filled in red. On the other hand, the area will be filled green if the fast VWMA is greater than the slow SMA. In addition to spotting divergences and confirming trends, the four lines can be used to spot breakouts. Typically, a VWMA crossover will precede the SMA crossover. When the fast VWMA crosses over the slow VWMA and then a SMA crossover follows shortly after, then it is a hint that a bullish trend is beginning to form.
Pine Script™ indicator
by ProfitProgrammers
13
💸 Divergence Finder v1.0 by Cryptothythms💸 Divergence Finder v1.0 by Cryptothythms Intro This indicator is meant as a quantitative look at divergences. Special thanks to RicardoSantos (legend!) for his divergence detection script which was used as a basis to construct this. Usage Lime Green = Regular Bullish Divergence Dark Green = Hidden Bullish Divergence Red = Regular Bearish Divergence Maroon = Hidden Bearish Divergence Remember... divergences do not have a high probability success overall. So to mitigate that this is an attempt to source many "opinions" on the state of divergence from many different classes of indicators. Leading indicators - Lead price action, but have a higher probability of false signals Real time indicators - Track price action, momentum, etc in a tick by tick state. Generally a 1-3 bars lag can be present. Lagging indicators - Lag price action a little, but offer more in terms of confirmation of the divergence Volume indicators - Look at volume flow in different fashions and give an added dimension to divergence finding. Remember volume divergences interact with price independently. For instance volume can be going down, but price going up. Be sure to understand the relationship of volume and price action when considering these readings. 👍 Enjoying this indicator or find it useful? Please give me a like and follow! I post crypto analysis, price action strategies and free indicators regularly. 💬 Questions? Comments? Want to get access to an entire suite of proven trading indicators? Come visit us on telegram and chat, or just soak up some knowledge. We make timely posts about the market, news, and strategy everyday. Our community isn't open only to subscribers - everyone is welcome to join. For Trialers & Chat: t.me/cryptorhythms
Pine Script™ indicator
by theheirophant
4
Cuban's VWAP DivergencesAfter using many different divergence scripts, I struggled to find one that didn't indiscriminately signal a constant divergence while the price was trending. This study attempts to solve this issue, along with filtering out false signals. I have found it to print less signals and to be more accurate. It also gives you a confluence level between high probability reversals (labels) and lower probability reversals (crosses), and some clever trade logic in the candle colouring -- to signal when to take the trade. I have added a night mode for aesthetic label colouring and an option to minimise labels all together. I recommend using this study in conjunction with one of my other scripts; Cuban's LTF Trend Oscillator.
Pine Script™ indicator
by cubantobacco
30
OBV On Balance Volume - Divergences - LibertusHello all, As my RSI divergences script became popular, I got few requests for making divergences scripts on other indicators. One of most popular and requested indicators next to RSI is OBV (on balance volume) which measures buy and sell volume based on candle close (green/red). So finally, here it is, divergences script for OBV. I'll probably also make candle edition script after I iron out bugs on this one. Have fun and good luck with trading. Note for those that are not familiar, here you can find my RSI divergences scripts: RSI Divergences - regular - RSI Divergences - candle edition -
Pine Script™ indicator
by Libertus
31
OBV+ (v0.1)Just playing around with some ideas I had with On Balance Volume (OBV). Added a divergence spotter and EMA's that all uses OBV as a source. Let me know if you have any feedback! My main use of OBV: 1) Confirm trend continuation: When price has a clear trend, OBV should be aligned with the trend. 2) Discover price reversal: When price and OBV moves in opposite directions, you can expect a reversal. DIVERGENCE SPOTTER The spotter will tell you when there are divergences between OBV and price. These are useful as they can indicate a trend reversal; Regular Bullish Divergence If price is making lower lows (LL), but the OBV is making higher lows (HL), this is considered to be regular bullish divergence . This normally occurs at the end of a DOWNTREND. Regular Bearish Divergence Now, if the price is making a higher high (HH), but the OBV is lower high (LH), then you have regular bearish divergence. This type of divergence can be found in an UPTREND. After price makes that second high, if the OBV makes a lower high, then you can probably expect price to reverse and drop . Hidden Bullish Divergence This can be seen when the pair is in a UPTREND. Once price makes a higher low (HL), look and see if the OBV does the same. Hidden Bearish Divergence Lastly, we’ve got hidden bearish divergence. This occurs when price makes a lower high (LH), but the OBV is making a higher high (HH). By now you’ve probably guessed that this occurs in a DOWNTREND. When you see hidden bearish divergence, chances are that the pair will continue to shoot lower and continue the downtrend.
Pine Script™ indicator
by Supervillain