TALibrary "TA"
General technical analysis functions
div_bull(pS, iS, cp_length_after, cp_length_before, pivot_length, lookback, no_broken, pW, iW, hidW, regW)
Test for bullish divergence
Parameters:
pS : Price series (float)
iS : Indicator series (float)
cp_length_after : Bars after current (divergent) pivot low to be considered a valid pivot (optional int)
cp_length_before : Bars before current (divergent) pivot low to be considered a valid pivot (optional int)
pivot_length : Bars before and after prior pivot low to be considered valid pivot (optional int)
lookback : Bars back to search for prior pivot low (optional int)
no_broken : Flag to only consider divergence valid if the pivot-to-pivot trendline is unbroken (optional bool)
pW : Weight of change in price, used in degree of divergence calculation (optional float)
iW : Weight of change in indicator, used in degree of divergence calculation (optional float)
hidW : Weight of hidden divergence, used in degree of divergence calculation (optional float)
regW : Weight of regular divergence, used in degree of divergence calculation (optional float)
Returns:
flag = true if divergence exists (bool)
degree = degree (strength) of divergence (float)
type = 1 = regular, 2 = hidden (int)
lx1 = x coordinate 1 (int)
ly1 = y coordinate 1 (float)
lx2 = x coordinate 2 (int)
ly2 = y coordinate 2 (float)
div_bear(pS, iS, cp_length_after, cp_length_before, pivot_length, lookback, no_broken, pW, iW, hidW, regW)
Test for bearish divergence
Parameters:
pS : Price series (float)
iS : Indicator series (float)
cp_length_after : Bars after current (divergent) pivot high to be considered a valid pivot (optional int)
cp_length_before : Bars before current (divergent) pivot highto be considered a valid pivot (optional int)
pivot_length : Bars before and after prior pivot high to be considered valid pivot (optional int)
lookback : Bars back to search for prior pivot high (optional int)
no_broken : Flag to only consider divergence valid if the pivot-to-pivot trendline is unbroken (optional bool)
pW : Weight of change in price, used in degree of divergence calculation (optional float)
iW : Weight of change in indicator, used in degree of divergence calculation (optional float)
hidW : Weight of hidden divergence, used in degree of divergence calculation (optional float)
regW : Weight of regular divergence, used in degree of divergence calculation (optional float)
Returns:
flag = true if divergence exists (bool)
degree = degree (strength) of divergence (float)
type = 1 = regular, 2 = hidden (int)
lx1 = x coordinate 1 (int)
ly1 = y coordinate 1 (float)
lx2 = x coordinate 2 (int)
ly2 = y coordinate 2 (float)
Divergence
Ultimate Oscillator + Realtime DivergencesUltimate Oscillator (UO) + Realtime Divergences + Alerts + Lookback periods.
This version of the Ultimate Oscillator adds the following 5 additional features to the stock UO by Tradingview:
- Optional divergence lines drawn directly onto the oscillator in realtime
- Configurable alerts to notify you when divergences occur, as well as centerline crossovers.
- Configurable lookback periods to fine tune the divergences drawn in order to suit different trading styles and timeframes.
- Background colouring option to indicate when the UO has crossed the centerline, or optionally when both the UO and an external oscillator, which can be linked via the settings, have both crossed their centerlines.
- Alternate timeframe feature allows you to configure the oscillator to use data from a different timeframe than the chart it is loaded on.
This indicator adds additional features onto the stock Ultimate Oscillator by Tradingview, whose core calculations remain unchanged. Namely the configurable option to automatically and clearly draw divergence lines onto the oscillator for you as they occur in realtime. It also has the addition of unique alerts, so you can be notified as divergences occur without spending all day watching the charts. Furthermore, this version of the Ultimate Oscillator comes with configurable lookback periods, which can be configured in order to adjust the length of the divergences, in order to suit shorter or higher timeframe trading approaches.
The Ultimate Oscillator
Tradingview describes the Ultimate Oscillator as follows:
“The Ultimate Oscillator indicator (UO) indicator is a technical analysis tool used to measure momentum across three varying timeframes. The problem with many momentum oscillators is that after a rapid advance or decline in price, they can form false divergence trading signals. For example, after a rapid rise in price, a bearish divergence signal may present itself, however price continues to rise. The ultimate Oscillator attempts to correct this by using multiple timeframes in its calculation as opposed to just one timeframe which is what is used in most other momentum oscillators.”
More information on the history, use cases and calculations of the Ultimate Oscillator can be found here: www.tradingview.com
What are divergences?
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
There are 4 main types of divergence, which are split into 2 categories;
regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation.
Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend.
Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend.
Hidden bullish divergence: An indication of a potential uptrend continuation.
Hidden bearish divergence: An indication of a potential downtrend continuation.
Setting alerts.
With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose.
Configurable lookback values.
You can adjust the default lookback values to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action.
How do traders use divergences in their trading?
A divergence is considered a leading indicator in technical analysis , meaning it has the ability to indicate a potential price move in the short term future.
Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes.
When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level . A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase.
Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur.
Disclaimer: This script includes code from the stock UO by Tradingview as well as the Divergence for Many Indicators v4 by LonesomeTheBlue.
True Strength Indicator + Realtime DivergencesTrue Strength Indicator (TSI) + Realtime Divergences + Alerts + Lookback periods.
This version of the True Strength Indicator adds the following 5 additional features to the stock TSI by Tradingview:
- Optional divergence lines drawn directly onto the oscillator in realtime.
- Configurable alerts to notify you when divergences occur, as well as when the TSI and lagline bands crossover one another, when the oscillator begins heading up, or heading down.
- Configurable lookback periods to fine tune the divergences drawn in order to suit different trading styles and timeframes.
- Background colouring option to indicate when the two TSI bands, the TSI line and the TSI lagline, have crossed one another, either moving upwards or downwards, or optionally when the two TSI bands have crossed upwards and an external oscillator, which can be linked via the settings, has crossed above its centerline, and the TSI bands have crossed downwards and the external oscillator has crossed below its centerline.
- Alternate timeframe feature allows you to configure the oscillator to use data from a different timeframe than the chart it is loaded on.
This indicator adds additional features onto the stock TSI by Tradingview, whose core calculations remain unchanged, although this version has different settings as default to suit a shorter time period (it uses 6, 13, 4 by default, whereas the stock TSI typically ships with higher values, e.g. 25, 13, 13). Namely the configurable option to automatically, quickly and clearly draw divergence lines onto the oscillator for you as they occur in realtime. It also has the addition of unique alerts, so you can be notified when divergences occur without spending all day watching the charts. Furthermore, this version of the TSI comes with configurable lookback periods, which can be configured in order to adjust the sensitivity of the divergences, in order to suit shorter or higher timeframe trading approaches.
The True Strength Indicator
Tradingview describes the True Strength Indicator as follows:
“The True Strength Index (TSI) is a momentum oscillator that ranges between limits of -100 and +100 and has a base value of 0. Momentum is positive when the oscillator is positive (pointing to a bullish market bias) and vice versa. It was developed by William Blau and consists of 2 lines: the index line and an exponential moving average of the TSI, called the signal line. Traders may look for any of the following 5 types of conditions: overbought, oversold, centerline crossover, divergence and signal line crossover. The indicator is often used in combination with other signals..”
What are divergences?
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
There are 4 main types of divergence, which are split into 2 categories;
regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation.
Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend.
Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend.
Hidden bullish divergence: An indication of a potential uptrend continuation.
Hidden bearish divergence: An indication of a potential downtrend continuation.
Setting alerts.
With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose.
Configurable lookback values.
You can adjust the default lookback values to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action.
How do traders use divergences in their trading?
A divergence is considered a leading indicator in technical analysis , meaning it has the ability to indicate a potential price move in the short term future.
Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes.
When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level . A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase.
Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur.
Disclaimer: This script includes code from the stock TSI by Tradingview as well as the Divergence for Many Indicators v4 by LonesomeTheBlue
RSI + MA, LinReg, ZZ (HH HL LH LL), Div, Ichi, MACD and TSI HistRelative Strength Index with Moving Average, Linear Regression, Zig Zag (Highs and Lows), Divergence, Ichimoku Cloud, Moving Average Convergence Divergence and True Strength Index Histogram
This script is based on zdmre's RSI script, I revamped a lot of things and added a few indicators from ParkF's RSI script.
Disable Labels in the Style tab and the histogram if you don't enlarge the indicator and it seems too small.
Look to buy in the oversold area and bounce of the support of the linear regression.
Look to sell in the overbought area and bounce of the resistance of the linear regression.
Look for retracement to the moving average or horizontal lines, and divergences for potential reversal.
RSI
The Relative Strength Index (RSI) is a well versed momentum based oscillator which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements.
Moving Average
Moving Average (MA) is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance.
Linear Regression
The Linear Regression indicator visualizes the general price trend of a specific part of the chart based on the Linear Regression calculation.
Zig Zag (Highs and Lows)
The Zig Zag indicator is used to identify price trends, and in doing so plots points on the chart to mark whenever prices reverse by a larger percentage point than a predetermined variable or marker.
Divergence
The divergence indicator warns traders and technical analysts of changes in a price trend, oftentimes that it is weakening or changing direction.
Ichimoku Cloud
The Ichimoku Cloud is a package of multiple technical indicators that signal support, resistance, market trend, and market momentum.
MACD and TSI Histogram
MACD can be used to identify aspects of a security's overall trend.
The True Strength Index indicator is a momentum oscillator designed to detect, confirm or visualize the strength of a trend.
Wolfpack Divergences [multigrain]█ OVERVIEW
A fast and improved divergence finding algorithm that aims to be better than the built-in TradingView divergence algorithm.
█ CONCEPTS
Wolfpack
Wolfpack is an oscillator made popular by darrellfischer1 all the way back in 2017. Since then the Wolfpack oscillator has been utilized by a number of notable strategy/indicator creators. At some point it was realized that the oscillator was simply the Moving Average Crossover Divergence oscillator with the fast and slow length of 3 and 8, respectively. The true significance and reasoning behind these lengths are unknown, however one may surmise that they are chosen due to their relevance as Fibonacci numbers.
Divergences
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
█ USAGE
Wolfpack
Similar to many other oscillators, when the Wolfpack oscillator reports a value above the zero-line, this indicates a bullish trend in the price. Subsequently, a value below the zero-line indicate a bearish trend in the price.
Divergences
Divergence in technical analysis may signal a major positive or negative price move. A positive divergence occurs when the price of an asset makes a new low while an indicator, such as money flow, starts to climb. Conversely, a negative divergence is when the price makes a new high but the indicator being analyzed makes a lower high.
Faytterro EstimatorWhat is Faytterro Estimator?
This indicator is an advanced moving average.
What it does?
This indicator is both a moving average and at the same time, it predicts the future values that the price may take based on the values it has taken before.
How it does it?
takes the weighted average of data of the selected length (reducing the weight from the middle to the ends). then draws a parabola through the last three values, creating a predicted line.
How to use it?
it is simple to use. You can use it both as a regression to review past prices, and to predict the future value of a price. uptrends are in green and downtrends are in red. color change indicates a possible trend change.
MACD DivergencesUpdate of MACD indicator which shows the most recent, and developing, price action divergences with the histogram.
Price Convergence DivergenceSimple Price convergence divergence. Current close minus past or in other words lagging price.
Divergence MACD Sign/Alert [MsF]MACD divergence sign & alert notification.
With this router, you can choose which further indicators you want to see divergence in MACD.
In addition, in order to improve visibility, the sub-window is designed to display only the selected index and diversity.
Lookback Bars: When detecting divergence, you can set how many bars to look back in the past.
--------------
MACDダイバージェンスのサイン＆アラートインジケータです。
このインジケータでは、MACDの中でさらにどの指標のダイバージェンスを見るか選択できます。"MACD"、"Signal"、"ヒストグラム"の3つから選べます。
なお、サブウィンドウには可視性向上のため、選択した指標とダイバージェンスのみを表示する仕様としています。
■設定について
Lookback Bars：ダイバージェンス検出する場合に、何個のバーを過去にさかのぼるか設定できます。
Defu_DivergenceThis is a composite indicator, a collection of multiple indicators
It includes the following:
1. the gray background has a huge trading volume ,
2. the market cost deviates, and the relationship between the closing price of the black line, the red line and the blue line and the short-term, medium-term and long-term average. Compare the difference after mutual subtraction.
3. blue orange column fund flow indicator MFI , color transparency indicates the value
4. the Bollinger belt signals with a short deviation rate, which is the Bollinger belt with a black line.
======================The above translation is from Google
这是一个复合指标，集合了多种指标
包括以下：
1.灰色背景成交量巨大，
2.市场成本乖离 ，黑色线、红色线、蓝色线收盘价与 短期 、中期、长期三条均线之间的关系。互减后比较差值。
3.蓝橙柱 资金流量指标MFI,颜色的透明度表示值的大小
4.布林带 以短期乖离率信号，就是黑色线的布林带。
TSI + DivergencesTrue Strength Indicator (TSI) + Divergences + Alerts + Lookback periods.
This version of the True Strength Indicator adds the following 3 additional features to the stock TSI by Tradingview:
- Optional divergence lines drawn directly onto the oscillator.
- Configurable alerts to notify you when divergences occur.
- Configurable lookback periods to fine tune the divergences drawn in order to suit different trading styles and timeframes.
This indicator adds additional features onto the stock TSI by Tradingview, whose core calculations remain unchanged. Namely the configurable option to automatically, quickly and clearly draw divergence lines onto the oscillator for you as they occur, with minimal delay. It also has the addition of unique alerts, so you can be notified when divergences occur without spending all day watching the charts. Furthermore, this version of the TSI comes with configurable lookback periods, which can be configured in order to adjust the sensitivity of the divergences, in order to suit shorter or higher timeframe trading approaches.
The True Strength Indicator
Tradingview describes the True Strength Indicator as follows:
“The True Strength Index (TSI) is a momentum oscillator that ranges between limits of -100 and +100 and has a base value of 0. Momentum is positive when the oscillator is positive (pointing to a bullish market bias) and vice versa. It was developed by William Blau and consists of 2 lines: the index line and an exponential moving average of the TSI, called the signal line. Traders may look for any of the following 5 types of conditions: overbought, oversold, centerline crossover, divergence and signal line crossover. The indicator is often used in combination with other signals..”
What are divergences?
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
There are 4 main types of divergence, which are split into 2 categories;
regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation.
Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend.
Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend.
Hidden bullish divergence: An indication of a potential uptrend continuation.
Hidden bearish divergence: An indication of a potential downtrend continuation.
Setting alerts.
With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose.
Configurable lookback values.
You can adjust the default lookback values to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action.
How do traders use divergences in their trading?
A divergence is considered a leading indicator in technical analysis, meaning it has the ability to indicate a potential price move in the short term future.
Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes.
When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level. A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase.
Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur.
Disclaimer : This script includes code from the stock TSI by Tradingview as well as the RSI divergence indicator.
Ultimate Oscillator + DivergencesUltimate Oscillator (UO) + Divergences + Alerts + Lookback periods.
This version of the Ultimate Oscillator adds the following 3 additional features to the stock UO by Tradingview:
- Optional divergence lines drawn directly onto the oscillator.
- Configurable alerts to notify you when divergences occur.
- Configurable lookback periods to fine tune the divergences drawn in order to suit different trading styles and timeframes.
This indicator adds additional features onto the stock Ultimate Oscillator by Tradingview, whose core calculations remain unchanged. Namely the configurable option to automatically, quickly and clearly draw divergence lines onto the oscillator for you as they occur, with minimal delay. It also has the addition of unique alerts, so you can be notified when divergences occur without spending all day watching the charts. Furthermore, this version of the Ultimate Oscillator comes with configurable lookback periods, which can be configured in order to adjust the sensitivity of the divergences, in order to suit shorter or higher timeframe trading approaches.
The Ultimate Oscillator
Tradingview describes the Ultimate Oscillator as follows:
“The Ultimate Oscillator indicator (UO) indicator is a technical analysis tool used to measure momentum across three varying timeframes. The problem with many momentum oscillators is that after a rapid advance or decline in price, they can form false divergence trading signals. For example, after a rapid rise in price, a bearish divergence signal may present itself, however price continues to rise. The ultimate Oscillator attempts to correct this by using multiple timeframes in its calculation as opposed to just one timeframe which is what is used in most other momentum oscillators.”
More information on the history, use cases and calculations of the Ultimate Oscillator can be found here: www.tradingview.com
What are divergences?
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
There are 4 main types of divergence, which are split into 2 categories;
regular divergences and hidden divergences . Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation.
Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend.
Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend.
Hidden bullish divergence: An indication of a potential uptrend continuation.
Hidden bearish divergence: An indication of a potential downtrend continuation.
Setting alerts.
With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose.
Configurable lookback values.
You can adjust the default lookback values to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action.
How do traders use divergences in their trading?
A divergence is considered a leading indicator in technical analysis, meaning it has the ability to indicate a potential price move in the short term future.
Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes.
When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level. A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase.
Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur.
Disclaimer : This script includes code from the stock UO by Tradingview as well as the RSI divergence indicator.
Jurik Smoothed Stochastic - TraderHalaiJurik Smoothed Stochastic
The stochastic indicator has been long used by traders to identify inflection points in the price and to give a direction on Bullish and Bearish bias.
This indicator aims to improve on the plots the %K value smoothed using a Jurik Filter instead of a simple moving average. This allows for a more adaptive K value average price, whilst also providing superior smoothing to traditional moving averages.
As the Jurik Filter is a proprietary and non-open-source implementation, this script uses a common filters library implementation of Jurik MA which is a suitable proxy to the actual Jurik MA filter.
Big thanks to LastGuru for making his version freely available. You can find his version of the Jurik Filters in the credits section below.
%K is the Jurik Smoothed Version of the original Stochastic Formula
%D is calculated using the following formula. This idea was borrowed from John Ehler’s stochastic implementation and can be seen below:
%D = 0.05 + 0.95 * K
Features
%K line, Overbought and Oversold level and Mid Line Level
Oversold / Overbought reversal indicators and signals - Shown in Red and Green
Bullish / Bearish Divergences – Including Hidden divergences to spot reversals and continuations of trend (Big thanks to the developers of the built-in RSI Divergence indicator) - Shown as below:
Bullish / Bearish crossover of %K with %D - Shown in Cyan and Fuschia
Alerts for all of the above conditions
Double Jurik smoothing mode - similar to slow Stochastic
Credits :
Massive shoutout to the following scripts:
LastGuru JurikMA implementation (Common Filters Library)
Divergence Indicator – Built into TradingView and coded by TradingView Developers
This script is published as open source to allow for criticism, further development of this strategy and use by the community. Feel free to use this indicator/source code as you see fit.
Enjoy! :)
RSI Potential Divergence - FontiramisuIndicator showing potential momentum divergences on RSI Momentum.
The problem with the classic divergence is that when the signal appears, it is sometimes too late to enter a trade.
The potential divergence corrects this problem by signaling the beginning of a potential divergence.
RSI is a momentum indicator that offers relevant insights with divergences.
Potential divergences are indicated with the letter B and a red color for Bearish Div or Green color for Bullish Div .
Potential divergence is confirmed when the line and the label "Bear"' or "Bull" appear.
MA SLope Potential Divergence - FontiramisuIndicator showing potential momentum divergences on Moving Average's Slope.
The problem with the classic divergence is that when the signal appears, it is sometimes too late to enter a trade .
The potential divergence corrects this problem by signaling the beginning of a potential divergence .
Moving average slope is a momentum indicator that offers relevant insights with divergences
Potential divergences are indicated with the letter B and a red color for Bearish Div or Green color for Bullish Div .
Potential divergence is confirmed when the line and the label "Bear"' or "Bull" appear.
You can either show fast slope's divergences or slow slope's divergences or slow/fast diff's divergences.
RSI PacingThe RSI Pacing indicator compares the movement of the RSI directly with the movement of the asset to help identify divergences.
Bullish Divergences
The RSI is increasing at a greater rate than the pace of the asset.
The RSI is decreasing at a lesser rate than the pace of the asset.
Bearish Divergences
The RSI is decreasing at a greater rate than the pace of the asset.
The RSI is increasing at a lesser rate than the pace of the asset.
Warning: Does not yet work on higher timeframes yet. Working on getting the pace normalized to the RSI's bounds.
OBV with Volume/Momentum DivergenceCredits go to vyperphi696 and LazyBear for the original OBV with Divergence script.
This indicator has the new option to check for momentum divergence, which I have done by adding RSI and MACD data.
Hence the indicator allows combined testing of volume and momentum divergence. This feature aims to improve trend reversal detection by reducing false positives.
In summary, 3 divergence categories are shown by default as lines:
Volume + RSI + MACD (dark green/red)
Volume + RSI / Volume + MACD (light green/red)
Volume (gray)
Line colors can be adjusted via plot settings. Therefore it is also possible to distinguish Volume + RSI and Volume + MACD divergence if necessary.
Lastly, I edited the indicator scaling mechanism when changing from one timeframe to another; the transitions are smoother now. This only applies when auto-scaling is off.
PSS Divergence RSIThe objective of the script is to identify the divergences (positive / negative) and visualize them as an indicator to easily spot the possible trend change.
Ingredients -
a. 34 period RSI at current candle
b. 34 period RSI at 21 candles back
c. 5 EMA of a
d. 5 EMA of b
e. 5 EMA of current candle
f. 5 EMA of 21 candles back
Description -
The indicator is designed for scalping and to smooth-out the noise in shorter timeframe (1 min), bigger period (34) is used for RSI calculation.
The core idea of divergence is to look at RSI movement in relation to price movement, hence a ratios are created for RSI value relative to it's price.
R1 = rsiMA1*100/priceMA1
R2 = rsiMA2*100/priceMA2
Some mathematics is applied over the calculated ratios to determine if there is bullish or bearish divergence -
Div = (R1-R2)*100/(R1+R2)
The reasoning to apply 5 EMA to price as well as RSI is to compare areas (5 candles) instead of single point comparison for better insights.
The value above zero line is considered positive divergence and below zero line is negative divergence.
Recommended to combine with Pivot Points, Fibonacci or Gann levels as confirmation to enter the trade.
Reviews / feedbacks are most welcome !
Prasad Shenwai
prasad.s.shenwai@gmail.com
Realtime Divergence for Any IndicatorThis indicator is an addon to any oscillating indicator. It shows divergences. It shows realtime divergences too. Realtime divergences are potential divergences because the actual pivot is not fully formed.
It shows:
Regular Bullish Divergences
Hidden Bullish Divergences
Regular Bearish Divergences
Hidden Bearish Divergences
Reatime divergence lines are dashed lines while non-reatime are solid.
This script also offers a fair bit of control over what you can accept as a legitimate divergence.
Also note that functions tend to not work properly in conditional and loop structures so I couldn't use a lot of functions and consequently my script is really big. Sorry.
Neo's %KIn my opinion the %K is the only part of the stochastic that you actually need. It's the fast RSI, so it responds much better to large price movements and reveals divergence a lot sooner than %D. The %D has no real confluence with the rest of my strategy so, I only use %K.
EMCHO Stochastic RangeCustom Stochastic Oscillator with range plot. Can be used to better identify overbought/oversold conditions within a single bar. In addition to the default Stochastic:
%K line smoothing algorithm selection;
%D line smoothing algorithm selection;
%K line high/low plotting;
%K line high/low calculation factor (in bars, default 1).
Stoch RSI, Div, Zone S3 by Gammaprod>> How to use this indicator :
1. Set your teadingview theme to dark theme.
2. My indicator is valid for forex, stock and but more valid for crypto.
3. Use three timeframe for more validation (choose between those, that fit to your trading style) :
- Timeframe 1m, 5m, and 15m for Scalping
- Timeframe 30m, 1h and 4h for Intraday
- Timeframe 4h, 1D and 1W for Swing Trading
4 . Always use THREE INDICATORS FROM GAMMAPROD, those three indicators is back to back each other, by the way, I only made those three indicators only (for now) :
- Trendlines Boll Ichi Crypto by Gammaprod
- Stoch RSI Divs Zone Crypto by Gammaprod
- MACD Volume Crypto by Gammaprod
>> How to setting :
1. Trendlines Boll Ichi Crypto by Gammaprod
A. Support and Resistence
- Well if you familiar with this indicator you can add it, but recommended for Timeframe 30m or more
B. Trendlines Primary or Trendlines Secondary
- Timeframe 1m you DON'T NEED Trendlines Primary or Trendlines Secondary
- Timeframe 5m you DON'T NEED Trendlines Secondary, but you CAN ADD Trendlines Primary if you fell it helpful (for me, it is helpful to find where the candles start or the end trend or a consolidation or where the candles will surpass a resistance or a support).
- Timeframe 15m you DON'T NEED Trendlines Secondary, DEFENITELY add Trendlines Primary it will help to find where the candles stop or a consolidation or where the candles will surpass a resistance or a support).
- Timeframe 30m or more, DEFENITELY NEED BOTH Trendlines Primary and Secondary Trendlines, it will help to find where the candle stop or consolidation or where the candle will surpass a resistance or support).
C. Bolinger, Ichimoku Cloud and Lagging Span
- Please DON'T CHANGE IT at all, it's really helpful to know when and where to make an entry decesion or a trend or a consolidation, if you don't understand how to read it, you better to learn it first (on "how to read" section and "How to OPEN position" the section below)
2. Stoch RSI Divs Zone Crypto by Gammaprod (DON'T CHANGE IT)
3. MACD Volume Crypto by Gammaprod (DON'T CHANGE IT)
>> How to read :
1. Sell or Buy Priority :
A. Buy Priority
- Color background on macd and stoch rsi is pink or purple sell is the priority, (if you're not sure to buy, just wait until the best moment to sell)
B. Buy Priority
- Color background on macd and stoch rsi Teal or light green buy is the priority, (if you're not sure to sell, just wait until the best moment to buy)
C. Indecision / Golden Moment
- Color background on stoch rsi yellow is indecision / golden moment of reversal pattern (wait until it formed background only on Stoch RSI), please becareful at this moment.
2. Trend / Consolidation :
A. BULLISH trend
- When Stoch RSI and MACD have teal or light green background that's means BULLISH trend, better to confirm by the candle is above green cloud and lagging span (red line) is also above the candle.
B. BEARISH trend
- When Stoch RSI and MACD have the Pink or purple background that's means BEARISH trend, better to confirm by the candle is above purple cloud and lagging span (red line) is also below the candle.
C. CONSOLIDATION
- When Stoch RSI have the mix background that's means CONSOLIDATION, better to confirm by the candle is in or near to green / purple cloud and lagging span (red line) is also on the candle.
3. Special Mark
A. Ideal Bullish :
- Near line 20 and green / teal background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for buy
B. Not an Ideal Bullish :
- Near line 80 and green / teal background = if this happens make sure you know what happen, it could be a false signal or bullish continual pattern
C. Ideal Bearish :
- Near line 80 and pink / purple background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for sell position.
D. Not an Ideal Bearish:
- Near line 20 and pink / purple background = if this happens make sure you know what happen, it could be a false signal or bearish continual pattern
E. The Beginning of Reversal (from BEARISH to BULLISH) :
- When Stoch RSI line shaping GREEN position is near 20.
- MACD lines still PINK, position lines is UNDER the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL PINK (light pink) and the BACKGROUND still PINK / PURPLE.
- Position CANDLES NEAR BLUE line, NEAR PURPLE CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
F. The Beginning of Reversal (from BULLISH to BEARISH) :
- When Stoch RSI line shaping PINK position is near 80.
- MACD lines still GREEN, position lines is ABOVE the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL GREEN (light green) and the BACKGROUND still TEAL / GREEN.
- Position CANDLES NEAR WHITE line, NEAR TEAL CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
G. False Signals, or It could be a Golden Moment (better to see it on TF 15 or bigger):
- Near line 20 or 80 and yellow background = When Stoch RSI have the char R / H on color label, that's means divergence or hidden divergence for buy / sell position, if you not see this label that's means just a standard confirmation for buy / sell depends on where the Stoch RSI line if near 20 that's means buy, near 80 means sell
>> How to OPEN position:
A. Bullish
1. Trendlines Boll Ichi Crypto by Gammaprod
- The candles above the green cloud.
- Lagging span (red line) above the candles.
- then open buy near yellow line (the first option) / blue line (the second option) (always confirm the position with two other indicators below).
2. Stoch RSI Divs Zone Crypto by Gammaprod
- Teal or Green background.
- The lines is shaping green.
- Better if on the bottom (at a range 20).
3. MACD Volume Crypto by Gammaprod
- Teal or Green background.
- The lines is shaped or shaping green.
- Better if at the green histogram.
B. Bearish
1. Trendlines Boll Ichi Crypto by Gammaprod
- The candles below the purple cloud.
- Lagging span (red line) below the candles.
- then open buy near yellow line (the first option) / white line (the second option) (always confirm the position with two other indicators below).
2. Stoch RSI Divs Zone Crypto by Gammaprod
- Pink or purple background.
- The lines are shaping pink.
- Better if the line on the top (at a range 80).
3. MACD Volume Crypto by Gammaprod
- Pink or purple background.
- The lines are shaped or shaping green.
- Better if at the pink histogram.
C. Consolidation
1. Trendlines Boll Ichi Crypto by Gammaprod
- The candles on the cloud (green or purple).
- Lagging span (red line) on the candles.
- then open buy near the white or blue line (always confirm the position with two other indicators below).
2. Stoch RSI Divs Zone Crypto by Gammaprod
- Mix background specially on a timeframe 15m or more.
- The line move fast up and down.
- Better if on the bottom or the top of the lines (at a range 20 or 80).
3. MACD Volume Crypto by Gammaprod
- Changing the background.
- The line is near the middle line.
- Have small Histogram.
>> The secret ingridient is comparing the timeframe :
The example scalping (Timeframe 1m, 5m and 15m)
- TF 1m is for making an open position.
- TF 5m is for making a judgement of the trend market.
- TF 15m is to confirm that judgement from TF 5m, be careful if it not similar then it used to be a consolidation or the beginning of the reversal.
There's a lot a way to open the position than above information that i gave it to you, but consider there are a limit char on this column, I hope it will help your trading and make a more profit on it.
FaustFaust is a composite indicator that combines 3 volume indicators: TSV, OBV, and PVT.
TSV moving average is plotted as an oscillator. OBV and PVT are calculated internally.
Four divergences are calculated for each indicator (regular bearish, regular bullish, hidden bearish, and hidden bullish) with three look-back periods (high, mid, and small).
For TSV, the fattest plotted line is the divergence with the highest look-back period, and the thinnest line is the divergence with the shortest look-back period.
For PVT, the larger the circle, the higher the divergence look-back period.
For OBV, the larger the triangle, the higher the divergence look-back period.
