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Divergence

Zigzag Trend/Divergence DetectorPullbacks are always hardest part of the trade and when it happen, we struggle to make decision on whether to continue the trade and wait for recovery or cut losses. Similarly, when an instrument is trending well, it is often difficult decision to make if we want to take some profit off the table. This indicator is aimed to make these decisions easier by providing a combined opinion of sentiment based on trend and possible divergence. ⬜ Process ▶ Use any indicator to find trend bias. Here we are using simple supertrend ▶ Use any oscillator. I have added few inbuilt oscillators as option. Default used is RSI. ▶ Find divergence by using zigzag to detect pivot high/low of price and observing indicator movement difference between subsequent pivots in the same direction. ▶ Combine divregence type, divergence bias and trend bias to derive overall sentiment. Complete details of all the possible combinations are present here along with table legend ⬜Chart Legend C - Continuation D - Divergence H - Hidden Divergence I - Indeterminate ⬜ Settings ▶ Zigzag parameters : These let you chose zigzag properties. If you check "Use confirmed pivots", then unconfirmed pivot will be ignored in the table and in the chart ▶ Oscillator parameters : Lets you select different oscillators and settings. Available oscillators involve CCI - Commodity Channel Index CMO - Chande Momentum Oscillator COG - Center Of Gravity DMI - Directional Movement Index (Only ADX is used here) MACD - Moving average convergence divergence (Can chose either histogram or MACD line) MFI - Money Flow Index MOM - Momentum oscillator ROC - Rate Of Change RSI - Relative Strength Index TSI - Total Strength Index WPR - William Percent R BB - Bollinger Percent B KC - Keltner Channel Percent K DC - Donchian Channel Percent D ADC - Adoptive Donchian Channel Percent D ( Adoptive-Donchian-Channel ) ▶ Trend bias : Supertrend is used for trend bias. Coloring option color candles in the direction of supertrend. More option for trend bias can be added in future. ▶ Stats : Enables you to display history in tabular format. Overview of settings present here: ⬜ Notes Trend detection is done only with respect to previous pivot in the same direction. Hence, if chart has too many zigzags in short period, try increasing the zigzag length or chart timeframe. Similarly, if there is a steep trend, use lower timeframe charts to dig further. Oscillators does not always make pivots at same bar as price. Due to this some the divergence calculation may not be correct. Hence visual inspection is always recommended. ⬜ Possible future enhancements More options for trend bias Enhance divergence calculation. Possible options include using oscillator based zigzag as primary or using close prices based zigzag instead of high/low. Multi level zigzag option - Can be messy to include more than one zigzag. Option can be added to chose either Level1 or Level2 zigzags. Alerts - Alerts can only be added for confirmed pivots - otherwise it will generate too many unwanted alerts. Will think about it :) If I get time, I will try to make a video.
Pine Script™ indicator
by Trendoscope
147
Macd Divergence + MTF EMA MACD Divergence + Multi Time Frame EMA This Strategy uses 3 indicators: the Macd and two emas in different time frames The configuration of the strategy is: Macd standar configuration (12, 26, 9) in 1H resolution 10 periods ema, in 1H resolution 5 periods ema, in 15 minutes resolution We use the two emas to filter for long and short positions. If 15 minutes ema is above 1H ema, we look for long positions If 15 minutes ema is below 1H ema, we look for short positions We can use an aditional filter using a 100 days ema, so when the 15' and 1H emas are above the daily ema we take long positions Using this filter improves the strategy We wait for Macd indicator to form a divergence between histogram and price If we have a bullish divergence, and 15 minutes ema is above 1H ema, we wait for macd line to cross above signal line and we open a long position If we have a bearish divergence, and 15 minutes ema is below 1H ema, we wait for macd line to cross below signal line and we open a short position We close both position after a cross in the oposite direction of macd line and signal line Also we can configure a Take profit parameter and a trailing stop loss
Pine Script™ strategy
by Trading_Solutions_
10
On-Balance Volume Oscillator with Divergence and PivotsThis is On-Balance Volume recalculated to be an Oscillator, a Divergence hunter was added, also Pivot Points and Alerts. On-Balance Volume, or OBV is considered a "leading indicator" - in contrast to a "lagging indicator" just as Moving Averages it does not show a confirmation what already happened, but it shows what can happen in the future. For example: The chart is climbing while the OBV oscillator is slowly declining, gets weaker and weaker, maybe even prints bearish divergences? That means that a reversal might be occurring soon. Leading indicators are best paired with Stop and Resistance Lines, general Trendlines, Fib Retracements etc...Your chart is approaching a very important Resistance Trendline but the OBV shows a very positive signal? That means there is a high probability that the Resistance is going to be pushed though and becomes Support in the future. What are those circles? -These are Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish. What are those triangles? - These are Pivots. They show when the OBV oscillator might reverse, this is important to know because many times the price action follows this move. Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
Pine Script™ indicator
by AdonisWerther
32
+ WaveTrend OscillatorI'm guessing most of you are familir with LazyBear's adaptation of the Wavetrend Oscillator; it's one of the most popular indicators on TradingView. I know others have done adaptations of it, but I thought I might as well, because that's kind of a thing I like doing. In this version I've added a second Wavetrend plot. This is a thing I like to do. The longer plot gives you a longer timeframe momentum bias, and the shorter plot gives you entries and/or exits. Here we have one plot with a lookback period of 55, and another with the default set to 6 (change this to 14 if you think you might prefer something slower and that will plot similarly to the default RSI settings). With the traditional Wavetrend Oscillator there is a simple moving average on the WTO that is to help provide entries and exits. I've done away with this as there are already two plots, and I felt more would just clutter the indicator. Instead of plotting the SMA I've plotted the crosses along the bottom and top of the indicator. Also, as is not the case in LazyBear's version, this SMA length is adjustable. By default it is set to 3, which is the default setting on the original indicator. I've also plotted background colors for when there is what I call a momentum shift. If one or the other oscillators crosses the centerline a colored bar is plotted. By default it is turned on for both WTOs, though in practice you might only want it on for the longer one. I would say use of the indicator is similar to the original WTO or many other oscillators. Buying oversold and selling overbought, but being mindful of the momentum of the market. If the longer WTO is above the centerline it's best to be looking for dips to the centerline, or for an overbought signal by the faster WTO, and vice versa if the longer WTO is below the centerline. That said, you can also adjust the length of the SMA on the faster WTO to fine tune entries or exits, which is kind of how you would trade LazyBear's version. In this case you have that additional confirmation of market momentum. You can set colored candles to either of the WTO plots via a dropdown menu. There are alerts for overbought and oversold situations, centerline crosses, and Wavetrend crosses. That's about it. Hope you enjoy this particular implementation of LazyBear's well known indicator. Ah yes, last thing: Original version the source is set to hlc3. I've given you the opportunity to change that, so if you prefer using close you can, or whatever you want.
Pine Script™ indicator
by ClassicScott
21
Volume price action and reaction index V1.0 (VPARI V1.0)Volume indicator adjusted according to price movement. It is used to confirm entry into trades , Each candle represents a measure of the strength of the change in volume with the price calculated by more than one mathematical equation. the best way to use : Divergence, either positive or negative It is used with Crypto currencies and stocks, not suitable for use with commodities . The example is shown in the attached chart . If you like it, don't forget to comment your experience using it.
Pine Script™ indicator
by AbdullahAhmedEgypt
8
Wolfpack Id with DivergenceThis indicator simply identifies if the markets are in an up or down trend. You should always use it in combination with other indicators, just as Wavetrends. This indicator is mostly known because of Market Cipher. The script that was published under the name Wolfpack Id is for some reason closed source, but as it turns out there is of course no secret sauce involved, the original indicator goes way back and the thing that was then called Wolfpack Indicator is simply a MACD Signal Line with 3,8 settings. I added a simple divergence hunter for some extra Informations that might help, brought it up to contemporary pinescript standards, added Alerts and made the whole script open source, as it should be and as the original script also once was. Have fun!
Pine Script™ indicator
by AdonisWerther
8
+ JMA KDJ with RSI OB/OS SignalsSo, what is the KDJ indicator? If you're familiar with the Stochastic, then you'll know that the two oscillating lines are called the 'K' and 'D' lines. Now you know that this is some sort of implementation of the Stochastic. But, then, what is the J? The 'J' is simply the measure of convergence/divergence of the 'K' and 'D' lines, and the 'J' crossing the 'K' and 'D' lines is representational of the 'K' and 'D' lines themselves crossing. Is this an improvement over simply using the Stochastic as it is? Beats me. I don't use the Stochastic. I stumbled upon the KDJ while surfing around the web, and it sounded cool, so I thought I'd look at it. I do like it a bit more as the 'J' line being far overextended from the other two (usually into overbought/sold territory) does give a clear visual representation of the divergence of the 'K' and 'D' lines, which you might not notice otherwise. So, from that perspective I suppose it is nicer. But let's get to the good stuff now, shall we? What did I do here? Well, first thing you're wondering is why there are only two lines when based on my explanation (or your previous experience with the indicator) there should be three. I found this script here on TV, by x4random, who took the 'K' and 'D' lines and made an average of them, so there is only one line instead of the two. So, fewer lines on the indicator, but still the same usefulness. It was in older TV code, so I took it to version4 and cleaned up the code slightly. His indicator included the RSI ob/os plots, and I thought this was neat (even though the RSI being os/ob doesn't tell you much except that the trend is strong, and you should be buying pullback or selling rallies) so I kept them in. His indicator was also the most visually appealing one that I saw on here, so that attracted me too. Credit to x4random for the indicator, though. Aside from code cleanup and adding the usual bells and whistles (which I will get to) the big thing I did here was change is RMA that he was using for the 'K' and 'D' lines to a Jurik MA's, which smooth a lot of the noise of other moving averages while maintaining responsiveness. This eliminates noise (false signals) while keeping the signals of significance. It took me a while to figure out how to substitute the JMA for the RMA, but thanks to QuantTherapy's "Jurik PPO" indicator I was able to nail down the implementation. One thing you might notice is that there is no input to change signal length. I fiddled with this for a time before sticking to using the period, instead of the signal (thus eliminating the use of the signal input altogether), length to generate the 'K' and 'D' calculations. To make any adjustments other than the period length use the Jurik Power input. You can use the phase input as well, but it has much less of an effect. Everything else I changed is pretty much cosmetic. Candle coloring with the option to color candles based on either the 'J' line or the 'KD' line. color.from_gradients with color inputs to make it beautiful (this is probably my best looking indicator, imo) plots for when crosses occur (really wish there was a way to plot these over candlesticks! If anyone has any suggestions I'd love to see!) I think that's about it. Alerts of course. Enjoy! Below is a comparison chart of my JMA implementation to the original RMA script. You can see how much smoother the JMA version is. Both of these had the default period of 55 set, and the JMA version is using the default settings, while the original version is using a length of 3 for the signal line.
Pine Script™ indicator
by ClassicScott
13
RSI Divergency and Golden RatioHow to calculate: Positive mismatch finds the lowest trough within the distance you choose. It then compares it to the current closing value. If the past low is above the current closing level, it means that the bottoms of the price are descending. The RSI level at the furthest bottom of the price is detected. And the current RSI level is detected. If the current RSI level is higher than the previous RSI level, there is a positive divergence. When a positive divergence occurs, a green pole forms above the RSI indicator on the chart. Negative finds the highest peak level within the distance you choose. It then compares it to the current closing value. If the past high is below the current close, it means that the highs of the price are rising. The RSI level at the furthest high of the price is detected. And the current RSI level is detected. If the current RSI level is lower than the previous RSI level, there is negative divergence. When a negative divergence occurs, a red pole forms above the RSI indicator on the chart. As can be seen in the image, the points marked with red are the regions where incompatibility occurs. At the same time, the signals that occur when the RSI cuts its own moving average and the signals that occur when the RSI cuts its own golden ratio are also very strong signals. Waiting for your ideas and comments. I am open to criticism. We can improve.
Pine Script™ indicator
by only_fibonacci
12
[blackcat] L1 volume Oscillator IndicatorLevel: 1 Background Omega Research proposed volume oscillator indicator in June 2000. Function This is actually a volume-price indicator. With columns greater than zero line, which indicates a up trend. Otherwise, it is a down trend. Green columns indicate up trend pump; yellow columns indicate up trend retracements; red columns indicate down trend dump; blue columns indicate down trend re-bounce. Key Signal VolOsc --> volume osillator indicator. Remarks This is a Level 1 free and open source indicator. Feedbacks are appreciated.
Pine Script™ indicator
by blackcat1402
14
Trend Momentum with Buyers / Sellers PowerHi there! With this indicator, you can hunt big trends before they start. This indicator is combined with RSI and Momentum indicators It can show you the power of trend and which side it wants to go It can help you to open a position at the first point of a new trend or at the safe and proven point of the trend, also it can help you to close your position before the trend change its direction (it's not recommended to use it to close your positon, but sometimes it can help you to find the ending point of big pumps) Rules: * Baseline is ZERO ( 0 ) line * When gray line crossover red line, it shows us a powerful uptrend * When the gray line crossunder the red line it shows us a powerful upward trend Signals: * Only use Buy signals(Long) when they are above or crossing-up baseline * Only use Sell signals(Short) when they are under or crossing-down baseline * If they both (red and gray lines) are too high and they suddenly starting to come back to baseline, it shows we have a range trend, the trend is weak or a reversal trend is coming!! !! WARNING: DO NOT USE THIS INDICATOR ALONE !! Suggestions : -Use 1H, 4H, daily, or Weekly timeframes -Use ADX and DI or three WMA's -Use divergence -You can use it for scalping but you need to change the inputs (not recommended) If you have any idea about making new indicators(what information do you want from the chart?), comment please, then I can research and make it for all of us! =)
Pine Script™ indicator
by Crypto_Checkup
5
Stochastic Weighted RSI w/ Divergence + Signals🐢 Tawtis' Stochastic Weighted Relative Strength Index , aka SWRSI This indicator combines the Stochastic RSI and the classic RSI we all know and love to create a more effective indication of seller/buyer dominance, and in turn, trend. I have named it the "Stochastic Weighted RSI". The script also includes a standard RSI, so you can use both at the same time! Loads of customisation, pretty much every input can be changed to fit your preferences, however, the default settings are what I would personally recommend for the best results. Either way, feel free to change them! By looking at the indicator, you can also establish the trend that may follow in the candles to come. Typically, an indicator reading of over 70 is considered overbought, and an indicator reading of under 30 is considered oversold. The calculations for the SWRSI and its signals take into account a multitude of exponential moving averages, a Stochastic RSI and a classic RSI, among other things. There are 2 types of signals provided by the indicator, being strong and weak. You do not have to follow these, and they aren't always accurate (it's impossible to be accurate 100% of the time), however, they can give a good idea of the trend that will ensue. Strong buy signals are created when: SWRSI is under 30 SWRSI is over the EMA (default 2) of the SWRSI Short EMA (default 20) is under the long EMA (default 50) Strong sell signals are created when: SWRSI is over 70 SWRSI is under the EMA (default 2) of the SWRSI Short EMA (default 20) is over the long EMA (default 50) Weak buy and sell signals are printed as green and red background highlights, and operate the same as the strong buy and sells, without the short/long EMA criterion. Both of these signal types can be toggled off using the settings if you do not want to see them. Enjoy!
Pine Script™ indicator
by tawtis
3GBH - MoneyMeter (Stablecoins RSI)This indicator tracks the Market Caps of - USDT - USDC - DAI The data is presented on the RSI. The intent of this indicator is to help determine whether money is flowing into the market or not. If the major stablecoins are green, money is entering the market. The opposite applies, if red, money is leaving the market. This is another tool which may provide help to build confluence in your trading or analysis. ----- Default length is set to 168 to see the momentum of the past 7 days on the 1-hour timeframe.
Pine Script™ indicator
by Clancy3gbh
1
RSI Signals by HBRELATIVE STRENGTH INDEX (RSI) This is a tool that is widely used Especially for Overbought and Oversold systems, but I have made some changes in this indicator, How to use it...! I have set it as the default setting - RSI Length: 7 - Overbought: 70 - Oversold: 30 What is unique about this tool? we can see 3 conditions: 1) RSI Overbought / Oversold with Bullish Engulfing / Bearish Engulfing 2) RSI Overbought / Oversold with Hammer and Shooting Star 3) RSI Overbought / Oversold with 2 Bullish Bars / 2 Bearish Bars 4) RSI Overbought / Oversold with All Patterns at the same time When the RSI reaches its Oversold line, the code will wait for Bullish Engulfing pattren , when oversold and Bullish engulfing matched, This indicator will generate a buy signal when the condition is met, and same as for Bear market, When the RSI reaches its Overbought line, the code will wait for Bearish Engulfing pattren , This indicator will generate a sell/exit signal when the condition is met, 2nd condition is that a Hammer candle will be waited for when RSI touches the Overbought line, for Bullish Move and Shooting Star candle will be waited for when RSI touches the Overbought line, for Bullish Move, for Bearish Move 3rd Condition is also the same as Condition 1 and Condition 2, When the RSI reaches its Oversold line, the code will wait for 2 Bullish Bars , when oversold and 2 Bullish Bars matched then this indicator will generate a buy signal, and same as for Bear market, When the RSI reaches its Overbought line, the code will wait for 2 Bearish Bars , when overbought and 2 Bearish Bars matched then this indicator will generate a Sell signal, 4th Condition is that we can use All Conditions at the same time, - Bullish Engulfing / Bearish Engulfing - Hammer and Shooting Star - 2 Bullish Bars / 2 Bearish Bars
Pine Script™ indicator
by HamidBox
40
Tipsy EMA Tipsy EMA v0.2a Coded by vaidab. A simple strategy to buy dips in an uptrend. How to use: - buy on trend when price retraces to the orange "buy" line and compound orders - sell when price reaches red line (stop loss) or at 💰 (take profit) Note that you can reverse trade on the 💰 sign for a short scalp / day trade. Uptrend: green/red background. Danger zone: orange bg. No go zone: no bg. Potential buys (in a clear trend): 55, 100, 200 EMA touches and fibo retracements to .382 and .618. Potential stop loss: when price breaks the 200 EMA (marked by a red line). Exit signs: opposite trend divergences (RSI). Take profit: EMA 55 crossing down EMA 100. Use it in confluence with market structure. E.g. If 200 EMA ligns up with past market structure, if there are whole numbers or if there's a monthly level. Tested BTCUSDT D, 4H
Pine Script™ indicator
by vaidab
2
MashumeHullTV█ OVERVIEW This plots the Hull Moving Average Turning Points and Concavity with the addition of colored segments representing concavity and turning points: maxima, minima and inflection. a fast way to determine the trend direction and possible reversals based on concavity of the trend Dark Green: Concave Up but HMA decreasing. The 'mood' has changed and the declining trend of the HMA is slowing. Possible trend change to Uptrend soon Light Green: Concave up and HMA increasing. Price is increasing, and since the curve is still concave up, it is accelerating upward. Uptrend Orange: Concavity is now downward, and though price is still increasing, the rate has slowed, perhaps the mood has become less enthusiastic. Possible trend change to Downtrend soon Red: Concave down and HMA decreasing. Downtrend Buy signals generated when Hull turns from Dark Green -> Light Green Sell signals generated when Hull turns from Orange -> Red To best determine if this is a entry point or a trend reversal, it is recommended to use in conjunction with the QQEMoMoTV indicator █ FEATURES Calculations Calculates the concavity of the Hull Moving Average comparing the Hull concavity of the current bar to the previous bar and displays the concavity in the form of 4 different colors. Note: may cause repainting, so recommended to use with another indicator such as the QQEMoMoTV indicator to confirm signals. Calculates divergence between the calculated HMA and the actual price and displays this in the Divergence Label. Calculates the local minima, maxima and inflection points with the ability to display these as auto support/resistance lines. Inputs You can use the script's inputs to configure:  • Calculation Source (default HL2)  • HMA Length (default 21)  • Lookback (default 2)  • Whether to show Auto Support/Resist Lines  • Whether to show Buy/Sell Arrows  • Whether to show Divergence Label  • Whether to extend Local Auto Support/Resist Lines Alerts Buy Signal alert based on HMA crossing above MA_Min/Hull Support, when Hull turns from Dark Green -> Light Green, Bullish Sell Signal alert based on HMA crossing below MA_Max/Hull Resistance, when Hull turns from Orange -> Red, Bearish Experimental support for applying the indicator to higher time frames eg. charting the hourly MashumeHull indicator on 15 min chart. See the commented code to access this feature █ CREDITS Original Author: Seth Urion (Mashume) Feature upgrades and usage: Xiuying Converted to Tradingview by: Machdragon
Pine Script™ indicator
by machdragon
26
+ Detrended Price OscillatorAccording to TradingView the Detrended Price Oscillator is an oscillator that removes trend from price in order to more clearly show an instrument's cyclical highs and lows so that an investor or trader may more easily time when to buy or sell the underlying instrument. Accordingly, it is not meant to be used as a way of gauging momentum, however, I find it perfectly suitable for the task (at least when used "un-centered" which is how it comes by default here). If you wish to read up more on the DPO just search for it under indicators. It's built in, so you'll find all the information you need on it there. Or check investopedia. On to the good stuff. What have I done and how does this work? As un-centered you can use it just like any other momentum oscillator. Price above the zero line is bullish and below is bearish, generally speaking. I've added two moving averages that you can turn on or off, and choose amongst various types and lengths. Both of these are colored based on trend. The DPO is also colored based on trend, with a neutral color based on where the DPO is relative to the primary MA and the zero line. Candles are colored in the same way that the DPO is. I've added Bollinger Bands because they could be useful on an indicator like this. All the alert conditions you could dream of. With this set to centered you will notice that the DPO is not inline with current price. That is intentional, as it's only designed to look at historical price data to time highs and lows of price movement. As such, I don't recommend using this when set to centered, at least if you're trading crypto. The price volatility perhaps makes for inconsistent timing of cyclical highs and lows, or perhaps it's the rather brief amount of time cryptocurrencies have been in existence. I do not know. Just stick to using it un-centered. The above image shows the indicator with Bollinger Bands turned on and the MA's turned off. Also, you should note that the candle color and DPO color is based on the primary moving average you are using. If you want consistency, and want to use the Bollinger Bands, then keep your primary moving average set as a 20 SMA, as that is the basis for Bollinger Bands. Hope this is helpful to you. Definitely pair it with an additional indicator like an RSI, or my +ADP. I like to use something rangebound to compare its signals to.
Pine Script™ indicator
by ClassicScott
18
Volume per PointHello everyone <3 I present to you guys my new indicator Volume per Point (VP) As suggested by the title, this script gives you the volume for every point. Here's a run down on specific features: SUBCHART COLUMNS: The columns can be the following four colors: Green - There was an increase in VP Red - There was a decrease in VP Yellow - There was divergence between volume and candle range Purple - There are signs of exhaustion compared to the previous candlestick SUBCHART HISTOGRAM: The histogram can be the following two colors: Lime - Buying volume Red - Selling volume I left you guys the ability to change the multiplier on the volume in settings just incase it's too small or too big compared to the VP. Decimals are allowed! CANDLESTICK CHART: The candlesticks can the following two colors: Yellow - There was a divergence between volume and candle range Purple - There are signs of exhaustion compared to the previous candlestick FILTERS In the settings, you're able to add the following two filters: RSI Filters - RSI must be below or above the specified value for the divergence or exhaustion to trigger Percent Filters - The candlestick range or volume must be higher or lower than the specified value depending whether it's divergence or exhaustion. This is a very helpful tool if you're interesting in reading volume. It also facilitates finding market maker activity depending on the size of the VP. Sudden abnormal spikes in VP usually do signal something and that's up for you to figure out :) Thank you for your time to read this ~July <3
Pine Script™ indicator
by JulyVibes
40