💸 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.
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Divergence
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.
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 -
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.
Cuban's LTF Trend OscillatorMost financial markets tend to trade within a reasonable range between 60-75% of the time (don't ask for a reference because I couldn't find it), so swing trading with a trend isn't always viable -- so how do we take money out of the market?
If you're familiar with scalping low time frames for 20 or 30 ticks, you'll know how difficult it is to time your entry and exit during low volatility environments.
The following oscillator has been solely built to assist the manual discretionary trader in their LTF scalps.
The oscillator uses a combination of different price to VWAP relationship, divergence, and momentum logic to define preferable entries.
This script attempts to identify three different entries characteristics on low timeframes:
1. Counter-trend reversals
2. On-trend pullbacks
3. and, short term directional pivots
The oscillator has red, green, and white triangles above the centre fill. These triangles relate to the low time frame RSI divergence and pivots.
In combination with these divergences and pivots, I've added a measure of conviction, identified by the light red, dark red, light green, and dark green rectangles on the outer-most edges of the oscillator.
The dark red and dark green flavours are the highest conviction trades. When you marry these sentiment identifiers with divergences, you have a very high conviction trade.
The fill in the middle of the oscillator is the current trend sentiment. Dark red and dark green is favourable to the respective trend, with the light red and light green being areas where I recommend taking profit or considering an exit.
The green and red coloured moving average in the centre is the slower trend. I have included this to give some context to preferable position adds and closes. Trading with the trend is always advisable. When you have an obvious trend, this oscillator can give you excellent entries to play that continuation.
Warm regards,
Cubantobacco
MFI LizardMFI with auto identification of divergence, multi timeframe support and centre line.
Work In Progress
RatTrend Multiple RSI Divergence MA Cross OscillatorThis Indicator based on RSI Divergence with Overbought and oversold signals.
All tops and bottoms calculated with Moving Average Crosses and combines with RSI signals.
Best working Timeframe is H4 on current settings, you can modify values to find best for you.
Current settings best for BTC trading.
At the beginning it can confuse you to understand but you will understand signal patterns.
Have fun.
Regularized Volume Zone Oscillator FSVZORegularized VZO
Vanilla in link below
White noise and 1 confirm auto divs included
Double Stochastic DivergenceSame as my protected script but you can now see the code
This Study plots divergences and overlays a second %K as a fractal and changes the color of %D for the non fractal
Option to use Stochastic RSI for Fractal
Background Shading according to trend
Feel Free to change the indicator values to suit your style / system
The divergence script is thanks to @RicardoSantos, I've just adjusted it to suite my indicator
Remember that divergences work best when traded with the trend or very late in a trend when going against the trend
Common value for %K is 5, I have chosen 3 as it gives faster entries when using multiple time frames
If you are not using a momentum indicator as a trailing stop and using only cycle indicator
then I would recommended %K be 4 for exits
Multi Divergence Overlay +This Indicator overlays Divergences lines and labels on the chart from multiple sources including RSI, RSI Signal Line and 2 Stochastics and more
The Colors and Labels match my other Divergence Indicators
The divergence script is thanks to @RicardoSantos, I've just adjusted it to suite my indicator
Remember that divergences work best when traded with the trend or very late in a trend when going against the trend
The + Part of this indicator is that it now plots
Exhaustion pivots
&
Bob Rooker - Reversal Tabs and Knoxville Divergences
DepthHouse - Peak DivergenceDepthHouse - Peak Divergence indicator uses the same linear regression calculation as my Peak Momentum Oscillator to help determine and plot peak momentum points.
These peak levels are then plotted by either red or green lines above or below the candle.
Red lines represent a peak in bear momentum while green represents peaks in bull momentum.
These levels are then used to determine momentum divergence in the displayed market.
If divergence is present the bars colors will change represent either bull or bear div.
Important Notes:
If the price crosses a peak line and the bar color does not change; it means momentum has increased/decreased with the price and the divergence has been canceled.
If divergence is present, and then the following candle is not colored then momentum has increased to cancel the previously present divergence.
By default, the look-back period is set to zero , which automatically calculates the distance for the peak levels to look-back. However this number can be set to whatever look-back period you would like.
At time of release this indicator is in its early stages. So please leave feedback on how it can be improved!
Knoxville DivergenceOverlays Knoxville Divergence on your Chart
These don't occur very often but when they do they are best used in conjunction with Rob Booker Reversal Tabs
Sizing GuideThis indicator helps you defining your max sizing, depending on the max $$$ amount you're willing to risk against a specific exponential moving average (or VWAP, default is the 13ema).
You can define your max risk amount and your max allowed sizing. The indicator would suggest the best sizing in order to risk only up to the amount you are comfortable with on a potential trade.
Moreover, the column bar would turn yellow/red if the divergence is above a certain threshold (default are yellow > 1.50% and red > 2.75%, green otherwise).
Fib Divergence SystemCombo of many useful indicators which includes fib lines, time and money channels and divergence buy sell signals
Credits for source code:
Scarf, Lazybear, 100kiwi
Momentum Oscillator Momentum Oscillator
Concept for this leading indicator presented in IFTA by By M.Fawzy.
9 Seasons Rainbow Multi TimeFrames Pattern Standard-A [9SRSAEN]The indicator discovers profitable patterns by associating Price Season of multiple timeframes.
Full Name: 9 Seasons Rainbow - Multiple TimeFrames Associated Price Wave Pattern Indicator
Version: Invite-Only STANDARD-A
This is a sibling version OF “9 Seasons Rainbow Multi TimeFrames Pattern Standard ” with some functions for developing needs, without update notice function.
Language: English
Copyright: 2019
---------- How to use the indicator ----------
Go through the manual and related ideas underneath or follow the tutorials list. Look through the profitable patterns and related cases, wait for or set alert for specific profitable pattern.
---------- Definition: 9 Seasons ----------
A life cycle of Price Wave is divided into 9 Seasons. Each time frame, from 5 minute to 1 month, has 9 seasons, Independent of each other:
Bull (Green)
Bull Pullback (Light Green): a pullback or retracement
Resistance / Overbought (Yellow): a resistance area , may become a Top, or be broken through.
Crazy Bought (Lime): Price is going up in a high volatility , could be a valid breakout, or a Bull Trap.
Neutral (White): a wandering season without direction, evolves into Bull or Bear
Bear (Red)
Bear Bounce (Light Red): Price bounces
Support / Oversold (Blue): a support area , may become a Bottom, or be broken through.
Crazy Sold (Fuchsia): Price is going down in a high volatility , could be a valid breakdown, or a Bear Trap.
---------- Some important evolution between seasons ----------
Resistance / Overbought (Yellow) -> Crazy Bought (Lime):
Bull is breaking through a resistance.
Crazy Bought (Lime) -> Resistance / Overbought (Yellow):
This normally indicates a failed breakout, Price goes back to the resistance.
Crazy Bought (Lime) -> Bull Pullback (Light Green):
This normally indicates Price has risen to a new level
Support / Oversold (Blue) -> Crazy Sold (Fuchsia):
Bear is breaking through a support.
Crazy Sold (Fuchsia) -> Support / Oversold (Blue):
This normally indicates a failed breakdown, Price recovers to the support.
Crazy Sold (Fuchsia) -> Bear Bounce (Light Red):
This normally indicates price has dropped to a new level
---------- Rainbow Ribbons for Multiple TimeFrames ----------
Each ribbon of a rainbow represents a time frame.
The uppermost ribbon represents the shortest-term time frame - current time period of the chart, which is the time frame for trading.
The lowermost ribbon represent longest-term time frame, which work as environment, together with the other medium-term and long-term time frames.
The difference between two frames is 1.4142 fold (square root of 2), if level 1 is 15 minute, level 2 is 15 minute * (square root of 2) .
Examples of time frames in a rainbow:
For STANDARD in 15M: 15M - 21M - 30M - 42M - 60M(1H) - 85M - 120M(2H) - 170M
For PRO in 15M: 15M - 21M - 30M - 42M - 60M(1H) - 85M - 120M(2H) - 170M - 240M(4H) - 339M - 480M(8H) - 679M
---------- Trading Methods ----------
How to open a Long position?
When a profitable Long pattern appears, open small position first based on signal on shortest-term time frame; after retesting and confirming the support, open 2nd position; when it breaks through the resistance, pullbacks and confirms the breakout, open 3rd position.
How to exit a Long position?
Lift the Stop to a confirmed higher low, so that to take advantages of the bull run as possible.
How to open a Short position?
When a profitable Short pattern appears, open small position first based on signal on shortest-term time frame; after retesting and confirming the resistance, open 2nd position; when it breaks through the support, bounces and confirms the breakdown, add 3rd position.
How to exit a Short position?
Lower the Stop to a confirmed lower high, so that to take advantages of the bear run as possible.
---------- Versions Description ----------
The author reserves the right to change the features without advance notice.
PRO:
Invite-Only, with the following advanced features:
12 Ribbons Rainbow displays 9 Seasons of 12 time frames on a chart.
Advanced alert sets allows set alerts on short-term, medium-term, and long-term time frames.
Capability to input different trading instrument to compare with the current ticker.
Full time periods access allows apply it to broadest time periods, from 1 minute to 1 week (if history data is enough)
More new features in updates.
STANDARD:
Invite-Only, with the following advanced features:
8 Ribbons Rainbow displays 9 Seasons of 8 time frames on a chart.
Advanced alert sets allows set alerts on upper and lower frames.
Broad time periods access allows apply it to the most popular time periods, from 15 minute to 1 week (if history data is enough)
More new features in updates.
DEMO:
DEMO version is for trial purpose, having most of the features.
It is applicable to a list of trading instruments and specific time periods (1 hour to 1 day), which may change later without advance notice.
---------- Access to Indicators ----------
Please use DEMO version for Trial
Asking access to Invite-Only PRO and STANDARD versions:
9seasonsrainbowindicator.blogspot.com
Or contact the author.
---------- Install Invite Only: STANDARD & PRO Version----------
Ask access to STANDARD or PRO version
Open the chart -> Indicators (On the Top) -> Invite-Only Scripts (2nd button of the left bar)
Like/Favorite the indicator
Click to install on the chart
---------- About Loading Time ----------
It may take up to 2 minutes for your browser to load a new setting, depending on the your computer and network speed.
---------- List of the author's Indicators ----------
www.tradingview.com
---------- Disclaimer ----------
By using or requesting access to the indicator, you acknowledge that you have read and accepted that the indicator and any related content, including but not limited to: user manual, tutorials, ideas, videos, chats, emails, blog, are for the purpose of trading strategies studying and paper trading.
If a customer or user uses the indicator or related content mentioned above for live trading or investment, she/he should take all risks and be responsible for her/his own trading and investment activities.
---------- Updates ----------
The latest updates override the previous description.
To activate a update: Close the browser, Reopen the chart and apply the indicator.
Divergence Ribbon (10 indicators)One of the most important signals for trend reversal is divergence.
This script finds divergences for 10 indicators and draws ribbon. So you can see which indicator has divergence. Red columns are negatif and lime columns are positive divergences. Divergences are searched from MinLength to MaxLength back, and you can change them as you wish.
Currently script checks divergence for RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, Diosc, VWMACD and CMF indicators.
If you find this script useful, please consider a donation
BTC: 16XRqyS3Vgh1knAU1tCcruqhUrVm4QWWmR
9 Seasons Rainbow Multiple Time Frames Pattern PRO [9SPEN]The indicator discovers profitable patterns by associating Price Season of multiple time frames.
Full Name: 9 Seasons Rainbow - Multiple Time Frames Associated Price Wave Pattern Indicator
This is redefined from “9 Seasons Rainbow Indicator PRO”, with clearer definition of 9 Seasons and user manual.
Version: Invite-Only PRO
Language: English
Copyright: 2019
---------- How to use the indicator ----------
Go through the manual and related ideas underneath or follow the tutorials list. Look through the profitable patterns and related cases, wait for or set alert for specific profitable pattern.
---------- Definition: 9 Seasons ----------
A life cycle of Price Wave is divided into 9 Seasons. Each time frame, from 5 minute to 1 month, has 9 seasons, Independent of each other:
Bull (Green)
Bull Pullback (Light Green): a pullback or retracement
Resistance / Overbought (Yellow): a resistance area, may become a Top, or be broken through.
Crazy Bought (Lime): Price is going up in a high volatility, could be a valid breakout, or a Bull Trap.
Neutral (White): a wandering season without direction, evolves into Bull or Bear
Bear (Red)
Bear Bounce (Light Red): Price bounces
Support / Oversold (Blue): a support area, may become a Bottom, or be broken through.
Crazy Sold (Fuchsia): Price is going down in a high volatility, could be a valid breakdown, or a Bear Trap.
---------- Some important evolution between seasons ----------
Resistance / Overbought (Yellow) -> Crazy Bought (Lime):
Bull is breaking through a resistance.
Crazy Bought (Lime) -> Resistance / Overbought (Yellow):
This normally indicates a failed breakout, Price goes back to the resistance.
Crazy Bought (Lime) -> Bull Pullback (Light Green):
This normally indicates Price has risen to a new level
Support / Oversold (Blue) -> Crazy Sold (Fuchsia):
Bear is breaking through a support.
Crazy Sold (Fuchsia) -> Support / Oversold (Blue):
This normally indicates a failed breakdown, Price recovers to the support.
Crazy Sold (Fuchsia) -> Bear Bounce (Light Red):
This normally indicates price has dropped to a new level
---------- Rainbow Ribbons for Multiple Time Frames ----------
Each ribbon of a rainbow represents a time frame.
The uppermost ribbon represents the shortest-term time frame - current time period of the chart, which is the time frame for trading.
The lowermost ribbon represent longest-term time frame, which work as environment, together with the other medium-term and long-term time frames.
The difference between two frames is 1.4142 fold (square root of 2), if level 1 is 15 minute, level 2 is 15 minute * (square root of 2) .
Examples of time frames in a rainbow:
For STANDARD in 15M: 15M - 21M - 30M - 42M - 60M(1H) - 85M - 120M(2H) - 170M
For PRO in 15M: 15M - 21M - 30M - 42M - 60M(1H) - 85M - 120M(2H) - 170M - 240M(4H) - 339M - 480M(8H) - 679M
---------- Trading Methods ----------
How to open a Long position?
When a profitable Long pattern appears, open small position first based on signal on shortest-term time frame; after retesting and confirming the support, open 2nd position; when it breaks through the resistance, pullbacks and confirms the breakout, open 3rd position.
How to exit a Long position?
Lift the Stop to a confirmed higher low, so that to take advantages of the bull run as possible.
How to open a Short position?
When a profitable Short pattern appears, open small position first based on signal on shortest-term time frame; after retesting and confirming the resistance, open 2nd position; when it breaks through the support, bounces and confirms the breakdown, add 3rd position.
How to exit a Short position?
Lower the Stop to a confirmed lower high, so that to take advantages of the bear run as possible.
---------- Versions Description ----------
The features may change later without advance notice.
PRO:
Invite-Only, with the following advanced features:
12 Ribbons Rainbow displays 9 Seasons of 12 time frames on a chart.
Advanced alert sets allows set alerts on short-term, medium-term, and long-term time frames.
Capability to input different trading instrument to compare with the current ticker.
Full time periods access allows apply it to broadest time periods, from 1 minute to 1 week (if history data is enough)
More new features in updates.
STANDARD:
Invite-Only, with the following advanced features:
8 Ribbons Rainbow displays 9 Seasons of 8 time frames on a chart.
Advanced alert sets allows set alerts on upper and lower frames.
Broad time periods access allows apply it to the most popular time periods, from 15 minute to 1 week (if history data is enough)
More new features in updates.
DEMO:
DEMO version is for trial purpose, having most of the features.
It is applicable to a list of trading instruments and specific time periods (1 hour to 1 day), which may change later without advance notice.
---------- Access to Indicators ----------
Please use DEMO version for Trial
Asking access to Invite-Only PRO and STANDARD versions:
9seasonsrainbowindicator.blogspot.com
Or contact the author.
---------- Install Invite Only: STANDARD & PRO Version----------
Ask access to STANDARD or PRO version
Open the chart -> Indicators (On the Top) -> Invite-Only Scripts (2nd button of the left bar)
Like/Favorite the indicator
Click to install on the chart
---------- About Loading Time ----------
It may take up to 2 minutes for your browser to load a new setting, depending on the your computer and network speed.
---------- List of the author's Indicators ----------
www.tradingview.com
---------- Disclaimer ----------
By using or requesting access to the indicator, you acknowledge that you have read and accepted that the indicator and any related content, including but not limited to: user manual, tutorials, ideas, videos, chats, emails, blog, are for the purpose of trading strategies studying and paper trading.
If a customer or user uses the indicator or related content mentioned above for live trading or investment, she/he should take all risks and be responsible for her/his own trading and investment activities.
---------- Updates ----------
The latest updates override the previous description.
To activate a update: Close the browser, Reopen the chart and apply the indicator.
Improved MACDImproved MACD with 12 filter to chose from including sine wave , zero lag, hull ,regression and similar . Designed for better and smoother signal generation and flexibility
