Mulakan

Cari dalam skrip untuk "Divergence"

Divergence Cheat Sheet'Divergence Cheat Sheet' helps in understanding what to look for when identifying divergences between price and an indicator. The strength of a divergence can be strong, medium, or weak. Divergences are always most effective when references prior peaks and on higher time frames. The most common indicators to identify divergences with are the Relative Strength Index (RSI) and the Moving average convergence divergence (MACD). Regular Bull Divergence: Indicates underlying strength. Bears are exhausted. Warning of a possible trend direction change from a downtrend to an uptrend. Hidden Bull Divergence: Indicates underlying strength. Good entry or re-entry. This occurs during retracements in an uptrend. Nice to see during the price retest of previous lows. “Buy the dips." Regular Bear Divergence: Indicates underlying weakness. The bulls are exhausted. Warning of a possible trend direction change from an uptrend to a downtrend. Hidden Bear Divergence: Indicates underlying weakness. Found during retracements in a downtrend. Nice to see during price retests of previous highs. “Sell the rallies.” Divergences can have different strengths. Strong Bull Divergence Price: Lower Low Indicator: Higher Low Medium Bull Divergence Price: Equal Low Indicator: Higher Low Weak Bull Divergence Price: Lower Low Indicator: Equal Low Hidden Bull Divergence Price: Higher Low Indicator: Higher Low Strong Bear Divergence Price: Higher High Indicator: Lower High Medium Bear Divergence Price: Equal High Indicator: Lower High Weak Bear Divergence Price: Higher High Indicator: Equal High Hidden Bull Divergence Price: Lower High Indicator: Higher High
Penunjuk Pine Script®
oleh TanHef
7
Divergence TemplateDivergence Template! This public indicator helps you to find as many divergences with as many indicators you like, without the long hassle of knowing and coding the divergence yourself. Just replace the "Divergence Condition" with your formula and give it a title in the second step, everything simply illustrated to someone without any coding experience! This example is calculating A/D Divergences. Let's make 2021 great! With help of @madoqa.
Penunjuk Pine Script®
oleh UnknownUnicorn5507594
5
Divergence Finder (RSI/Price) with OptionsDivergence finder used to find BUY or SELL Signal based on a divergence between Price and RSI (Price goes UP when RSI goes down / opposite ) You can configure the script with several Options : Source for Price Buy Div : you can use the close price of the candle (by default) or use the high price of the candle for exemple. Source for Price Sell Div : you can use the close price of the candle (by default) or use the low price of the candle for exemple. Source for RSI Div : you can use the close price of the candle (by default) to calculate the RSI . Theses settings allow you to set a minimum RSI level to reach to activate the Divergence finder (p1 is the first point in time, and p2 is the second one): Min RSI for Sell divergence(p1) : this is the minimum RSI level to reach for the first of the 2 points of divergence (Default 70) for the SELL Signal Min RSI for Sell divergence (p2) : this is the minimum RSI level to reach for the second of the 2 points of divergence (Default 60) for the SELL Signal Max RSI for Buy divergence (p1) : this is the minimum RSI level to reach for the first of the 2 points of divergence (Default 30) for the BUY Signal Max RSI for Buy divergence (p2) : this is the minimum RSI level to reach for the second of the 2 points of divergence (Default 40 ) for the BUY Signal Theses settings allow you to set a minimum margin difference between our two points (p1 and p2) to validate the Divergence Min margin between price for displaying divergence (%) : Set a minimum margin (in % of the price) before the indicator validate this divergence Min margin between RSI for displaying divergence (%) : Set a minimum margin (in % of the RSI ) before the indicator validate this divergence Display Divergence label : Choose to display the price of the candle, and the RSI when a divergence is found Display tops/bottoms : Display where the tops and bottoms are calculated directly on the chart
Penunjuk Pine Script®
oleh genma01
3
DivergenceLibrary "Divergence" Calculates a divergence between 2 series bullish(_src, _low, depth) Calculates bullish divergence   Parameters:      _src : Main series      _low : Comparison series (`low` is used if no argument is supplied)      depth : Fractal Depth (`2` is used if no argument is supplied)   Returns: 2 boolean values for regular and hidden divergence bearish(_src, _high, depth) Calculates bearish divergence   Parameters:      _src : Main series      _high : Comparison series (`high` is used if no argument is supplied)      depth : Fractal Depth (`2` is used if no argument is supplied)   Returns: 2 boolean values for regular and hidden divergence I created this library to plug and play divergences in any code. You can create a divergence indicator from any series you like. Fractals are used to pinpoint the edge of the series. The higher the depth, the slower the divergence updates get. My Plain Stochastic Divergence uses the same calculation. Watch it in action.
Perpustakaan Pine Script®
oleh DevLucem
9
Divergence IQ [TradingIQ]Hello Traders! Introducing "Divergence IQ" Divergence IQ lets traders identify divergences between price action and almost ANY TradingView technical indicator. This tool is designed to help you spot potential trend reversals and continuation patterns with a range of configurable features. Features Divergence Detection Detects both regular and hidden divergences for bullish and bearish setups by comparing price movements with changes in the indicator. Offers two detection methods: one based on classic pivot point analysis and another that provides immediate divergence signals. Option to use closing prices for divergence detection, allowing you to choose the data that best fits your strategy. Normalization Options: Includes multiple normalization techniques such as robust scaling, rolling Z-score, rolling min-max, or no normalization at all. Adjustable normalization window lets you customize the indicator to suit various market conditions. Option to display the normalized indicator on the chart for clearer visual comparison. Allows traders to take indicators that aren't oscillators, and convert them into an oscillator - allowing for better divergence detection. Simulated Trade Management: Integrates simulated trade entries and exits based on divergence signals to demonstrate potential trading outcomes. Customizable exit strategies with options for ATR-based or percentage-based stop loss and profit target settings. Automatically calculates key trade metrics such as profit percentage, win rate, profit factor, and total trade count. Visual Enhancements and On-Chart Displays: Color-coded signals differentiate between bullish, bearish, hidden bullish, and hidden bearish divergence setups. On-chart labels, lines, and gradient flow visualizations clearly mark divergence signals, entry points, and exit levels. Configurable settings let you choose whether to display divergence signals on the price chart or in a separate pane. Performance Metrics Table: A performance table dynamically displays important statistics like profit, win rate, profit factor, and number of trades. This feature offers an at-a-glance assessment of how the divergence-based strategy is performing. The image above shows Divergence IQ successfully identifying and trading a bullish divergence between an indicator and price action! The image above shows Divergence IQ successfully identifying and trading a bearish divergence between an indicator and price action! The image above shows Divergence IQ successfully identifying and trading a hidden bullish divergence between an indicator and price action! The image above shows Divergence IQ successfully identifying and trading a hidden bearish divergence between an indicator and price action! The performance table is designed to provide a clear summary of simulated trade results based on divergence setups. You can easily review key metrics to assess the strategy’s effectiveness over different time periods. Customization and Adaptability Divergence IQ offers a wide range of configurable settings to tailor the indicator to your personal trading approach. You can adjust the lookback and lookahead periods for pivot detection, select your preferred method for normalization, and modify trade exit parameters to manage risk according to your strategy. The tool’s clear visual elements and comprehensive performance metrics make it a useful addition to your technical analysis toolbox. The image above shows Divergence IQ identifying divergences between price action and OBV with no normalization technique applied. While traders can look for divergences between OBV and price, OBV doesn't naturally behave like an oscillator, with no definable upper and lower threshold, OBV can infinitely increase or decrease. With Divergence IQ's ability to normalize any indicator, traders can normalize non-oscillator technical indicators such as OBV, CVD, MACD, or even a moving average. In the image above, the "Robust Scaling" normalization technique is selected. Consequently, the output of OBV has changed and is now behaving similar to an oscillator-like technical indicator. This makes spotting divergences between the indicator and price easier and more appropriate. The three normalization techniques included will change the indicator's final output to be more compatible with divergence detection. This feature can be used with almost any technical indicator. Stop Type Traders can select between ATR based profit targets and stop losses, or percentage based profit targets and stop losses. The image above shows options for the feature. Divergence Detection Method A natural pitfall of divergence trading is that it generally takes several bars to "confirm" a divergence. This makes trading the divergence complicated, because the entry at time of the divergence might look great; however, the divergence wasn't actually signaled until several bars later. To circumvent this issue, Divergence IQ offers two divergence detection mechanisms. Pivot Detection Pivot detection mode is the same as almost every divergence indicator on TradingView. The Pivots High Low indicator is used to detect market/indicator highs and lows and, consequently, divergences. This method generally finds the "best looking" divergences, but will always take additional time to confirm the divergence. Immediate Detection Immediate detection mode attempts to reduce lag between the divergence and its confirmation to as little as possible while avoiding repainting. Immediate detection mode still uses the Pivots Detection model to find the first high/low of a divergence. However, the most recent high/low does not utilize the Pivot Detection model, and instead immediately looks for a divergence between price and an indicator. Immediate Detection Mode will always signal a divergence one bar after it's occurred, and traders can set alerts in this mode to be alerted as soon as the divergence occurs. TradingView Backtester Integration Divergence IQ is fully compatible with the TradingView backtester! Divergence IQ isn’t designed to be a “profitable strategy” for users to trade. Instead, the intention of including the backtester is to let users backtest divergence-based trading strategies between the asset on their chart and almost any technical indicator, and to see if divergences have any predictive utility in that market. So while the backtester is available in Divergence IQ, it’s for users to personally figure out if they should consider a divergence an actionable insight, and not a solicitation that Divergence IQ is a profitable trading strategy. Divergence IQ should be thought of as a Divergence backtesting toolkit, not a full-feature trading strategy. Strategy Properties Used For Backtest Initial Capital: $1000 - a realistic amount of starting capital that will resonate with many traders Amount Per Trade: 5% of equity - a realistic amount of capital to invest relative to portfolio size Commission: 0.02% - a conservative amount of commission to pay for trade that is standard in crypto trading, and very high for other markets. Slippage: 1 tick - appropriate for liquid markets, but must be increased in markets with low activity. Once more, the backtester is meant for traders to personally figure out if divergences are actionable trading signals on the market they wish to trade with the indicator they wish to use. And that's all! If you have any cool features you think can benefit Divergence IQ - please feel free to share them! Thank you so much TradingView community!
Strategi Pine Script®
oleh Trading-IQ
1
Divergence for Many Panel (D4MP+)Divergence for Many Panel (D4MP+) This Divergence for Many Panel indicator is built upon the realtme divergence drawing code originally authored by LonesomeTheBlue, now in the form of a panel indicator. The available oscillators, hand picked for their ability to identify high quality divergences currently include: - Ultimate Oscillator (UO) - True Strength Index (TSI) - Money Flow Index (MFI) - Relative Strength Index (RSI) - Stochastic RSI - Time Segmented Volume (TSV) - Cumulative Delta Volume (CDV) Note : this list of available oscillators may be added to or altered at a later date. The indicator includes the following features: - Ability to select any of the above oscillators - Optional divergence lines drawn directly onto the oscillator in realtime . - Configurable alerts to notify you when divergences occur. - Configurable pivot lookback periods to fine tune the divergences drawn in order to suit different trading styles and timeframes, including the ability to enable automatic adjustment of pivot period per chart timeframe. - Background colouring option to indicate when the selected oscillator has crossed above or 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. - Oscillator name label, so you can clearly see which oscillator is selected, in the case you have multiple loaded onto a chart. - Optional adjustable range bands. - Automatic adjustment of line colours, centerlines and range band levels on a per oscillator basis by default. - Ability to customise the colours of each of the oscillators. What is the Ultimate Oscillator ( UO )? “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.” What is the True Strength Index ( TSI )? "The true strength index (TSI) is a technical momentum oscillator used to identify trends and reversals. The indicator may be useful for determining overbought and oversold conditions, indicating potential trend direction changes via centerline or signal line crossovers, and warning of trend weakness through divergence." What is the Money Flow Index ( MFI )? “The Money Flow Index ( MFI ) is a technical oscillator that uses price and volume data for identifying overbought or oversold signals in an asset. It can also be used to spot divergences which warn of a trend change in price. The oscillator moves between 0 and 100. Unlike conventional oscillators such as the Relative Strength Index ( RSI ), the Money Flow Index incorporates both price and volume data, as opposed to just price. For this reason, some analysts call MFI the volume-weighted RSI .” What is the Relative Strength Index ( RSI )? "The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI can do more than point to overbought and oversold securities. It can also indicate securities that may be primed for a trend reversal or corrective pullback in price. It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought situation. A reading of 30 or below indicates an oversold condition. It is also commonly used to identify divergences." What is the Stochastic RSI (StochRSI)? "The Stochastic RSI (StochRSI) is an indicator used in technical analysis that ranges between zero and one (or zero and 100 on some charting platforms) and is created by applying the Stochastic oscillator formula to a set of relative strength index (RSI) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold. The StochRSI oscillator was developed to take advantage of both momentum indicators in order to create a more sensitive indicator that is attuned to a specific security's historical performance rather than a generalized analysis of price change." What Is Time Segmented Volume? "Time segmented volume (TSV) is a technical analysis indicator developed by Worden Brothers Inc. that segments a stock's price and volume according to specific time intervals. The price and volume data is then compared to uncover periods of accumulation (buying) and distribution (selling)." What is Cumulative Volume Delta ( CDV )? "The CDV analyses the net buying at market price and net selling at market price. This means, that volume delta is measuring whether it is the buyers or sellers that are more aggressive in taking the current market price. It measures the degree of intent by buyers and sellers, which can be used to indicate who is more dominant. The CDV can be used to help identify possible trends and also divergences" 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 pivot periods. You can adjust the default pivot periods 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 several stock indicators by Tradingview as well as the Divergence for Many Indicators v4 by LonesomeTheBlue. With special thanks.
Penunjuk Pine Script®
oleh PHVNTOM_TRADER
7
Divergence for Many Indicators v4Hello Traders, Here is my new year gift for the community, Digergence for Many Indicators v4 . I tried to make it modular and readable as much as I can. Thanks to Pine Team for improving Pine Platform all the time! How it works? - On each candle it checks divergences between current and any of last 16 Pivot Points for the indicators. - it search divergence on choisen indicators => RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, VWMACD, CMF and any External Indicator ! - it checks following divergences for 16 pivot points that is in last 100 bars for each Indicator. --> Regular Positive Digergences --> Regular Negative Digergences --> Hidden Positive Digergences --> Hidden Negative Digergences - for positive divergences first it checks if closing price is higher than last closing price and indicator value is higher than perious value, then start searching divergence - for negative divergences first it checks if closing price is lower than last closing price and indicator value is lower than perious value, then start searching divergence Some Options: Pivot Period: you set Pivot Period as you wish. you can see Pivot Points using "Show Pivot Points" option Source for Pivot Points: you can use Close or High/Low as source Divergence Type: you can choose Divergence type to be shown => "Regular", "Hidden", "Regular/Hidden" Show Indicator Names: you have different options to show indicator names => "Full", "First Letter", "Don't Show" Show Divergence Number: option to see number of indicators which has Divergence Show Only Last Divergence : if you enable this option then it shows only last Positive and Negative Divergences you can include any External Indicator to see if there is divergence - enable "Check External Indicator" - and then choose External indicator name in the list, "External Indicator" - External indicator name is shown as Extrn - related external indicator must be added before enabling this option Coloring, line width and line style options for different type of divergences. Following Alerts added: - Positive Regular Divergence Detected - Negative Regular Divergence Detected - Positive Hidden Divergence Detected - Negative Hidden Divergence Detected Now lets see some examples: Hidden Divergences: Regular and Hidden Divergences together: Showing first letters of indicators: You can see only the number of indicators which has divergence: You can see only divergence lines without indicators names and numbers: option to used different label/line/text colors: You have option to see only last divergences: You can change Pivot Period, in following example Pivot Period = 15: You can use Close or High/Low as Source for Divergence You can include external indicators and get divergences on it: Wish you all a happy new year! Enjoy!
Penunjuk Pine Script®
oleh LonesomeTheBlue
691
Divergence Toolkit (Real-Time)The Divergence Toolkit is designed to automatically detect divergences between the price of an underlying asset and any other @TradingView built-in or community-built indicator or script. This algorithm provides a comprehensive solution for identifying both regular and hidden divergences, empowering traders with valuable insights into potential trend reversals. 🔲 Methodology Divergences occur when there is a disagreement between the price action of an asset and the corresponding indicator. Let's review the conditions for regular and hidden divergences. Regular divergences indicate a potential reversal in the current trend. Regular Bullish Divergence Price Action - Forms a lower low. Indicator - Forms a higher low. Interpretation - Suggests that while the price is making new lows, the indicator is showing increasing strength, signaling a potential upward reversal. Regular Bearish Divergence Price Action - Forms a higher high. Indicator - Forms a lower high. Interpretation - Indicates that despite the price making new highs, the indicator is weakening, hinting at a potential downward reversal. Hidden divergences indicate a potential continuation of the existing trend. Hidden Bullish Divergence Price Action - Forms a higher low. Indicator - Forms a lower low. Interpretation - Suggests that even though the price is retracing, the indicator shows increasing strength, indicating a potential continuation of the upward trend. Hidden Bearish Divergence Price Action - Forms a lower high. Indicator - Forms a higher high. Interpretation - Indicates that despite a retracement in price, the indicator is still strong, signaling a potential continuation of the downward trend. In both regular and hidden divergences, the key is to observe the relationship between the price action and the indicator. Divergences can provide valuable insights into potential trend reversals or continuations. The methodology employed in this script involves the detection of divergences through conditional price levels rather than relying on detected pivots. Traditionally, divergences are created by identifying pivots in both the underlying asset and the oscillator. However, this script employs a trailing stop on the oscillator to detect potential swings, providing a real-time approach to identifying divergences, you may find more info about it here (SuperTrend Toolkit) . We detect swings or pivots simply by testing for crosses between the indicator and its trailing stop. type oscillator float o = Oscillator Value float s = Trailing Stop Value oscillator osc = oscillator.new() bool l = ta.crossunder(osc.o, osc.s) => Utilized as a formed high bool h = ta.crossover (osc.o, osc.s) => Utilized as a formed low // Note: these conditions alone could cause repainting when they are met but canceled at a later time before the bar closes. Hence, we wait for a confirmed bar. // The script also includes the option to immediately alert when the conditions are met, if you choose so. By testing for conditional price levels, the script achieves similar outcomes without the delays associated with pivot-based methods. type bar float o = open float h = high float l = low float c = close bar b = bar.new() bool hi = b.h < b.h => A higher price level has been created bool lo = b.l > b.l => A lower price level has been created // Note: These conditions do not check for certain price swings hence they may seldom result in inaccurate detection. 🔲 Setup Guide A simple example on one of my public scripts, Standardized MACD 🔲 Utility We may auto-detect divergences to spot trend reversals & continuations. 🔲 Settings Source - Choose an oscillator source of which to base the Toolkit on. Zeroing - The Mid-Line value of the oscillator, for example RSI & MFI use 50. Sensitivity - Calibrates the sensitivity of which Divergencies are detected, higher values result in more detections but less accuracy. Lifetime - Maximum timespan to detect a Divergence. Repaint - Switched on, the script will trigger Divergencies as they happen in Real-Time, could cause repainting when the conditions are met but canceled at a later time before bar closes. 🔲 Alerts Bearish Divergence Bullish Divergence Bearish Hidden Divergence Bullish Hidden Divergence As well as the option to trigger 'any alert' call. The Divergence Toolkit provides traders with a dynamic tool for spotting potential trend reversals and continuations. Its innovative approach to real-time divergence detection enhances the timeliness of identifying market opportunities.
Penunjuk Pine Script®
oleh EliCobra
7
Divergence Signal [TradingFinder] RSI & MACD Reversal On Swing🔵 Introduction Sometimes in analyzing price charts using indicators, you may observe a discrepancy. For instance, while the price of stocks, currencies, or commodities is increasing, the indicator shows a decrease. Such a phenomenon in technical analysis is termed "divergence." Divergences are categorized into three types based on their formation and the prediction they make about the continuation of the price trend: "Regular Divergence," "Hidden Divergence," and "Time Divergence." 🟣 Important : • This indicator exclusively identifies regular divergences since its primary function is to detect reversal points. • This indicator identifies divergences using three indicators: "Moving Average Convergence Divergence" (MACD), "Relative Strength Index" (RSI), and "Awesome Oscillator" (AO). The user can choose each of these indicators in the settings using the "Divergence Detection Method" dropdown menu for identifying divergences. These settings are by default set to the MACD mode. 🔵Types of Divergence Divergences, as mentioned, offer different predictions about the continuation of price trends. Hence, they have various types. We will focus on explaining regular divergences based on this indicator. 🟣 Regular Divergence(RD) : Regular divergence is a situation arising from contradictory behavior between the indicator and the price chart at the end of a trend. By identifying regular divergences, we anticipate a change in trend direction resembling a reversal pattern. Regular divergence has two types based on the trend and prediction: Negative Regular Divergence (RD-) : This type occurs between two price peaks at the end of an uptrend. Despite forming a new high, the indicator fails to recognize it, indicating a negative regular divergence. The likelihood of a subsequent downtrend is high. Negative divergence suggests strong selling pressure and weak buying power, portraying an unfavorable future for the stock. Positive Regular Divergence (RD+) : In contrast, positive regular divergence happens at the end of a downtrend and between two price troughs. As depicted in the chart, although the price forms a new low, the indicator doesn't acknowledge it. Positive regular divergence indicates robust buying pressure and weak selling power. Upon identifying positive divergence in the chart, we expect a price increase for the stock under review 🔵 How to Use Information from the indicator is displayed in two ways: Table and Label. 🟣 Table : The table displays information about the latest divergence. This includes the type of divergence, existence or absence of divergence, consecutive divergences, divergence quality, and change in indicator phase. Type Divergence : Indicates the type of divergence, which can be either "Bullish Divergence" or "Bearish Divergence." Exist : Indicates the presence of divergence with a "+" sign and absence with a "-" sign. A green color is used for bullish divergence and red for bearish divergence. Consecutive : Shows the number of consecutive divergences. For example, if there are 3 consecutive divergences, the number 3 is displayed. Divergence Quality : Displays the quality of the divergence based on the number of consecutive divergences. If there is 1 divergence, the quality is "Normal"; for 2 divergences, it's "Good"; and for 3 or more divergences, it's "Strong." Change Phase Indicator : Indicates whether a phase change in the indicator has occurred with "+" for yes and "-" for no. 🟣 Label : Unlike the table, which only shows information about the latest divergence, labels display information about each divergence at the point where it occurs. The information includes the type of divergence, detection method, divergence quality, consecutive divergences, and change in phase indicator. The selected method of detection is also displayed. For example, if the chosen method is the "AO" indicator, the label will show "Method: AO." 🔵 Settings Fractal Period : Determines the period of swings. The minimum and default value is 2. Divergence Detect Method : Selects the indicator (MACD, RSI, or AO) used for detecting divergences. The default indicator is MACD. Show Fractal : Chooses whether to display fractals or not. The default is "No." Show Table : Determines whether to display the table or not. The default is "Yes." Show Label : Chooses whether to display labels or not. The default is "Yes." Label Size : Adjusts the size of the labels from "Tiny" to "Large."
Penunjuk Pine Script®
oleh TFlab
3
Divergence Detector [TradingFinder] RSI + MACD + AO Oscillator 🔵 Introduction 🟣 Understanding Divergence As mentioned, divergence occurs in technical analysis when a stock's price behaves contrary to indicators on the price chart. Divergence can signify either a reversal of the stock's trend or a continuation of the previous trend correction. Divergences can act as reversal patterns or continuation patterns. Moreover, divergences can be utilized to identify potential support and resistance levels. For instance, when an indicator is trending upwards and positive, but the price is declining and trending downwards, divergence occurs. Divergence in a stock indicates trader indecision in buying and selling and warns traders to reconsider their decisions regarding buying or holding the stock. Divergence aids analysts in identifying critical price points. In indicator divergences, it serves as a potent signal in the realm of technical analysis. 🟣 Types of Divergence 1.Regular Divergence o Positive Regular Divergence (RD+) o Negative Regular Divergence (RD-) 2.Hidden Divergence o Positive Hidden Divergence (HD+) o Negative Hidden Divergence (HD-) 3.Time Divergence Key Note : This indicator is specifically designed to identify "Regular Divergence" only. Therefore, the following explanation pertains to this type of divergence. 🔵 Regular Divergence/Convergence Regular Divergence(Convergence) occurs due to conflicting behavior between the indicator and the price chart, typically at the end of a trend. Recognizing Regular Divergence suggests an anticipation of a trend reversal or a pattern resembling a reversal. 🟣 Positive Regular Divergence (RD+) In contrast to negative divergence, positive Regular Divergence occurs at the end of a downtrend and between two price lows. It manifests when the price forms a new low on the price chart, but the indicator fails to recognize it. Positive Regular Divergence indicates strong buying pressure and weak selling pressure. Following the identification of positive divergence on the chart, one can anticipate a price increase for the examined stock. 🟣 Negative Regular Divergence (RD-) This type of Regular Divergence emerges between two price highs during an uptrend. A new high is formed on the price chart, but the indicator fails to acknowledge it. This scenario indicates negative Regular Divergence. The likelihood of a subsequent market downturn is high. Negative divergence signifies strong selling pressure and weak buying pressure, suggesting an unfavorable future for the stock. 🔵 How to use By utilizing the "Fractal Period" input, you can specify your desired periods for identifying divergences. Additionally, through the "Divergence Detect Method" feature, you can choose which oscillators (MACD, RSI, or AO) to base divergence identification on. Divergence in MACD Oscillator : Divergence in the MACD indicator occurs when the price chart and the MACD line form a noticeable opposing pattern, meaning the price moves contrary to the MACD line. In this scenario, one expects a reversal in price direction. Divergence in RSI Oscillator : If divergence occurs during a downtrend on the price chart (two consecutive lows, with the second low being lower) and on the corresponding RSI point (two consecutive lows, with the second low being higher), it signifies positive Regular Divergence and implies a buying signal. Conversely, if divergence occurs during an uptrend on the price chart (two consecutive highs, with the second high being higher) and on the corresponding RSI point (two consecutive highs, with the second high being lower), it indicates negative Regular Divergence, signaling a selling opportunity. Divergence in AO Oscillator : The AO indicator calculates histograms similar to the AO base. It calculates the difference between the simple moving averages of 5 and 34 periods based on the median of each bar. Then, it plots the bars based on the difference. It then compares the histograms to detect peaks and troughs in the AO histograms and compares the identified peaks and troughs to the price. Whenever divergence is detected, it plots lines and arrows. 🔵 Table The table contains information on the functional features of this oscillator that you can utilize. Four categories of information are presented in the table: "Exist," "Consecutive," "Divergence Quality," and "Change Phase Indicator." Exist : If divergence exists, you'll see "+" in this row. Consecutive : Divergences may occur consecutively. If same-type divergences form within short intervals, you can observe the count in this row. Divergence Quality : Based on the number of consecutive divergences, their quality can be evaluated. If one divergence exists, its quality is considered "Normal." If two divergences exist, the quality is "Good," and if three or more divergences exist, the quality is considered "Strong." Change Phase Indicator : If a phase change occurs between two oscillation peaks formed based on divergence, this change is identified and displayed in this row.
Penunjuk Pine Script®
oleh TFlab
6
Divergence IndicatorDescription: The Divergence Indicator (DI) is a powerful technical analysis tool designed to identify potential bullish and bearish signals based on multiple indicators, including RSI, Stochastic Oscillator, MACD, and EMA. It helps traders spot divergences between price and these indicators, indicating potential trend reversals or continuations. How it Works: The Divergence Indicator compares various indicators and their relationships with price to identify bullish and bearish signals. It considers conditions such as rising or falling values of the Stochastic Oscillator (%K), RSI, and MACD lines, as well as the crossover and crossunder of the MACD Line and Signal Line. Additionally, it evaluates the relationship between fast and slow Exponential Moving Averages (EMA) to detect divergences. When a bullish or bearish condition is met, circles are plotted on the chart to highlight the signals. Usage: To effectively utilize the Divergence Indicator, follow these steps: 1. Apply the DI indicator to your chart by adding it from the available indicators. 2. Customize the color settings to suit your preferences. The bullish and bearish colors determine the colors of the plotted circles. 3. Observe the circles plotted on the chart: - Bullish circles indicate potential bullish signals. - Bearish circles indicate potential bearish signals. 4. Interpret the signals provided by the indicator: - A bullish signal may occur when there is price divergence accompanied by rising values of the Stochastic Oscillator (%K), RSI, and MACD lines, or when the MACD Line crosses above the Signal Line. Additionally, a histogram value close to zero may strengthen the signal. - A bearish signal may occur when there is price divergence accompanied by falling values of the Stochastic Oscillator (%K), RSI, and MACD lines, or when the MACD Line crosses below the Signal Line. A histogram value close to zero may also strengthen the signal. 5. Be cautious of false signals by considering additional factors such as the relationship between the fast and slow Exponential Moving Averages (EMA). If the EMAs or MACD values do not support the identified divergence, the signal may be less reliable. 6. Combine the signals from the Divergence Indicator with other technical analysis tools, such as support and resistance levels, trend lines, or candlestick patterns, to confirm potential trade setups. 7. Implement appropriate risk management strategies, including setting stop-loss orders and position sizing, to manage your trades effectively and protect your capital. Note: The Divergence Indicator provides valuable insights into potential trend reversals or continuations based on divergences between price and multiple indicators. However, it is recommended to use this indicator in conjunction with other technical analysis tools and perform thorough analysis before making trading decisions.
Penunjuk Pine Script®
oleh maybethatguy
21
Divergences for many indicators v2.0A gift from me to all. This script is developed to find Divergences for many indicators. it analyses divergences and then draws line on the graph. red for negatif, lime for positive divergences. Currently script checks divergence for RSI, MACD, MACD Histogram, Stochastic, CCI, Momentum, OBV, Diosc, VWMACD and CMF indicators. You can use some or all of these indicators to check divergences as you wish by choosing them on the menu. Also you can add/remove many other indicators to the script to check if there is divergence. The script first calculates tops/bottoms by using higher time frame zig zag and then finds divergences. Higher Time Frames are if currend period 1 min => HTF = 5 mins if currend period 3 mins => HTF = 15 mins if currend period 5 mins => HTF = 15 mins if currend period 15 mins => HTF = 1 hour if currend period 30 mins => HTF = 1 hour if currend period 45 mins => HTF = 1 hour if currend period 1 hour => HTF = 4 hours if currend period 2 hours => HTF = 4 hours if currend period 3 hours => HTF = 4 hours if currend period 4 hours => HTF = 1 day if currend period 1 day => HTF = 1 week if currend period 1 week => HTF = 1 week future plan : script finds regular divergences, soon I will add hidden divergences and also I plan to add alert ;)
Penunjuk Pine Script®
oleh LonesomeTheBlue
41
Divergence Indicator (any oscillator)A modification of the TV builtin "Divergence indicator" (Version 10) that can be applied to any indicator, and can be plotted on price as well. Usage: Add your favorite oscillator, RSI, Klinger, TSI, CMF, or anything else to a chart. Click the little ... (More) on the oscillator. Then add this indicator "Divergence Indicator (any oscillator)" on your oscillator of choice. Click the settings on this indicator and make sure the source is set to the right plot from your oscillator. Watch for it to plot divergences... Add this indicator a second time on the price chart (and select the same oscillator plot), but check the box "plot on price (rather than on indicator)"" See you divergence plotted on price (as well as on the oscillator)
Penunjuk Pine Script®
oleh yatrader2
153