Klinger Volume Divergence IndicatorA remix of the built-in Divergence Indicator that uses a Klinger Volume Oscillator instead of RSI to help spot divergent patterns in volume activity in relation to price.
Additions:
Basic color coding:
Positive volume (above center line) == buying
- Negative volume (below center line) == selling
Alerts for Bullish, Hidden Bullish, Bearish, and Hidden Bearish signals
Cari dalam skrip untuk "Divergence"
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!
Time Segmented Volume with divergence and Kumo cloud backgroundThis is a Time Segmented Volume (TSV) indicator with added divergence hunter, crossing signals, Kumo cloud background and alert functions
Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first!
Price divergencePrice divergence will indicate how much current price is divert from market exponential moving average .
Time Divergence - TDV [SHK]A truly time based indicator to check the strength of the asset based on "Time". The main idea came to my mind about 2 years ago, When i was counting the candles in an impulse move and comparing it to number of retracement candles .
So i got a period (13 for example) and checked the price change between the 13 candles, Then the space between those two points (the price!) is divided to 13 (the time!).
The result can be analyzed by checking the Divergence, or checking the Linear Regression, or bollinger band, or trend lines and channels, or ...
You can also test different periods.
I'm price action trader and i don't use indicators, But i publish my past works for other users.
Hope you find new usage methods and share them in comments.
RSI Divergence Indicator strategyThis strategy is based on RSI divergence indicator.
RSI period setting 5
Go Long when Bull or Hidden Bull is shown
Exit when RSI goes above 75 OR when bear condition appears
MACD histogram divergence by Rexio v1Hi everyone!
I wrote this indicator for intraday trading and it cannot be use only by itself you need to at least draw some S/R lines to make it useful. It is based at MACD histogram and gives signal when it sees divergence on MACD's Histogram when macd's histogram switchs trend. Im using it to playing with a trend most of the time looking. It highlights candles which can give good singnals to play with a trend (its based on ema200 and RSI overbought and oversold zones).
Im not a computer programist nor professional trader so it is only for educational purposes only.
Price Percentage Divergence IndicatorThis is a price percentage divergence ( PPO ) indicator. It may as well be called a turning points indicator.)
MACD Price Divergence indicatorIndicator for divergence between MACD trend and price trends. Try it out and let me know what you think!
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
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
RSI DivergenceSimple RSI Divergence with adjustable lookback period.
Highlights bars with higher price but lower RSI (bearish) or lower price but higher RSI (bullish) than the highest/lowest points in the lookback period.
PPO Divergence Alerts 2.0This is basically the same code as my other PPO Divergence indicator expect it overlays the signal on the candles, rather than needing the oscillator. I'm keeping the old version, as I'm sure people will prefer it, but this version takes up less screen real estate.
[RS]Accumulation and Distribution Divergence V0EXPERIMENTAL: Accumulation and Distribution Divergence detection.
[RS]MACD Divergence V0EXPERIMENTAL:
MACD Divergence detection.
looks like macd is more prone for missing the extremes in price then the rsi due to lag.
Divergence RSI [mado]Divergence screener for OBV RSI
Regular Bullish: "D" navy label
Hidden Bullish: "H" navy label
Regular Bearish: "D" red label
Hidden Bearish: "H" red label
DivergenceUnderstanding the Divergence Indicator
This indicator is designed to identify and analyze divergences between price action and multiple technical indicators across different timeframes. Divergence occurs when the price of an asset moves in one direction while a technical indicator moves in the opposite direction, potentially signaling a trend reversal or continuation.
Key Features
1. Customizable Parameters: Users can adjust settings for divergence detection, including:
- Bullish/Bearish divergence detection
- Regular/Hidden divergence identification
- Pivot lookback periods
- Weighting for different divergence types
2. Strength Calculation: The indicator calculates divergence strength based on the magnitude of divergence and user-defined weightings.
3. Visual Representation: Divergences are displayed on the chart with lines connecting price and indicator pivots, along with labels showing divergence strength.
Utility in Trading
1. Early Trend Reversal Signals: By identifying divergences, traders can anticipate potential trend reversals before they occur in price action.
2. Trend Continuation Confirmation: Hidden divergences can help confirm the continuation of an existing trend.
3. Multi-Timeframe Analysis: The indicator allows for divergence detection across various timeframes, enhancing the reliability of signals.
4. Risk Management: Traders can use divergence signals to adjust their stop-loss levels or take profits on existing positions.
5. Comprehensive Market View: By analyzing multiple indicators simultaneously, traders gain a more robust assessment of market conditions.
6. Objective Strength Evaluation: The divergence strength calculation provides an objective measure of signal significance.
By incorporating this divergence indicator into their trading strategy, traders can potentially improve their market timing, risk management, and overall trading performance.
