OPEN-SOURCE SCRIPT
Volume Price Trend

This indicator provides an implementation of the Volume Price
Trend (VPT) momentum indicator, enhanced with a built-in
divergence detection engine.
Key Features:
1. **Full Divergence Suite (Class A, B, C):** The primary feature
is the integrated divergence engine. It automatically
detects and plots all three major types of divergences:
- Regular (A): Signals potential trend reversals.
- Hidden (B): Signals potential trend continuations.
- Exaggerated (C): Signals weakness at double tops/bottoms.
2. **Divergence Filtering and Visualization:**
- **Price Tolerance Filter:** Divergence detection is enhanced
with a percentage-based price tolerance (`pivPrcTol`) to
filter out insignificant market noise, leading to more
robust signals.
- **Persistent Visualization:** Divergence markers are plotted
for the entire duration of the signal and are visually
anchored to the VPT level of the confirming pivot.
- **Flexible Pivot Algorithms:** Supports various underlying
mathematical models for pivot detection provided by the
core library
3. **Note on Confirmation (Lag):** Divergence signals rely on a
pivot confirmation method to ensure they do not repaint.
- The **Start** of a divergence is only detected *after* the
confirming pivot is fully formed (a delay based on
`Pivot Right Bars`).
- The **End** of a divergence is detected either instantly
(if the signal is invalidated by price action) or with
a delay (when a new, non-divergent pivot is confirmed).
4. **Multi-Timeframe (MTF) Capability:**
- **MTF VPT Line:** The VPT line *itself* can be calculated on a
higher timeframe, with standard options to handle gaps
(`Fill Gaps`) and prevent repainting (`Wait for...`).
- **Limitation:** The Divergence detection engine (`pivDiv`)
is **disabled** if a timeframe other than the chart's
timeframe is selected. Divergences are only calculated
on the active chart timeframe.
5. **Integrated Alerts:** Includes comprehensive alerts that
trigger on the *start* and *end* of all divergence types
(e.g., "Regular Bullish Started", "Regular Bullish Ended").
---
**DISCLAIMER**
1. **For Informational/Educational Use Only:** This indicator is
provided for informational and educational purposes only. It does
not constitute financial, investment, or trading advice, nor is
it a recommendation to buy or sell any asset.
2. **Use at Your Own Risk:** All trading decisions you make based on
the information or signals generated by this indicator are made
solely at your own risk.
3. **No Guarantee of Performance:** Past performance is not an
indicator of future results. The author makes no guarantee
regarding the accuracy of the signals or future profitability.
4. **No Liability:** The author shall not be held liable for any
financial losses or damages incurred directly or indirectly from
the use of this indicator.
5. **Signals Are Not Recommendations:** The alerts and visual signals
(e.g., crossovers) generated by this tool are not direct
recommendations to buy or sell. They are technical observations
for your own analysis and consideration.
Trend (VPT) momentum indicator, enhanced with a built-in
divergence detection engine.
Key Features:
1. **Full Divergence Suite (Class A, B, C):** The primary feature
is the integrated divergence engine. It automatically
detects and plots all three major types of divergences:
- Regular (A): Signals potential trend reversals.
- Hidden (B): Signals potential trend continuations.
- Exaggerated (C): Signals weakness at double tops/bottoms.
2. **Divergence Filtering and Visualization:**
- **Price Tolerance Filter:** Divergence detection is enhanced
with a percentage-based price tolerance (`pivPrcTol`) to
filter out insignificant market noise, leading to more
robust signals.
- **Persistent Visualization:** Divergence markers are plotted
for the entire duration of the signal and are visually
anchored to the VPT level of the confirming pivot.
- **Flexible Pivot Algorithms:** Supports various underlying
mathematical models for pivot detection provided by the
core library
3. **Note on Confirmation (Lag):** Divergence signals rely on a
pivot confirmation method to ensure they do not repaint.
- The **Start** of a divergence is only detected *after* the
confirming pivot is fully formed (a delay based on
`Pivot Right Bars`).
- The **End** of a divergence is detected either instantly
(if the signal is invalidated by price action) or with
a delay (when a new, non-divergent pivot is confirmed).
4. **Multi-Timeframe (MTF) Capability:**
- **MTF VPT Line:** The VPT line *itself* can be calculated on a
higher timeframe, with standard options to handle gaps
(`Fill Gaps`) and prevent repainting (`Wait for...`).
- **Limitation:** The Divergence detection engine (`pivDiv`)
is **disabled** if a timeframe other than the chart's
timeframe is selected. Divergences are only calculated
on the active chart timeframe.
5. **Integrated Alerts:** Includes comprehensive alerts that
trigger on the *start* and *end* of all divergence types
(e.g., "Regular Bullish Started", "Regular Bullish Ended").
---
**DISCLAIMER**
1. **For Informational/Educational Use Only:** This indicator is
provided for informational and educational purposes only. It does
not constitute financial, investment, or trading advice, nor is
it a recommendation to buy or sell any asset.
2. **Use at Your Own Risk:** All trading decisions you make based on
the information or signals generated by this indicator are made
solely at your own risk.
3. **No Guarantee of Performance:** Past performance is not an
indicator of future results. The author makes no guarantee
regarding the accuracy of the signals or future profitability.
4. **No Liability:** The author shall not be held liable for any
financial losses or damages incurred directly or indirectly from
the use of this indicator.
5. **Signals Are Not Recommendations:** The alerts and visual signals
(e.g., crossovers) generated by this tool are not direct
recommendations to buy or sell. They are technical observations
for your own analysis and consideration.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.