Awesome Oscillator with Divergence

Simple Awesome Oscillator with Divergences

This TradingView script combines the classic Awesome Oscillator (AO) with divergence detection. It plots AO as a histogram, highlighting changes in momentum. Divergences are identified based on pivot highs and lows, signaling potential trend reversals:

- Bullish Divergence: Price makes lower lows, AO makes higher lows.
- Bearish Divergence: Price makes higher highs, AO makes lower highs.

Visual signals (arrows) and alerts ensure clear identification, making it ideal for traders focusing on momentum and trend reversals.