In regular scenario divergence calculation follows these procedure
Pivots on price are considered as primary source
They are compared with pivots on oscillators
Trend bias of price is used
This is an experimental version where
Pivots on oscillators are considered as primary source
They are compared with pivots on price
I'm trader Baekdoosan who trading Equity from South Korea. This Baekdoo compressed multi EMA box and its crossover indicator tells us good trading time for swing trading.
Here is the idea. As you can see formula, I put ema of 5 days to 100 days.
and draw box when all disparity of the EMAs are less than 5%
I put those value in input variable as 105...
This script combines Stochastic Divergence and WaveTrend Crosses.
Stochastic Divergence may be useful for seeing a shift in momentum before the price action reflects it.
WaveTrend gives us context to the short term trend.
You can combine these together to find good entries.
Another script based on zigzag, divergence, and to yield support and resistence levels.
This idea started with below two concepts:
▶ Support and resistence are simply levels where price has rejected to go further down or up. Usually, we can derive this based on pivots. But, if we start looking at every pivot, there will be many of them and may be confusing to...
Both the RSI (Relative Strength Index) and the Linear Regression ( LR ) rank among the most popular momentum indicators used in trading. When used in combination with other technical indicators (ZigZag), both RSI, LR and ZigZag can offer value in validating trade opportunities to optimize your risk management practices.
Here’s a look at how to use RSI, LR and...
This indicator uses the principle of taking the RSI of DPO readings across multiple time frames in order to provide trade signals and an overarching view of market conditions to the trader. My hope with creating this indicator was to present more divergence based signals than your typical indicator, while still keeping those signals at a high quality.
The volume price trend indicator is used to determine the balance between a security’s demand and supply. The percentage change in the share price trend shows the relative supply or demand of a particular security, while volume indicates the force behind the trend. The VPT indicator is similar to the on-balance volume (OBV) indicator in that it measures cumulative...
A handy little indicator to help identify different kinds of convergences/divergences
The indicator compares price movements with the momentum and volume movements, Hidden divergences are left out, at least in the first version, because I wanted this indicator to be as simple as possible.
The divergences are shown with labels, user can change the...
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...
This indicator is a copy of my RSI Overbought/Oversold Divergence Indicator with-Alerts
Only difference is that the alerts are disabled, instead it uses tradingviews strategy tester signals
If you want alerts just use the other indicator
This indicator uses the cyclic smoothed Relative Strength Index (cRSI) instead of the traditional Relative Strength Index (RSI). See below for more info on the benefits to the cRSI.
My key contributions
1) A Weighted Moving Average (WMA) to track the general trend of the cRSI signal. This is very helpful in determining when the equity switches from bullish...
This is a powerful tool if combined with other parameters. It's an advanced version of an RSI .
It shows OB and OS conditions and price direction or shift of the trend.
This indicator can be used in various ways with all markets.
The current settings are designed to work with futures market.
Combined with our TSI and Price action, RSI OBLIVION is the most...
Mean Reversion indicator based on RSI Divergences at Overbought/Oversold conditions with Price above/below a Standard Deviation from Daily VWAP. Useful for intra-day trading.
1. RSI is at Overbought/Oversold
2. RSI Divergence present (not hidden)
3. RSI has not reached Neutral level (i.e. 50)
4. Price has crossed above/below a Standard Deviation...
Hello everyone <3
I present to you guys my new indicator Volume per Point (VP)
As suggested by the title, this script gives you the volume for every point.
Here's a run down on specific features:
The columns can be the following four colors:
Green - There was an increase in VP
Red - There was a decrease in VP
Yellow - There was...
Pullbacks are always hardest part of the trade and when it happen, we struggle to make decision on whether to continue the trade and wait for recovery or cut losses. Similarly, when an instrument is trending well, it is often difficult decision to make if we want to take some profit off the table. This indicator is aimed to make these decisions easier by providing...
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.
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...