OPEN-SOURCE SCRIPT
Divergence Hunter
## Recommended Timeframes
The **Divergence Hunter** can be used on different timeframes depending on your trading style:
**5-Minute:** Suitable for scalping. It generates more signals, but market noise and false signals may increase.
**15-Minute:** The most balanced option for intraday trading. It provides a good balance between signal frequency and reliability.
**30-Minute:** Produces fewer but generally cleaner signals. Suitable for more selective intraday trades.
**1-Hour:** Recommended for swing trading and stronger divergence setups. Signals develop more slowly but may be more reliable.
**4-Hour and Daily:** Suitable for medium- and long-term analysis. Divergences are less frequent but can indicate more significant market reversals.
For most users, the **15-minute and 1-hour timeframes** are recommended. Signals should always be confirmed with support and resistance levels, trend direction, volume, and candle-close confirmation.
The **Divergence Hunter** can be used on different timeframes depending on your trading style:
**5-Minute:** Suitable for scalping. It generates more signals, but market noise and false signals may increase.
**15-Minute:** The most balanced option for intraday trading. It provides a good balance between signal frequency and reliability.
**30-Minute:** Produces fewer but generally cleaner signals. Suitable for more selective intraday trades.
**1-Hour:** Recommended for swing trading and stronger divergence setups. Signals develop more slowly but may be more reliable.
**4-Hour and Daily:** Suitable for medium- and long-term analysis. Divergences are less frequent but can indicate more significant market reversals.
For most users, the **15-minute and 1-hour timeframes** are recommended. Signals should always be confirmed with support and resistance levels, trend direction, volume, and candle-close confirmation.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by PulseWire. Read more in the Terms of Use.