Divergence

Wolfpack Id with Divergence This 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!

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by AdonisWerther

+ JMA KDJ with RSI OB/OS Signals So, what is the KDJ indicator? If you're familiar with the Stochastic, then you'll know that the two oscillating lines are called the 'K' and 'D' lines. Now you know that this is some sort of implementation of the Stochastic. But, then, what is the J? The 'J' is simply the measure of convergence/divergence of the 'K' and 'D' lines, and the 'J' crossing the 'K' and 'D' lines is representational of the 'K' and 'D' lines themselves crossing. Is this an improvement over simply using the Stochastic as it is? Beats me. I don't use the Stochastic. I stumbled upon the KDJ while surfing around the web, and it sounded cool, so I thought I'd look at it. I do like it a bit more as the 'J' line being far overextended from the other two (usually into overbought/sold territory) does give a clear visual representation of the divergence of the 'K' and 'D' lines, which you might not notice otherwise. So, from that perspective I suppose it is nicer. But let's get to the good stuff now, shall we? What did I do here? Well, first thing you're wondering is why there are only two lines when based on my explanation (or your previous experience with the indicator) there should be three. I found this script here on TV, by x4random, who took the 'K' and 'D' lines and made an average of them, so there is only one line instead of the two. So, fewer lines on the indicator, but still the same usefulness. It was in older TV code, so I took it to version4 and cleaned up the code slightly. His indicator included the RSI ob/os plots, and I thought this was neat (even though the RSI being os/ob doesn't tell you much except that the trend is strong, and you should be buying pullback or selling rallies) so I kept them in. His indicator was also the most visually appealing one that I saw on here, so that attracted me too. Credit to x4random for the indicator, though. Aside from code cleanup and adding the usual bells and whistles (which I will get to) the big thing I did here was change is RMA that he was using for the 'K' and 'D' lines to a Jurik MA's, which smooth a lot of the noise of other moving averages while maintaining responsiveness. This eliminates noise (false signals) while keeping the signals of significance. It took me a while to figure out how to substitute the JMA for the RMA, but thanks to QuantTherapy's "Jurik PPO" indicator I was able to nail down the implementation. One thing you might notice is that there is no input to change signal length. I fiddled with this for a time before sticking to using the period, instead of the signal (thus eliminating the use of the signal input altogether), length to generate the 'K' and 'D' calculations. To make any adjustments other than the period length use the Jurik Power input. You can use the phase input as well, but it has much less of an effect. Everything else I changed is pretty much cosmetic. Candle coloring with the option to color candles based on either the 'J' line or the 'KD' line. color.from_gradients with color inputs to make it beautiful (this is probably my best looking indicator, imo) plots for when crosses occur (really wish there was a way to plot these over candlesticks! If anyone has any suggestions I'd love to see!) I think that's about it. Alerts of course. Enjoy! Below is a comparison chart of my JMA implementation to the original RMA script. You can see how much smoother the JMA version is. Both of these had the default period of 55 set, and the JMA version is using the default settings, while the original version is using a length of 3 for the signal line.

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by ClassicScott

RSI Divergency and Golden Ratio How to calculate: Positive mismatch finds the lowest trough within the distance you choose. It then compares it to the current closing value. If the past low is above the current closing level, it means that the bottoms of the price are descending. The RSI level at the furthest bottom of the price is detected. And the current RSI level is detected. If the current RSI level is higher than the previous RSI level, there is a positive divergence. When a positive divergence occurs, a green pole forms above the RSI indicator on the chart. Negative finds the highest peak level within the distance you choose. It then compares it to the current closing value. If the past high is below the current close, it means that the highs of the price are rising. The RSI level at the furthest high of the price is detected. And the current RSI level is detected. If the current RSI level is lower than the previous RSI level, there is negative divergence. When a negative divergence occurs, a red pole forms above the RSI indicator on the chart. As can be seen in the image, the points marked with red are the regions where incompatibility occurs. At the same time, the signals that occur when the RSI cuts its own moving average and the signals that occur when the RSI cuts its own golden ratio are also very strong signals. Waiting for your ideas and comments. I am open to criticism. We can improve.

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by only_fibonacci

[blackcat] L1 volume Oscillator Indicator Level: 1 Background Omega Research proposed volume oscillator indicator in June 2000. Function This is actually a volume-price indicator. With columns greater than zero line, which indicates a up trend. Otherwise, it is a down trend. Green columns indicate up trend pump; yellow columns indicate up trend retracements; red columns indicate down trend dump; blue columns indicate down trend re-bounce. Key Signal VolOsc --> volume osillator indicator. Remarks This is a Level 1 free and open source indicator. Feedbacks are appreciated.

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by blackcat1402

Trend Momentum with Buyers / Sellers Power Hi there! With this indicator, you can hunt big trends before they start. This indicator is combined with RSI and Momentum indicators It can show you the power of trend and which side it wants to go It can help you to open a position at the first point of a new trend or at the safe and proven point of the trend, also it can help you to close your position before the trend change its direction (it's not recommended to use it to close your positon, but sometimes it can help you to find the ending point of big pumps) Rules: * Baseline is ZERO ( 0 ) line * When gray line crossover red line, it shows us a powerful uptrend * When the gray line crossunder the red line it shows us a powerful upward trend Signals: * Only use Buy signals(Long) when they are above or crossing-up baseline * Only use Sell signals(Short) when they are under or crossing-down baseline * If they both (red and gray lines) are too high and they suddenly starting to come back to baseline, it shows we have a range trend, the trend is weak or a reversal trend is coming!! !! WARNING: DO NOT USE THIS INDICATOR ALONE !! Suggestions : -Use 1H, 4H, daily, or Weekly timeframes -Use ADX and DI or three WMA's -Use divergence -You can use it for scalping but you need to change the inputs (not recommended) If you have any idea about making new indicators(what information do you want from the chart?), comment please, then I can research and make it for all of us! =)

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by Crypto_Checkup

Stochastic Weighted RSI w/ Divergence + Signals 🐢 Tawtis' Stochastic Weighted Relative Strength Index , aka SWRSI This indicator combines the Stochastic RSI and the classic RSI we all know and love to create a more effective indication of seller/buyer dominance, and in turn, trend. I have named it the "Stochastic Weighted RSI". The script also includes a standard RSI, so you can use both at the same time! Loads of customisation, pretty much every input can be changed to fit your preferences, however, the default settings are what I would personally recommend for the best results. Either way, feel free to change them! By looking at the indicator, you can also establish the trend that may follow in the candles to come. Typically, an indicator reading of over 70 is considered overbought, and an indicator reading of under 30 is considered oversold. The calculations for the SWRSI and its signals take into account a multitude of exponential moving averages, a Stochastic RSI and a classic RSI, among other things. There are 2 types of signals provided by the indicator, being strong and weak. You do not have to follow these, and they aren't always accurate (it's impossible to be accurate 100% of the time), however, they can give a good idea of the trend that will ensue. Strong buy signals are created when: SWRSI is under 30 SWRSI is over the EMA (default 2) of the SWRSI Short EMA (default 20) is under the long EMA (default 50) Strong sell signals are created when: SWRSI is over 70 SWRSI is under the EMA (default 2) of the SWRSI Short EMA (default 20) is over the long EMA (default 50) Weak buy and sell signals are printed as green and red background highlights, and operate the same as the strong buy and sells, without the short/long EMA criterion. Both of these signal types can be toggled off using the settings if you do not want to see them. Enjoy!

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Time Segmented Volume with divergence and Kumo cloud background This 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!

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by AdonisWerther

3GBH - MoneyMeter (Stablecoins RSI)This indicator tracks the Market Caps of - USDT - USDC - DAI The data is presented on the RSI. The intent of this indicator is to help determine whether money is flowing into the market or not. If the major stablecoins are green, money is entering the market. The opposite applies, if red, money is leaving the market. This is another tool which may provide help to build confluence in your trading or analysis. ----- Default length is set to 168 to see the momentum of the past 7 days on the 1-hour timeframe.

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Martyv Auto Fib Retracement with Logarithmic Support Simple & easy auto-fib levels. Took the out-of-the-box version provided by PulseWire and added Logarithmic support and a nicer palette, and made the controls a bit nicer to use (in my opinion lol). Enjoy.

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RSI Signals by HB RELATIVE STRENGTH INDEX (RSI) This is a tool that is widely used Especially for Overbought and Oversold systems, but I have made some changes in this indicator, How to use it...! I have set it as the default setting - RSI Length: 7 - Overbought: 70 - Oversold: 30 What is unique about this tool? we can see 3 conditions: 1) RSI Overbought / Oversold with Bullish Engulfing / Bearish Engulfing 2) RSI Overbought / Oversold with Hammer and Shooting Star 3) RSI Overbought / Oversold with 2 Bullish Bars / 2 Bearish Bars 4) RSI Overbought / Oversold with All Patterns at the same time When the RSI reaches its Oversold line, the code will wait for Bullish Engulfing pattren , when oversold and Bullish engulfing matched, This indicator will generate a buy signal when the condition is met, and same as for Bear market, When the RSI reaches its Overbought line, the code will wait for Bearish Engulfing pattren , This indicator will generate a sell/exit signal when the condition is met, 2nd condition is that a Hammer candle will be waited for when RSI touches the Overbought line, for Bullish Move and Shooting Star candle will be waited for when RSI touches the Overbought line, for Bullish Move, for Bearish Move 3rd Condition is also the same as Condition 1 and Condition 2, When the RSI reaches its Oversold line, the code will wait for 2 Bullish Bars , when oversold and 2 Bullish Bars matched then this indicator will generate a buy signal, and same as for Bear market, When the RSI reaches its Overbought line, the code will wait for 2 Bearish Bars , when overbought and 2 Bearish Bars matched then this indicator will generate a Sell signal, 4th Condition is that we can use All Conditions at the same time, - Bullish Engulfing / Bearish Engulfing - Hammer and Shooting Star - 2 Bullish Bars / 2 Bearish Bars

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Tipsy EMA Tipsy EMA v0.2a Coded by vaidab. A simple strategy to buy dips in an uptrend. How to use: - buy on trend when price retraces to the orange "buy" line and compound orders - sell when price reaches red line (stop loss) or at 💰 (take profit) Note that you can reverse trade on the 💰 sign for a short scalp / day trade. Uptrend: green/red background. Danger zone: orange bg. No go zone: no bg. Potential buys (in a clear trend): 55, 100, 200 EMA touches and fibo retracements to .382 and .618. Potential stop loss: when price breaks the 200 EMA (marked by a red line). Exit signs: opposite trend divergences (RSI). Take profit: EMA 55 crossing down EMA 100. Use it in confluence with market structure. E.g. If 200 EMA ligns up with past market structure, if there are whole numbers or if there's a monthly level. Tested BTCUSDT D, 4H

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MashumeHullTV █ OVERVIEW This plots the Hull Moving Average Turning Points and Concavity with the addition of colored segments representing concavity and turning points: maxima, minima and inflection. a fast way to determine the trend direction and possible reversals based on concavity of the trend Dark Green: Concave Up but HMA decreasing. The 'mood' has changed and the declining trend of the HMA is slowing. Possible trend change to Uptrend soon Light Green: Concave up and HMA increasing. Price is increasing, and since the curve is still concave up, it is accelerating upward. Uptrend Orange: Concavity is now downward, and though price is still increasing, the rate has slowed, perhaps the mood has become less enthusiastic. Possible trend change to Downtrend soon Red: Concave down and HMA decreasing. Downtrend Buy signals generated when Hull turns from Dark Green -> Light Green Sell signals generated when Hull turns from Orange -> Red To best determine if this is a entry point or a trend reversal, it is recommended to use in conjunction with the QQEMoMoTV indicator █ FEATURES Calculations Calculates the concavity of the Hull Moving Average comparing the Hull concavity of the current bar to the previous bar and displays the concavity in the form of 4 different colors. Note: may cause repainting, so recommended to use with another indicator such as the QQEMoMoTV indicator to confirm signals. Calculates divergence between the calculated HMA and the actual price and displays this in the Divergence Label. Calculates the local minima, maxima and inflection points with the ability to display these as auto support/resistance lines. Inputs You can use the script's inputs to configure: • Calculation Source (default HL2) • HMA Length (default 21) • Lookback (default 2) • Whether to show Auto Support/Resist Lines • Whether to show Buy/Sell Arrows • Whether to show Divergence Label • Whether to extend Local Auto Support/Resist Lines Alerts Buy Signal alert based on HMA crossing above MA_Min/Hull Support, when Hull turns from Dark Green -> Light Green, Bullish Sell Signal alert based on HMA crossing below MA_Max/Hull Resistance, when Hull turns from Orange -> Red, Bearish Experimental support for applying the indicator to higher time frames eg. charting the hourly MashumeHull indicator on 15 min chart. See the commented code to access this feature █ CREDITS Original Author: Seth Urion (Mashume) Feature upgrades and usage: Xiuying Converted to Tradingview by: Machdragon

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HTF Candles & Mini Charts by DGT HTF Candles & Mini Charts is a multi-timeframe visualization tool designed to help traders monitor higher-timeframe market structure without leaving their current chart. The indicator overlays higher-timeframe candles directly onto the active chart while also introducing compact mini HTF charts that display compressed higher-timeframe price action. This allows traders to observe broader market context while executing trades on lower timeframes. By combining higher-timeframe overlays, mini charts, technical indicators, volume-weighted coloring, reference levels, oscillators, and statistical panels, the script provides a powerful environment for analyzing price structure across multiple timeframes simultaneously. KEY FEATURES ⯌ HTF Chart Overlay (Main Price Chart) Displays higher-timeframe candles directly on the chart, allowing traders to see how lower-timeframe price action evolves within a higher-timeframe structure. Features: Multiple chart styles: Candles, High–Low, Heikin Ashi Support for two independent HTF overlays Optional volume-weighted candle coloring based on relative trading activity This allows traders to visualize higher-timeframe price development without switching charts. ⯌ Mini HTF Charts Compact higher-timeframe charts displayed beside the main chart provide a quick snapshot of broader market structure and price development. Mini charts allow traders to quickly monitor trend direction and higher-timeframe context while focusing on lower-timeframe execution. Features: Multiple chart styles: Candles, High–Low, Heikin Ashi Integrated technical indicators and oscillators Reference range levels Volume-weighted candle coloring ⯌ Technical Indicators & Oscillators A selection of commonly used indicators can be displayed on the main chart and mini charts to help evaluate trend strength, volatility, and momentum. Trend / Volatility indicators: Moving Average Bollinger Bands Supertrend Momentum oscillators: RSI Stochastic These indicators help traders quickly evaluate trend conditions and momentum across timeframes. ⯌ Range Reference Levels Statistical reference levels derived from the higher-timeframe range help traders quickly assess where price sits within the broader range structure. Available levels: Range High / Low Range Quartiles (25%, 50%, 75%) These levels provide a clear representation of range distribution. ⯌ Volume-Weighted Candle Coloring Candles can optionally be colored based on relative volume participation, highlighting periods of strong or weak trading activity. This visual cue helps identify moments when market participation significantly increases or decreases. ⯌ Statistics Panel An optional statistics panel provides quick insights into price performance across multiple time horizons Included metrics: Performance Metrics Distance to Key Moving Averages Volume Participation WHY USE HTF ANALYSIS Markets move in fractal structures where lower-timeframe price action constantly reacts to higher-timeframe levels and trends. Using higher-timeframe overlays helps traders: Understand broader trend direction Identify key range boundaries Avoid trading directly into higher-timeframe resistance or support Align lower-timeframe entries with higher-timeframe structure DISCLAIMER This script is intended for informational and educational purposes only. It does not constitute financial, investment, or trading advice. All trading decisions made based on its output are solely the responsibility of the user.

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Kzx | RSI + Div A simple RSI with divergence highlighted

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Volume per Point 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: SUBCHART COLUMNS: 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 divergence between volume and candle range Purple - There are signs of exhaustion compared to the previous candlestick SUBCHART HISTOGRAM: The histogram can be the following two colors: Lime - Buying volume Red - Selling volume I left you guys the ability to change the multiplier on the volume in settings just incase it's too small or too big compared to the VP. Decimals are allowed! CANDLESTICK CHART: The candlesticks can the following two colors: Yellow - There was a divergence between volume and candle range Purple - There are signs of exhaustion compared to the previous candlestick FILTERS In the settings, you're able to add the following two filters: RSI Filters - RSI must be below or above the specified value for the divergence or exhaustion to trigger Percent Filters - The candlestick range or volume must be higher or lower than the specified value depending whether it's divergence or exhaustion. This is a very helpful tool if you're interesting in reading volume. It also facilitates finding market maker activity depending on the size of the VP. Sudden abnormal spikes in VP usually do signal something and that's up for you to figure out :) Thank you for your time to read this ~July <3

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RSI Divergence (chiefwils0n)Greetings All, This simple indicator is a stylistic modification of the original PulseWire Divergence indicator. I've enhanced the following: Styles RSI will turn RED when overbought and CYAN when oversold. CYAN presents an LONG opportunity, while RED is where I look for SHORT entries. Added background color to the the Oversold/Mid-Level and Overbought/Mid-Level. The idea is to go LONG when RSI is in the GREEN channel, and consider closing your position when RSI is the RED channel. Or, SHORT in the RED, and close your position in the GREEN. Hidden Divergences are styled with muted colors. Maroon is Hidden Bearish and Dark Green is Hidden Bullish. Regular Divergences have brighter labels with Red (Bearish) and Lime (Bullish). My logic is to bring attention to these divergences, since they are stronger than hidden divergences. Alerts: I also added the following alerts: Bullish Divergence Hidden Bullish Divergence Bearish Divergence Hidden Bearish Divergence RSI Overbought RSI Oversold' The alerts really distinguish this script for me. I hope you enjoy. Happy Trading!

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Divergence of Stocks Above MA50 v.s. US-Stock Market English: This indicator has been developed as an early warning tool to estimate the probability of correction in the US stock market. It works best in the daily chart. Function: 1.) "Index-line" The underlying stock index is converted to a scale between 0% and 100% based on its 52-week highs and lows. Where 100% is closing price at 52-week high and 0% is closing price at 52-week low. 2nd) "Stocks Above MA50". For each major stock index, there is an index that determines the percentage of stocks above its 50 moving average. For example, for the S&P 500, this is the S5FI. 3) "Divergence In an efficient market, both lines (index and number of stocks above the 50 MA) would run more or less in sync. A new high in the index would also mean a new high in the stocks trading above the 50 moving average. Often, however, a correction in the index is announced when the number of stocks trading above their 50 MA do not make a new, or even a lower, high while the underlying index marks a new high. The divergence signal measures this divergence of the indices. The higher the bar, the more pronounced the divergence. How to read the indicator? If a divergence occurs, then the stops should be tightened. As with any indicator, false signals can occur because a divergence does not automatically lead to a correction. The higher the divergence is indicated, the higher the probability. The strength of a correction cannot be predicted with the indicator. For which symbols does the indicator work? The indicator works exclusively for the following symbols: S&P500: SPX, SPY, ES1!, US500 Index above MA50: S5FI Russel2000: IWM, US2000, RTY1!, RUT, IWO Index above MA50: R2FI NASDAQ100: NDX, NAS100, NQ1!, US100, QQQ Index above MA50: NDFI NASDAQ: IXIC, ONEQ, QCN1!, NDAQ Index above MA50: NCFI NYSE: XAX, NYA Index above MA50: MMFI DowJones100: DJX, DJI, DIA, MYM1!, YM1! Index above MA50: DIFI DowJonesComp: DOW, IYY Index above MA50: DCFI Deutsch: Dieser Indikator ist als Frühwarninstrument zur Einschätzung der Korrekturwahrscheinlichkeit im US-Aktienmarkt entwickelt worden. Er funktioniert am besten im Tages-Chart. Funktion: 1.) „Index-line“ Der zugrunde liegende Aktienindex wird bezogen auf seine 52Wochen Hochs und Tiefs in eine Skala zwischen 0% und 100% umgerechnet. Dabei sind 100% Schlusskurs auf 52-Wochen Hoch und 0% Schlusskurs auf 52-Wochen Tief. 2.) „Stocks Above MA50“ Zu jedem Hauptaktienindex gibt es einen Index, der den Prozentwert der Aktien über Ihrem 50 gleitenden Durchschnitt ermittelt. Beim S&P 500 ist das z.B. der S5FI. 3.) „Divergence“ In einem effizienten Markt würden beide Linien (Index und Anzahl Aktien über dem 50 MA) mehr oder weniger synchron laufen. Ein neues Hoch im Index würde auch ein neues Hoch bei den Aktien, die über dem 50 gleitenden Durchschnitt notieren, bedeuten. Oft jedoch kündigt sich eine Korrektur im Index an, wenn die Anzahl der Aktien, die über ihrem 50 MA notieren kein neues, oder sogar ein niedrigeres Hoch machen, während der zu Grunde liegende Index ein neues Hoch markiert. Das Divergenz-Signal misst diese auseinanderlaufen der Indices. Je höher der Balken, umso stärker ist die Divergenz ausgeprägt. Wie ist der Indikator zu lesen? Wenn eine Divergenz auftritt, dann sollten die Stopps enger herangezogen werden. Es kann wie bei jedem Indikator zu Fehlsignalen kommen, da eine Divergenz nicht automatisch zu einer Korrektur führen muss. Die Wahrscheinlichkeit ist um so höher, je höher die Divergenz angezeigt wird. Die Stärke einer Korrektur kann mit dem Indikator nicht prognostiziert werden. Für welche Symbole funktioniert der Indikator? Der Indikator funktioniert ausschließlich für folgende Symbole: S&P500: SPX, SPY, ES1!, US500 Index über MA50: S5FI Russel2000: IWM, US2000, RTY1!, RUT, IWO Index über MA50: R2FI NASDAQ100: NDX, NAS100, NQ1!, US100, QQQ Index über MA50: NDFI NASDAQ: IXIC, ONEQ, QCN1!, NDAQ Index über MA50: NCFI NYSE: XAX, NYA Index über MA50: MMFI DowJones100: DJX, DJI, DIA, MYM1!, YM1! Index über MA50: DIFI DowJonesComp: DOW, IYY Index über MA50: DCFI

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[Lixx] MESA(EMA/SMA) and ROC(ROC/MESA) Take Profit Triggers This script uses the MESA EMA and SMA as well as the ROC/MESA cross to help find the take profit areas when trading divergences using market cipher or wavetrend. It is inspired by jordanfungs MESA indicator, however this one is different because it is not lagging in the signals. Hope you enjoy it, and make sure to backtest any strategy before you use it.

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by felixzeller343

RSI Div at Daily VWAP StDev 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. Signal criteria: 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 from Daily VWAP Config Options: - RSI length (default:14) - Divergence Lookback Period (default:14) - RSI Oversold/Overbought tresholds (default: 70/30) - RSI Reset Level (default: 55/45) - Use VWAP Std Dev (default: yes) - Standard Deviation from Daily VWAP (default: 1.51) Use with discretion.

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Divergence Indicator with alerts First time I've published a script so go easy! All credit goes to @yatrader2 for the script, I have just made it easier to set alerts on it. Enjoy!

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by petemartin95

[blackcat] L1 Blackcat Customized CCI Indicator Level: 1 Background This CCI indicator is blackcat customized version with enhanced features. Function This CCI use green line to indicate strong long trend with cci values > 0 and red line to indicate weak long trend with cci values <0. It also use yellow and fuchsia candles to present the strong and weak long trend. A green candle is used to indicate long entry, while a red candle is usded to indicate long flatten signal. Key Signal green line --> strong long trend red line --> weak long trend blue line --> trend strength indicator SELL label --> flatten long or short entry BUY label --> long entry TOPDIV label --> top divergence indicator BOTDIV label --> bottom divergence indicator Remarks Feedbacks are appreciated. Readme In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts. The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works. Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element. Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level. Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated. Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop. Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.

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by blackcat1402

MOVE/VXTLT Correlation Many know of the VIX for equity trading. Yet, many are unaware that there is the same kind of volatility measure for trading bonds, called the MOVE Index. "The Merrill Lynch Option Volatility Estimate (MOVE) Index is a yield curve weighted index of the normalized implied volatility on 1-month Treasury options which are weighted on the 2, 5, 10, and 30 year contracts." With this script one can see the the correlation and divergences between bonds and its volatility measure to make educated decisions in trading or hedging. The idea of this script comes from NicTheMajestic.

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by UnknownUnicorn1946597

TSI Strength Meter vs USD with divergence This indicator consists of two lines. One is a gray line (USD) and the asset indicator is green or red. The basis of this indicator is the true strength indicator (TSI) with parameters 5,15. Both line sets are based on a TSI (5,15). The lookback period is for new highs / new lows. Default value is 200 periods. GREEN/RED LINE The first that is green and red is whatever you choose to display ( BTC in this case). The green and red lines indicate going up or going down. GRAY LINE The gray line is the US Dollar . So everything is relative to that by default. ZERO LINE CROSSES These are momentum shifts. If you see a crossover of both around the zero line, its a good indication there is a change in momentum and a reversal of trend. NEW HIGHS NEW LOWS There are 4 new colors added to this indicator. For the asset you are viewing, a lime color means new highs within the lookback period. A new low is indicated by a yellow line color. The new lows for the USD are white for new lows within the lookback period and blue line for the new highs. DIVERGENCE You can also spot divergences easily. For example, if a lime color is seen on the indicator line, that means "new high" but if it occurs below the last "new high" it means the asset is going up to new highs but the indicator is showing us that the readings are below the previous new highs, indicating a negative divergence. The same goes for the yellow colored lines. higher yellows mean positive divergence. And with the US Dollar , blue lines dropping means a negative divergence in the US Dollar , while white lines moving up means a positive dollar divergence. INTERPRETATION Examples: If you see a green and sometimes red line of the asset indicator and a gray line that drops below the zero line; it may mean the asset is rising and the trend is up. If you see a green and red line below the zero line and with a gray line above the zero line , it indicates there is a negative trend. If you suddenly see blue lines on the USD, this means its hitting new lows. If these blue lines then start to slowly move downwards; then we have a positive divergence. If that were to be followed by the green line crossing the zero line, its a pretty good be that the trend is changing and its a very good buying oportunity.

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by SpreadEagle71

In-depth global business and economic analysis Comprehensive trading education and market insights