Oscillator Divergence Histogram Setup
Identify Divergences on 6 oscillators simultaneously.
From the bottom up.
0 to 1 (black):
1 to 2 (green): Elders
2 to 3 (blue):
3 to 4 (purple):
4 to 5 (red):
5 to 6 (orange):
You can change the identification of the divergence in the settings and use the Oscillator Divergences indicator to visually see them when testing.
This detects the following divergences between price and the oscillator.
Regular Divergence: Price lower low | Oscillator higher low
Regular Divergence: Price higher high | Oscillator lower high
Hidden Divergence: Price higher low | Oscillator lower low
Hidden Divergence: Price lower high | Oscillator higher high
Early warning alert system. This identifies a developing divergence and can be used to set alerts.
Hidden Bearish: Light brown
Hidden Bullish: Light green
Developing early warning are lighter shades of the above.