PPO Divergence Alerts 2.0

3914 21
This is basically the same code as my other PPO Divergence indicator expect it overlays the signal on the candles, rather than needing the oscillator. I'm keeping the old version, as I'm sure people will prefer it, but this version takes up less screen real estate.
Release Notes: - Fixed an issue with lag, thanks to @ClicksThree who spotted it
- Also made the top/bottom arrrows show by default
Remove from Favorite Scripts Add to Favorite Scripts
How should you trade with this indicator? Buy/sell indicators appear into past and disappear if the call was not correct. It is relatively easy to point out to past where it would've been good time to go either short or long even without any indicators.

I tried with 1 hour chart, maybe it's more useful on shorter timeframes?
hey man, what's the reason for the offset=-1 for the top/bottom signal? won't this just cause the signal to be printed on the previous candle and therefore make it impossible entries? I asked this question in the Pekipak script too but I have a feeling that he isn't monitoring it anymore since its been several years... Thanks!
scarf pmcrypto
@pmcrypto, They're designed to show the tops and bottoms of the PPO as it waves up down, and it's not possible to know if something is the top/bottom until the following bar. Not sure why it would make an entry impossible though?
@scarf, Thanks man. Impossible is too strong of a word. I was just trying to convey that there would be a delay from when the signal is given to when you would be able to react to it since the signal is being put on the previous candle. anyway, thanks again for the explanation!
how to set an alert? please help.
Thanks for the wonderful indicator scarf...Is there any way we can run some scanner which shows only stocks signalled divergence real time or EOD basis?
scarf sanyogsingh
@sanyogsingh, It's not possible to use custom code in the Stock Screener but if you have a Pro Plus or Premium Tradingview account you can manually set up alerts on plenty of stocks, you just need to do each one individually
Why the green dots (triangles) are always at the lowest points?.. i thought it was the other way around... could you please explain that?.. thanks heaps btw!!.. i've been testing the indicator and seems works great
scarf diegoweichafe
@diegoweichafe, Red means go short, green means go long. I realise some people prefer it the other way but you can change the colours in the settings so easy to adapt. Glad you're enjoying the indicator
Thank you for making this an overlay indicator. Two things I`ve noticed 1. there a bit of a lag between the original Pekipek`s indicator 2. I don`t get all the bottom and top alerts, i.e. on Oil.
Are you aware of this ?

Thanks M
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out