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INVITE-ONLY SCRIPT
Updated

TTP Hive

706
This indicator uses multiple indicators bearish divergences to find market tops.

Use with normal candles ideally on the daily chart.

Release Notes
Removing duplicate alert
Release Notes
- Backtestable
Release Notes
Replacing days for candles (wrong label)
Release Notes
Hive label in red to be able to distinguish between the bear and bull indicator versions when both present in the same chart
Release Notes
New feature: divergence count histogram. Enable it from settings and get an on-chart histogram of divergences. If the histogram is below the price the number of divergences is still below your specified count minimum. If above it means there are more divergences than your current threshold. Before the Hive fires a signal using your settings you'll be able to see how gradually the number of divergences start to stack up towards the expected count. By default is disabled.

Bonus: check the actual divergence count in any area of the chart from the TradingView data window.

Invite-only script

Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact TheTradingParrot directly.

Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

You can use this script by becoming a member of https://thetradingparrot.com/tiers

Warning: please read our guide for invite-only scripts before requesting access.

TheTradingParrot
Join our membership to gain access to the private scripts.
thetradingparrot.com
Also on:
Moving Average Convergence / Divergence (MACD)Relative Strength Index (RSI)Stochastic RSI (STOCH RSI)

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 TradingView. Read more in the Terms of Use.
Moving Average Convergence / Divergence (MACD)Relative Strength Index (RSI)Stochastic RSI (STOCH RSI)

Invite-only script

Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact TheTradingParrot directly.

Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

You can use this script by becoming a member of https://thetradingparrot.com/tiers

Warning: please read our guide for invite-only scripts before requesting access.

TheTradingParrot
Join our membership to gain access to the private scripts.
thetradingparrot.com
Also on:

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 TradingView. Read more in the Terms of Use.