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TheTradingParrot

TTP Hive

TheTradingParrot Updated   
Relative Strength Index (RSI) Stochastic RSI (STOCH RSI) Moving Average Convergence / Divergence (MACD)
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relativestrengthindex stochasticrsi macd
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.
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Invite-only script

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Author's instructions

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

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