LonesomeTheBlue

Divergence Histogram for Many Indicator

Hello Traders,

This script analyses divergences for 11 predefined indicators and then draws column on the graph. Red columns for negatif divergence (means prices may go down or trend reversal), Lime columns for positive divergences (means prices may go up or trend reversal)

The script uses Pivot Points and on each bar it checks divergence between last Pivot Point and current High/Low and if it finds any divergence then immediately draws column. There is no Latency/Lag.

There are predefined 11 indicators in the script, which are RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, Diosc, VWMACD, CMF and MFI .

Smaller Pivot Point Period check smaller areas and if you use smaller numbers it would be more sensitive and may give alerts very often. So you should set it accordingly.

There is "Check Cut-Through in indicators" option, I recomment you to enable it. it checks that there is cut-through in indicators or not, if no cut-through then it's shown as valid divergence.


You should see following one as well if you haven't yet:


Enjoy!
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Comments

hello @LonesomeTheBlue what is the difference of this one with another divergence indicator V3 you created? I'm a bit confused looking at both and they are different.
Which one works better for swing trading in hourly up to daily timeframe? Thank you :)
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how can I set on my trading view?
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What's the difference between this one and your other one that has v3 in its title?
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how do you create an alert for this script?
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ERROR DISPLAY SIR
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I'm not able to see the lines on the chart itself? Are these enabled somehow? Thanks
Reply
@JoeFlahive, if there is no divergence then no lines
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JoeFlahive LonesomeTheBlue
@LonesomeTheBlue, I have looked on many charts :/ I can see the columns below but no horizontal lines on the chart :/
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statquo126b JoeFlahive
@JoeFlahive, im having the same problem
Reply
LonesomeTheBlue statquo126b
@statquo126b, @JoeFlahive you need to load following indicator (divergence for many indicator)

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