JustUncleL

Price Divergence Detector V3 revised by JustUncleL

This is a revised version of the original "Price Divergence Detector by RicardoSantos".
Description:
Price Divergence detection for various methods : RSI , MACD , STOCH , VOLUME , ACC-DIST, FISHER, CCI , BB %B and Ehlers IdealRSI. Both Hidden and Regular Divergences are detected.

Mofidifications:
Revision 3.0 by JustUncleL
  • Added option to disable/enable Hidden and Regular Divergence
  • Added new divergence method BB %B (close only)
  • Added new divergence mothos Ehlers IdealRSI (close only)

Revision 2.0 - by RicardoSantos

References:
Information on Divergence Trading:
  • http://www.babypips.com/school/high-school/trading-divergences
  • http://www.incrediblecharts.com/indicators/bollinger_percentage_b_band_width.php (BB %B)

Aug 02
Release Notes: Updated to Revision 3 of Pinescript
Updated with some RicardoSantos version 2.022 revisions.
Aug 03
Release Notes: ..
Added Elders Force Index method.
Other small changes.
Aug 19
Release Notes: 3.2 Update
  • Added Trend Volume Accumulation, this option really works only well with Renko and HA candles. You have the option to use EMA for trend direction change instead of candle bull/bear direction.
  • NOTE: Trader discretion is required to manually filter out invalid Divergence, there is no account made for the length of each trend when comparisons are made.
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JustUncleL

Comments

Hi,
I'm a bit unclear on what the 'R' and the 'H' stand for. Could anybody explain what those imply? I'm trying to use this for RSI divergence.
+5 Reply
@iper404, They stand for Regular and Hidden divergence markers.
+1 Reply
I need script can alert every time signal R + H appear, Can you help me sort out it ?
+3 Reply
egsand diemtuvongoc
@diemtuvongoc, i can do that for this and other indicators
Reply
Very nice!

How can i make it show each divergences at the same time? currently you can only choose one indicator at a time
+2 Reply
Here is a link to the original R2 release by RicardoSantos:
+2 Reply
justinj54 JustUncleL
@JustUncleL, hello is there alerts added to this script for bullish and bearish divergence?
Reply
JustUncleL justinj54
@justinj54, None currently
Reply
MDicko123 JustUncleL
@JustUncleL, Is there any way to add any alerts. Is there a simple addition to add to the script maybe? Thanks
Reply
Hello.

I like this script.
Thank you very much for making this script.

Sometimes i notice there is divergence which is not recognized by the script, for example :


Thank you.
+1 Reply
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