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Updated GMN Divergence V.4
User Manual: GMN Divergence V.1 (Hunter Edition)
Overview The GMN Divergence V.2 indicator is designed to identify Reversal points and Continuation points. It utilizes multi-layer signal filtering to ensure maximum accuracy, making it suitable for both Scalping and Swing Trading.
1. PRO FILTERS (Smart Signal Filtering)
This section filters Divergence signals to reduce False Signals.
Mechanism:
Time Filter: The system counts the number of candlesticks after the price touches the Premium or Discount zones. If the signal appears too late (momentum has faded), the system will not display it.
Slope Filter: Checks the slope of the RSI to ensure there is a sufficiently sharp reversal.
Settings:
Enable Time Window: Select "True" to enable.
Must occur within (bars): Recommended value: 10-15 bars (any longer is considered too late).
Enable RSI Slope: Select "True" to enable.
Min Slope: Recommended value: 2.0 (Higher values result in fewer but more accurate signals).
2. ALERT SETTINGS
Used to connect with the TradingView Alert system for mobile or email notifications.
Settings:
Enable Divergence Alert: Alerts when Regular Divergence occurs (BULL+/BEAR+).
Enable Hidden Divergence Alert: Alerts when Hidden Divergence occurs (H-BULL/H-BEAR).
Enable Zone Entry Alert: Alerts when price touches the Premium or Discount lines.
3. EMA SQUAD (4 Moving Averages)
A set of Moving Average lines to determine the main trend, support, and resistance.
Mechanism:
EMA 20 (Red): Short-term trend.
EMA 50 (Yellow): Medium-term trend.
EMA 100 (Green): Long-term trend.
EMA 200 (Blue): Main trend divider (Uptrend/Downtrend).
Settings:
Enable All EMAs: Check to display lines on the chart.
4. TREND BIAS SETTINGS (H1 Trend Compass)
Identifies trend direction based on the 1-Hour (H1) Timeframe to control trading direction.
Mechanism:
System checks conditions in H1: Price is above EMA 50 and RSI is greater than 50.
BULLISH (Green): Bull Market (Focus on Buy).
BEARISH (Red): Bear Market (Focus on Sell).
Settings:
Enable H1 Trend Bias: Select to calculate and display on the Dashboard.
5. AUTO FIBONACCI (Natural Support/Resistance)
Automatically draws Fibonacci Retracement lines based on recent Highs and Lows.
Mechanism:
Gold Line (0.618): The "Golden Pocket," representing the point with the highest reversal probability.
Grey Lines: Standard Fibonacci levels (0.236, 0.382, 0.5, 0.786).
Settings:
Enable Auto Fibo: Must select "True" to display lines.
Fibo Lookback: Recommended value: 24 (Lookback period to find peaks).
6. PDE PERCENTAGE LINES (Valuation Zones)
Statistical price channels to indicate whether the current price is cheap or expensive.
Mechanism:
Premium Zone (Orange Dashed Line): Top zone (90%) = Expensive (Focus on Sell opportunities).
Equilibrium (Grey Solid Line): Middle zone (50%) = Average/Fair price.
Discount Zone (Green Dashed Line): Bottom zone (10%) = Cheap (Focus on Buy opportunities).
Settings:
Lookback Length: Recommended value: 100.
7. DIVERGENCE SETTING (Reversal Settings)
The main section for calculating Reversal Signals.
Mechanism:
Bullish Divergence (BULL+): Price makes a Lower Low, but RSI makes a Higher Low.
Bearish Divergence (BEAR+): Price makes a Higher High, but RSI makes a Lower High.
(Uses RSI 14 for calculation to ensure accuracy).
Settings:
RSI Length: 14
Pivot Left / Right: 6 / 1 (Standard values for short-to-medium term trading).
Lookback Range: 45
8. HIDDEN DIVERGENCE (Trend Continuation Settings)
Calculates signals to trade with the existing trend (Trend Continuation).
Mechanism:
H-BULL (Teal): Occurs in an Uptrend. Price dips, but RSI dips lower = Buy the Dip.
H-BEAR (Maroon): Occurs in a Downtrend. Price bounces, but RSI bounces higher = Sell the Bounce.
Settings:
Enable Hidden Divergence: Check to display signals.
9. WHALE ACTIVITY (Volume Analysis)
Detects anomalies in Volume and Candle Size (VSA - Volume Spread Analysis).
Mechanism:
Displays a "Purple X" symbol under the candlestick.
Condition: Occurs when Volume is 1.5x higher than normal, but the candle size is abnormally small.
Meaning: Watch out for a potential Reversal or Accumulation by big players (Whales).
Settings:
Vol Factor: Recommended value: 1.5.
10. DASHBOARD (Market Data)
A summary table of market status located at the top right corner of the chart.
How to read:
GMN Hunter: Displays Divergence status in other Timeframes (1M, 5M, 15M, 1H).
H1 Trend Bias: Main trend direction (Bullish/Bearish).
ADX: Trend Strength (>25 = Trending, <25 = Sideways).
RSI (14): Current RSI value.
Stoch (9, 3, 3): Fast Stochastic value (used for short-term swing cycles).
ATR: Average Volatility (used for setting Stop Loss).
Disclaimer: No indicator is 100% accurate. This tool is designed to assist in analysis and alert opportunities only. Users should apply Money Management and set a Stop Loss for every trade.
Overview The GMN Divergence V.2 indicator is designed to identify Reversal points and Continuation points. It utilizes multi-layer signal filtering to ensure maximum accuracy, making it suitable for both Scalping and Swing Trading.
1. PRO FILTERS (Smart Signal Filtering)
This section filters Divergence signals to reduce False Signals.
Mechanism:
Time Filter: The system counts the number of candlesticks after the price touches the Premium or Discount zones. If the signal appears too late (momentum has faded), the system will not display it.
Slope Filter: Checks the slope of the RSI to ensure there is a sufficiently sharp reversal.
Settings:
Enable Time Window: Select "True" to enable.
Must occur within (bars): Recommended value: 10-15 bars (any longer is considered too late).
Enable RSI Slope: Select "True" to enable.
Min Slope: Recommended value: 2.0 (Higher values result in fewer but more accurate signals).
2. ALERT SETTINGS
Used to connect with the TradingView Alert system for mobile or email notifications.
Settings:
Enable Divergence Alert: Alerts when Regular Divergence occurs (BULL+/BEAR+).
Enable Hidden Divergence Alert: Alerts when Hidden Divergence occurs (H-BULL/H-BEAR).
Enable Zone Entry Alert: Alerts when price touches the Premium or Discount lines.
3. EMA SQUAD (4 Moving Averages)
A set of Moving Average lines to determine the main trend, support, and resistance.
Mechanism:
EMA 20 (Red): Short-term trend.
EMA 50 (Yellow): Medium-term trend.
EMA 100 (Green): Long-term trend.
EMA 200 (Blue): Main trend divider (Uptrend/Downtrend).
Settings:
Enable All EMAs: Check to display lines on the chart.
4. TREND BIAS SETTINGS (H1 Trend Compass)
Identifies trend direction based on the 1-Hour (H1) Timeframe to control trading direction.
Mechanism:
System checks conditions in H1: Price is above EMA 50 and RSI is greater than 50.
BULLISH (Green): Bull Market (Focus on Buy).
BEARISH (Red): Bear Market (Focus on Sell).
Settings:
Enable H1 Trend Bias: Select to calculate and display on the Dashboard.
5. AUTO FIBONACCI (Natural Support/Resistance)
Automatically draws Fibonacci Retracement lines based on recent Highs and Lows.
Mechanism:
Gold Line (0.618): The "Golden Pocket," representing the point with the highest reversal probability.
Grey Lines: Standard Fibonacci levels (0.236, 0.382, 0.5, 0.786).
Settings:
Enable Auto Fibo: Must select "True" to display lines.
Fibo Lookback: Recommended value: 24 (Lookback period to find peaks).
6. PDE PERCENTAGE LINES (Valuation Zones)
Statistical price channels to indicate whether the current price is cheap or expensive.
Mechanism:
Premium Zone (Orange Dashed Line): Top zone (90%) = Expensive (Focus on Sell opportunities).
Equilibrium (Grey Solid Line): Middle zone (50%) = Average/Fair price.
Discount Zone (Green Dashed Line): Bottom zone (10%) = Cheap (Focus on Buy opportunities).
Settings:
Lookback Length: Recommended value: 100.
7. DIVERGENCE SETTING (Reversal Settings)
The main section for calculating Reversal Signals.
Mechanism:
Bullish Divergence (BULL+): Price makes a Lower Low, but RSI makes a Higher Low.
Bearish Divergence (BEAR+): Price makes a Higher High, but RSI makes a Lower High.
(Uses RSI 14 for calculation to ensure accuracy).
Settings:
RSI Length: 14
Pivot Left / Right: 6 / 1 (Standard values for short-to-medium term trading).
Lookback Range: 45
8. HIDDEN DIVERGENCE (Trend Continuation Settings)
Calculates signals to trade with the existing trend (Trend Continuation).
Mechanism:
H-BULL (Teal): Occurs in an Uptrend. Price dips, but RSI dips lower = Buy the Dip.
H-BEAR (Maroon): Occurs in a Downtrend. Price bounces, but RSI bounces higher = Sell the Bounce.
Settings:
Enable Hidden Divergence: Check to display signals.
9. WHALE ACTIVITY (Volume Analysis)
Detects anomalies in Volume and Candle Size (VSA - Volume Spread Analysis).
Mechanism:
Displays a "Purple X" symbol under the candlestick.
Condition: Occurs when Volume is 1.5x higher than normal, but the candle size is abnormally small.
Meaning: Watch out for a potential Reversal or Accumulation by big players (Whales).
Settings:
Vol Factor: Recommended value: 1.5.
10. DASHBOARD (Market Data)
A summary table of market status located at the top right corner of the chart.
How to read:
GMN Hunter: Displays Divergence status in other Timeframes (1M, 5M, 15M, 1H).
H1 Trend Bias: Main trend direction (Bullish/Bearish).
ADX: Trend Strength (>25 = Trending, <25 = Sideways).
RSI (14): Current RSI value.
Stoch (9, 3, 3): Fast Stochastic value (used for short-term swing cycles).
ATR: Average Volatility (used for setting Stop Loss).
Disclaimer: No indicator is 100% accurate. This tool is designed to assist in analysis and alert opportunities only. Users should apply Money Management and set a Stop Loss for every trade.
Release Notes
GMN Divergence V.4 User Manual (Official)GMN Divergence V.4 is an All-in-One trading tool designed to "Catch Reversals" and "Identify Trend Continuation Entries." It combines Smart Money Concepts (SMC) with Divergence signals and advanced filtering tools, allowing users to visualize price structures and institutional footprints easily on a single screen.
1. Main Interface Components (Dashboard & Interface)
Upon activation, the most prominent features are the "Matrix Dashboard" and the "On-Chart Signals."
1.1 Matrix Dashboard
An intelligent table displaying market status across 4 Timeframes simultaneously (e.g., 1M, 5M, 15M, 1H), eliminating the need to switch screens constantly.
GMN Hunter (Signal Channel):
Green (BULL): Reversal Up Signal.
Red (BEAR): Reversal Down Signal.
Teal (H-BULL): Trend Continuation Up Signal – Recommended for "Dip Buying."
Maroon (H-BEAR): Trend Continuation Down Signal – Recommended for "Bounce Selling."
RSI: Indicates price momentum strength.
Red (>70): Overbought – Watch for potential sell-off.
Green (<30): Oversold – Watch for potential rebound.
Stoch: Used for short-term cycles. Red = Top zone (prepare to drop), Green = Bottom zone (prepare to rise).
ADX: Indicates Trend Status.
TREND (Orange): Strong trend present (Good for trend following).
SIDEWAY (Grey): Market is ranging (Good for scalping within bounds).
PDE %: Indicates current price position relative to the High-Low range of the past 100 bars.
90-100% (Gold): Premium Zone (Expensive) – Focus on Selling.
0-10% (Green): Discount Zone (Cheap) – Focus on Buying.
✨ New Feature in V.4: You can now toggle ON/OFF specific Timeframe rows in the settings menu to keep the dashboard compact and clean.
2. Reading Chart Signals
The system automatically draws lines and labels signals when all conditions are met.
2.1 Reversal Signals (Regular Divergence)
Used to catch tops and bottoms.
BULL+ Label (Green): Price makes a Lower Low, but RSI makes a Higher Low = Selling pressure is exhausted, prepare for a Reversal Up.
BEAR+ Label (Red): Price makes a Higher High, but RSI makes a Lower High = Buying pressure is exhausted, prepare for a Reversal Down.
2.2 Trend Signals (Hidden Divergence) – Key Highlight
Used for entering trades during a pullback in the main trend (Retracement Entry).
H-BULL Label (Teal): Uptrend context. Price dips, but RSI dips lower than the previous low = Hidden Bull (Buy the Dip).
H-BEAR Label (Maroon): Downtrend context. Price bounces, but RSI bounces higher than the previous high = Hidden Bear (Sell the Bounce).
3. Special Support Tools (Smart Tools)
3.1 Whale Activity (Institutional Footprints)
Observe the small triangles on candlesticks.
Green Triangle: Abnormal buying pressure against the candle direction (Accumulation).
Orange Triangle: Abnormal selling pressure against the candle direction (Distribution).
Usage Tip: High accuracy when occurring at Support/Resistance lines combined with Divergence signals.
3.2 Auto Fibonacci (Auto Support/Resistance)
The system automatically draws Fibonacci Retracement lines from the latest Swing High/Low.
Gold Line (Golden Pocket 0.618): The most significant reversal point. If price retraces to this line with a reversal signal, it is considered a high-quality entry.
3.3 PDE Lines (Valuation Zones)
Orange Dashed Line (Premium): Expensive Zone. Do not chase Buy orders here.
Grey Solid Line (Equilibrium): Fair Value. Often acts as a resting point or short-term Take Profit level.
Green Dashed Line (Discount): Cheap Zone. Do not chase Sell orders here.
4. Trading Strategy for Beginners (Step-by-Step)
For safety and accuracy, follow these steps:
For Uptrend (Buy Signal):
Check Trend: Price should be above the Equilibrium line or long-term EMA.
Wait for Signal: Wait for BULL+ (in Discount Zone) or H-BULL (during trend).
Confirmation: Check if the price aligns with Fibo Support or if a Green Whale Activity triangle appears.
Entry: Enter trade upon the close of the signal candle.
For Downtrend (Sell Signal):
Check Trend: Price should be below the Equilibrium line or long-term EMA.
Wait for Signal: Wait for BEAR+ (in Premium Zone) or H-BEAR (during trend).
Confirmation: Check if the price aligns with Fibo Resistance or if an Orange Whale Activity triangle appears.
Entry: Enter trade upon the close of the signal candle.
5. Settings
Users can customize settings by clicking the gear icon on the Indicator:
Smart Filters: Enable Time Filter or Slope Filter to reduce false signals.
Matrix Dashboard: Choose dashboard position and toggle visible Timeframes (1-4 rows).
Visuals: Toggle Fibo, Whale, or PDE Lines ON/OFF based on preference.
⚠️ Disclaimer: No indicator is 100% accurate. This tool is designed to assist in analysis and alert opportunities only. Users must apply Money Management and set a Stop Loss for every trade.
Release Notes
⚠️ Disclaimer: No indicator is 100% accurate. This tool is designed to assist in analysis and alert opportunities only. Users must apply Money Management and set a Stop Loss for every trade.Release Notes
⚠️ Disclaimer: No indicator is 100% accurate. This tool is designed to assist in analysis and alert opportunities only. Users must apply Money Management and set a Stop Loss for every trade.Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.