OPEN-SOURCE SCRIPT
Updated Stochastic Divergence Strategy
Background bars:
Bearish
gradient from slightly bearish divergence to strong bearish divergence for red and a double bounce for pink
Bullish
gradient from slightly bearish divergence to strong bearish divergence for green and a double bounce for yellow
removable buy and sell signals in options
Bearish
gradient from slightly bearish divergence to strong bearish divergence for red and a double bounce for pink
Bullish
gradient from slightly bearish divergence to strong bearish divergence for green and a double bounce for yellow
removable buy and sell signals in options
Release Notes
Color certain candles to have bearish or bullish divergencegreen gradient is bullish divergence.
Yellow if double dip strong bullish divergence
red gradient is bearish divergence
pink if double tip strong bearish divergence
Release Notes
Determines bullish and bearish divergenceThe brighter the red the stronger the bearish divergence - white order means double tip divergence
The brighter the green the stronger the bullish divergence - white border means double dip divergence
Release Notes
bullish and bearish divergence based on red and green candles. white box is super signalOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.