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Candlestick analysis

HTF Control Shift CandlesHTF Control Shift Candles highlights reversal-type candles that show a decisive shift in market control between buyers and sellers. These candles are detected by measuring wick length relative to the entire range and the close’s position within that range. A bullish control shift occurs when a candle forms with a long lower wick and closes in the top portion of its range, showing strong rejection of lower prices and a buyer takeover. A bearish control shift occurs when a candle forms with a long upper wick and closes in the bottom portion of its range, showing rejection of higher prices and a seller takeover. Candles are automatically recolored for fast visual recognition, and alerts are built in so traders never miss a potential shift in control. This tool is specifically designed for 30-minute and higher timeframes, where control shift candles carry greater significance for swing and intraday setups. Inputs allow you to adjust wick percentage (wickPct) and body percentage (bodyPct) thresholds for different levels of sensitivity. For example, with wickPct = 0.5 and bodyPct = 0.3, a bullish control shift requires the lower wick to be at least 50% of the entire range and the close to finish in the top 30%. By tuning these values, traders can refine the detection for different volatility regimes or personal trading strategies. Bar Close Confirmation Only This indicator confirms signals only after the candle has closed. The calculation requires final values for open, high, low, and close, which are not fixed until the bar finishes forming. That means no mid-bar or intrabar repainting — alerts and highlights trigger only once the bar is complete. For example, if a candle temporarily has a long lower wick but closes back in the middle of its range, it will not be marked as a bullish control shift. This ensures accuracy by waiting for the final candle close before confirming that buyers or sellers truly maintained control. Control shift candles can be especially useful around liquidity sweeps, support/resistance zones, or after extended moves, as they often mark key turning points. A bullish control shift near demand may provide an early entry confirmation for longs, while a bearish control shift at supply may signal short opportunities or exits from longs. This makes the indicator a versatile tool for anticipating reversals, timing entries with precision, and filtering signals on higher timeframes where market structure shifts are most impactful.
Pine Script® indicator
by samb817
smc-vol ••• ahihiif bullish_pattern and showBreak label_y = low - (high - low) * label_distance / 100 label.new(bar_index, label_y, "BULLISH↑", color=color.new(color.green, 20), textcolor=color.white, style=label.style_label_up, size=size.normal) if bearish_pattern and showBreak label_y = high + (high - low) * label_distance / 100 label.new(bar_index, label_y, "BEARISH↓", color=color.new(color.red, 20), textcolor=color.white, style=label.style_label_down, size=size.normal) // Background highlight bgcolor(bullish_pattern ? color.new(color.green, 95) : na) bgcolor(bearish_pattern ? color.new(color.red, 95) : na)
Pine Script® indicator
by pro332
2-Rule Buy/Sell -JesseHow it works Runs (sets) of candles: The script groups contiguous bullish and bearish “sets.” Doji handling is configurable (exclude, join bears, or join bulls). Rule 1 (swing qualification): BUY: The last bearish candle before the first bullish must be the lowest of its run and lower than both the previous bullish set’s lows and the previous bearish set’s lows. SELL (mirror): The last bullish candle before the first bearish must be the highest of its run and higher than both the previous bearish set’s highs and the previous bullish set’s highs. Rule 2 (BOS confirmation): BUY: The first bullish candle must not trade below that last bear’s low and must close above a BOS level. BOS level = previous bullish set’s highest high; override to the last bear’s high if that high is higher than the previous bull highs. SELL (mirror): The first bearish candle must not trade above that last bull’s high and must close below a BOS level. BOS level = previous bearish set’s lowest low; override to the last bull’s low if that low is lower than the previous bear lows.
Pine Script® indicator
by JesseNancarrow
VRVP Visible Range Volume ProfileVRVP Visible Range Volume Profile A VRVP visible range volume distribution chart indicator. Key features include: Core Functionality Volume Distribution Histogram: Displays the volume distribution of price levels within the visible range of the chart Buy Volume Separation: Displays buy volume (green) and sell volume (red) in different colors POC Line: Displays the price level with the highest volume (Point of Control) Key Settings Width Adjustment: Controls the width of the histogram (10-100%) Grid Density: Sets the number of price intervals (20-100 lines) Color Customization: Adjusts the fill color and buy and sell volume color POC Line Configuration: Enables or disables the POC line, and adjusts its color, width, style, and label Technical Features Uses the traditional VRVP algorithm to ensure consistency with standard indicators Supports logarithmic and linear scale modes Automatically adapts to the visible range of the chart Optimized drawing performance to avoid object number limitations This indicator helps traders identify key support and resistance levels and areas of concentrated volume, making it a valuable tool in technical analysis.
Pine Script® indicator
by kuangyongjie
3
NeBlok Support & Resistances What this indicator does Plots four live horizontal levels based on recent extremes: 30-bar High (30H) and 30-bar Low (30L) 60-bar High (60H) and 60-bar Low (60L) Lines auto-update every bar as new highs/lows form. Right-edge price labels show the exact value of each line so you don’t need to read the scale. You can choose whether the lines extend to the right only (cleanest) or both directions (span the whole chart). Why 30 & 60 bars? They’re simple, robust “recent structure” windows: 30 bars ≈ short-term range 60 bars ≈ medium-term range Using both lets you see near vs. broader context at a glance (e.g., a 30-bar breakout that is still inside the 60-bar range). Inputs & what they do Lookback A (bars): default 30. Sets the window for the short-term high/low. Lookback B (bars): default 60. Sets the window for the medium-term high/low. Line width: cosmetic thickness of the lines. Extend direction: Right → draws rays to the right (minimal clutter, great for current trading). Both → spans full chart (nice for back-reading context). Line & label color: single color for lines and label background. Show right-side labels: toggle labels on/off. Label bars to the right: how far past the last candle the labels sit. Label pad (ticks): nudge labels slightly above highs / below lows so text isn’t covered by the line. How to read & trade the levels Use them as dynamic support/resistance: 1) Breakout play Long: Price closes above 30H → momentum breakout. Optional filter: Only take if price is also above 60H (stronger context). Risk: Stop just under 30H (or last swing low). Target: Partial at measured move or next HTF level; trail under 30H. Short: Price closes below 30L → downside breakout (mirror rules). 2) Range/Mean-reversion Inside the 60-bar range, treat 30H/30L as inner range edges: Fade probes into 30H with stops a few ticks beyond; target mid-range or 30L. If price tags 60H/60L, expect stronger reactions; use tighter stops and smaller size or wait for confirmation (e.g., rejection wick / close back inside). 3) Multi-frame confluence Keep the 60-bar levels as your context rails; then act when the 30-bar levels align (e.g., 30H breaks while price is already above 60H). 4) Trailing/risk management For longs, a simple rule: if price re-enters below 30H after a breakout, lighten or exit. For shorts, mirror with 30L. Setup & tips Add to chart → Paste the script into Pine Editor → Save → Add to chart. Set your lookbacks to match your timeframe and product: Intraday scalping (1–5m): 30/60 is a good default. Higher TF (15–60m): consider 50/100 or 100/200. Clean view: Use Extend: Right and keep labels on; it reduces clutter. Combine with a trigger: The lines define the area; your trigger can be: Close beyond a line Volume expansion Candle confirmation (e.g., engulfing after a tag) Your existing EMA/MACD logic Backtest visually: Switch to Extend: Both to see historical interactions quickly.
Pine Script® indicator
by James_Mason
Hedge Pressure Index (HPI)Hedge Pressure Index (HPI) Overview The Hedge Pressure Index (HPI) is a flow-aware indicator that fuses daily options Open Interest (OI) with intraday put/call volume to estimate the directional hedging pressure of market makers and dealers. It helps traders visualize whether options flow is creating mechanical buy/sell pressure in IWM, and when that pressure may be shifting. What HPI Shows Daily OI Baseline (white line): Net OI carried forward intraday (Put OI − λ × Call OI). Updated once daily before the open. Intraday Flow (teal line): Net put minus λ × call volume in real time. Smoothed to show underlying flow. Spread Histogram (gray): Divergence between intraday flow and daily OI. HPI Proxy Histogram (blue): Intraday hedge-pressure intensity. Strong extremes indicate heavy one-sided dealer hedging. Trading Signals Crossover: When intraday Volume line crosses above OI, it suggests bullish hedge pressure. When Volume line crosses below OI, it suggests bearish hedge pressure. Z-Score Extremes: HPI ≥ +1.5 → strong mechanical bid. HPI ≤ −1.5 → strong mechanical offer. Alerts: Built in for both crossovers and extreme readings. How to Use HPI 1. Confirmation Tool (recommended for most traders): Trade your usual price/technical setups. Use HPI as a confirmation: only take trades that align with the hedge pressure direction. 2. Flow Bias (advanced): Use HPI direction intraday as a standalone bias. Fade signals when the histogram mean-reverts or crosses zero. Best practice: Focus on the open and first 2 hours where hedging flows are most active. Combine with ATR/time-based stops. Inputs Demo Mode: If no OI/volume feed is set, the script uses chart volume for layout. λ (Call Weight): Adjusts how much call volume offsets put volume (default = 1.0). Smoothing Length: Smooths intraday flow line. Z-Score Lookback: Sets lookback window for HPI extremes. Custom Symbols: Daily Net OI (pre-open OI difference). Intraday Put Volume. Intraday Call Volume. Setup Instructions Add the indicator to an IWM chart. In Inputs, either keep Demo Mode ON (for layout) or enter your vendor’s Daily Net OI / Put Volume / Call Volume symbols. Set alerts for crossovers and strong HPI readings to catch flow shifts in real time. Optionally tune λ and smoothing to match your feed’s scale. Notes This is a proxy for dealer hedge pressure. For highest accuracy, replace the proxy histogram with gamma-weighted flow by strike/DTE when your data feed supports it. Demo mode is for visualization only; live use requires a valid OI and volume feed. Disclaimer This script is for educational and research purposes only. It is not financial advice. Options and derivatives carry significant risk. Always test in a demo environment before using live capital.
Pine Script® indicator
by Marketscope
IMB zones, alerts, 8 EMAs, DO lvlThis indicator was created to be a combined indicator for those who use DO levels, IMBs, and EMAs in their daily trading, helping them by providing a script that allows them to customize these indicators to their liking. Here you can set the IMBs, DO levels, and EMAs. Its special feature is that it uses alerts to indicate which IMB zones have been created, along with the invalidation line for the new potential IMB. The program always calculates the Daily Opening (DO) level from the opening of the broker, and you can set how many hours the line should be drawn. Help for use: There are 3 types of alerts: - Use the "Bullish IMB formed" alert if you are looking for Bull IMBs. - Use the "Bearish IMB formed" alert if you are looking for Bear IMBs. - Use the "Either IMB" alert if you are looking for Bull and Bear IMBs. Tip: Set the alert type "Once per bar close" if you do not want to set new alerts after an IMB is formed. IMBs: - Customizable IMB quantity (1-500 pcs) - Zone colors and borders can be customized - Potential IMB line can be customized EMAs: - You can set and customize 8 EMA lengths - Only the current and higher timeframe EMAs are displayed Daily Open Level: - Displays today's Daily Open level - Note: The DO level does not work in Replay mode Last OFR: "Show True OFR" checkbox added. It displays the latest OFR, and hides the old ones.
Pine Script® indicator
by csiakikm4
多空多周期面板(1/3/5/15/30m) · 难度1-9+加权投票+自适应 · 可行度% · 精准过滤版Multi-Timeframe Consensus Panel (1/3/5/15/30m) — Difficulty 1-9 · Weighted Votes · Adaptive · Confidence % What it does This indicator builds a consensus long/short signal across 1/3/5/15/30-minute charts. For each timeframe it computes a normalized oscillator (with signal line) and casts a vote when conditions are bullish/bearish. Votes are optionally weighted toward higher timeframes. A final score blends trend (EMA50/200), RSI gates, recent crosses, mid-band distance, slope, volatility (ATR%), S/R distance (pivot-based with ATR buffer), chop filter (ADX + mid-band), candle confirmation, and optional HTF bar-close confirmation. The result is a Long/Short triangle on the chart and an optional confidence % label. How to use Add to any symbol/timeframe. The top-right panel shows each TF’s state, crosses, votes, and filters. Choose Mode (Aggressive / Moderate / Conservative) and refine with Difficulty 1–9 (1 = loose, 9 = strict). Optionally adjust weights (give 15/30m more influence), Min Confidence %, S/R buffer (ATR), Chop/ADX, and Candle confirmation. Trade the Long (▲)/Short (▼) triangles that meet your confidence threshold; circle = near-miss continuation, diamond = trend re-entry. Use your own risk management (TP/SL) or a separate strategy. Key inputs Difficulty 1–9: linearly tightens OB/OS, votes needed, scoring, cool-down/hold bars, RSI gates, ATR% floor, slope, and mid-band gap. Weighted votes: favors higher TFs (editable w1–w5). Regime auto: in strong-trend (ADX + EMA slope) the score requirement is relaxed by one notch. Filters: S/R distance (pivot with ATR buffer), chop brake, candle body ratio & direction, HTF bar-close confirm (“None / At least one / Both”). Signals & confidence Final signals are shown only when confidence ≥ Min Confidence %. Confidence (10–100%) combines normalized score, weighted votes, and trend strength. Alerts (Chinese names in the UI; English meaning below) “多周期共识：多(增强)” – Consensus Long “多周期共识：空(增强)” – Consensus Short “近似命中补票：多/空” – Near-miss Long/Short “续势再入：多/空” – Trend Re-entry Long/Short Tip: for stability, set alerts Once per bar close when using HTF confirmation. Suggested presets ETH futures 5m: Mode = Moderate, Difficulty = 6–7, Min Confidence = 55–70%, HTF confirm = At least one, S/R buffer = 0.7–1.0 ATR. Want more signals? Lower Difficulty or Min Confidence; too noisy? Raise them and/or enable Chop filter. Notes MTF values are requested without look-ahead; pivot-based S/R waits for confirmation. Signals are generated on confirmed data, but—as with any MTF tool—manage orders on bar close to avoid intra-bar flicker. This is an indicator, not financial advice. Always pair with sound risk management.
Pine Script® indicator
by Yang66888
Tesla 3-6-9 Indicator (NY) – Free OnlyOverview The Tesla 3-6-9 indicator detects key numeric patterns based on hour + minute or minute-only digit sums in New York time, highlighting the results directly on your chart with: Colored candlesticks 🔺 Hour+Minute signals 🔻 Minute-only signals Vertical line at minute 45 Daily Tesla statistics table (Paid Version) This indicator is perfect for traders who want visual guidance for Tesla 3-6-9 patterns without manual calculations. Features Feature Free Version Paid Version Minute-only Tesla signals 🔻 ✅ ✅ Hour+Minute Tesla signals 🔺 ❌ ✅ Candlestick coloring ✅ ✅ (customizable colors) Vertical line at minute 45. ❌ ✅ Sound alerts ✅ ✅ Daily statistics table ❌ ✅ Symbol size & color customization. ✅ ✅ Ignore zero digits option ✅ ✅ How It Works Minute-only sum: Adds digits of the current minute and reduces to 3, 6, or 9. Hour + Minute sum: Adds digits of hour + minute, reduces to 3, 6, or 9. Candle colors: Automatically changes color when Tesla patterns are detected. Signals: 🔺 and 🔻 symbols appear above or below candles. Vertical line: Marks minute 45 (Paid Version). Daily stats table: Tracks Tesla signals per day (Paid Version). Customizable Settings Setting Description Show 🔺 Hour+Minute Symbols Toggle visibility of Hour+Minute signals Show 🔻 Minute-only Symbols Toggle visibility of Minute-only signals Symbol Size Adjust size of 🔺 and 🔻 symbols Candlestick Colors Customize bullish and bearish candle colors Tesla Colors Set custom colors for Hour+Minute and Minute-only candles Enable Sound Alerts Enable/disable sound alerts Show Vertical Line at Minute 45 Toggle vertical line visibility Line Color & Width Customize line appearance Hour+Minute priority Determines if Hour+Minute signals override Minute-only visually Installation Open TradingView Click Indicators → Invite-Only Scripts Search for Tesla 3-6-9 Indicator (NY) Add it to your chart and configure settings Subscription & Pricing Suggestions Free Version: Access to minute-only signals 🔻 as a teaser Paid Version: Full feature set (🔺 signals, vertical line, daily stats) Monthly Subscription: $10/month Offer trial period to attract new users Usage Tips Best used on 1-minute or 5-minute charts Works with any market symbol Track patterns visually without manual calculation Use the daily statistics table to analyze Tesla signal frequency
Pine Script® indicator
by adamsweden
Tesla 3-6-9 Highlight (NY) 45-15 + Vertical Line- proTesla 3-6-9 Pro/Free Demo (NY) – User Guide Overview This indicator is designed to detect the Tesla 3-6-9 numeric patterns based on hour + minute or minute-only sums in New York time. It helps traders visually spot key moments on the chart with colored candles, symbols, vertical lines, and daily statistics. Free Version: Shows minute-only signals 🔻. Paid Version: Adds Hour+Minute signals 🔺, vertical line at minute 45, daily stats table, and customizable visuals. Features Tesla 3-6-9 Calculations Hour + Minute: Calculates sum of digits of current hour + minute, reduces to 3, 6, or 9. Minute-only: Calculates sum of digits of current minute only. Candlestick Coloring Up/Down candles are colored by default (green/bearish black). Tesla patterns change the candle color (customizable). Option to prioritize Hour+Minute over Minute-only. Symbols 🔺 Hour+Minute Tesla signal. 🔻 Minute-only Tesla signal. Can enable/disable independently. Vertical Line Appears at minute 45 for Paid Version. Customizable color, width, and transparency. Alerts Optional sound alerts for both signal types. Daily Statistics Table showing number of Tesla signals per type for the day (Paid Version). Settings Explained Setting Description Ignore zero digits when summing Whether 0 is ignored in digit sums. Bullish Candle Color Color for up candles (default green). Bearish Candle Color Color for down candles (default black). Tesla Color (Hour+Minute) Candle color when Hour+Minute Tesla pattern is active. Tesla Color (Minute-only) Candle color when Minute-only Tesla pattern is active. Show 🔺 Hour+Minute Symbols Toggle visibility of 🔺 symbols. Show 🔻 Minute-only Symbols Toggle visibility of 🔻 symbols. Symbol Size Adjusts the size of the symbols. Enable Sound Alerts Plays sound alerts when Tesla patterns occur. Show Vertical Line at Minute 45 Toggle visibility of vertical line at 45th minute. Vertical Line Color Color of the vertical line. Vertical Line Transparency 0–255 transparency level for vertical line. Vertical Line Width Width of the vertical line. Hour+Minute priority over Minute-only Determines if Hour+Minute signals override Minute-only signals visually. Paid Version Features Enabled Enables all Paid Version features (table, vertical line, Hour+Minute signals). How to Use Add the script to your TradingView chart. Set Paid Version Features Enabled to true if you have access to the full version. Customize colors, symbols, and alerts to your preference. Watch for: 🔺 Hour+Minute signals 🔻 Minute-only signals Candlestick color changes Vertical line at minute 45 Daily Tesla statistics table (Paid Version) Monetization Tips If you plan to sell or share the Paid Version: Publish on TradingView: Paid version requires publishing as a protected indicator. Subscription Model: Offer monthly access to Paid Version. Free Version as Teaser: Let users try minute-only signals for free. Marketing: Highlight unique features: Accurate Tesla 3-6-9 pattern detection Customizable visuals and alerts Daily statistics table Vertical line for key minutes Features Feature Free Version Paid Version Minute-only Tesla signals 🔻 ✅ ✅ Hour+Minute Tesla signals 🔺 ❌ ✅ Candlestick coloring ✅ ✅ (customizable colors) Vertical line at minute 45 ❌ ✅ Sound alerts ✅ ✅ Daily statistics table ❌ ✅ Symbol size & color customization ✅ ✅ Ignore zero digits option ✅ ✅ Installation Open TradingView Click Indicators → Invite-Only Scripts Search for Tesla 3-6-9 Indicator (NY) Add it to your chart and configure settings Subscription & Pricing Suggestions Free Version: Access to minute-only signals 🔻 as a teaser Paid Version: Full feature set (🔺 signals, vertical line, daily stats) Monthly Subscription: $10/month Offer trial period to attract new users Usage Tips Best used on 1-minute or 5-minute charts Works with any market symbol Track patterns visually without manual calculation Use the daily statistics table to analyze Tesla signal frequency
Pine Script® indicator
by adamsweden
1
FVG Diamond📊 Overview FVG Diamond is an advanced indicator that detects three specific price action patterns: Inside Bar, Outside Bar, and Diamond Formation. Unlike basic FVG tools, it focuses on these higher-level setups for more precise analysis. ✨ Key Features 🎯 Detection of 3 Advanced FVG Pattern Types Independent on/off toggle for each pattern Inside FVG (Inside Bar / Harami): The body of the 3rd candle forms an inside bar relative to the 2nd candle Outside FVG (Outside Bar / Engulfing): The body of the 1st candle forms an outside bar relative to the 2nd candle Diamond FVG (Diamond Formation): A unique pattern that satisfies both Inside and Outside conditions 🎯 Mitigation Feature ON: FVG boxes are automatically removed once price fully fills the FVG zone (keeps the chart clean by showing only active FVGs) OFF: FVG boxes remain on the chart indefinitely (allows full historical review of all FVGs) 🎨 Visual Features Color Coding: Assign unique colors to each pattern type Transparency Control: Default 70% transparency for optimal readability Extension Display: Extend the right edge of FVG boxes for any number of bars ⚙️ Advanced Configuration Threshold Settings Manual Threshold: Define a minimum gap size by percentage Auto Threshold: Dynamically adjusts based on market volatility Mitigation Tools Real-Time Mitigation: Automatic removal when price fills an FVG zone Mitigation Levels: Display filled FVG levels with dashed lines 🔔 Alerts Notification on new Bullish/Bearish FVG detection Notification when an FVG is mitigated (filled) Works with all FVG types 📈 How to Use Add the indicator to your chart The three advanced FVG patterns will be detected and displayed automatically Set your preferred threshold (0% = detect all gaps) ⚠️ Note: This indicator is designed as an analysis support tool. Trading decisions should be made in combination with other methods of technical and fundamental analysis. Author: omochi_ Version: 1.0 Last Updated: September 28, 2025
Pine Script® indicator
by omochi_
Shamji's Liquidity Sweep + FVG (Follow-up + Filters) Purpose (what it does) This indicator looks for two related price structures used by many smart-money / liquidity-hunt traders: Liquidity Sweeps — candles that wick beyond a recent swing high (for buy-side stop-hunts) or swing low (for sell-side stop-hunts), then close back inside. These are flagged as potential stop-hunt events that clear obvious liquidity. Fair Value Gaps (FVGs) — simple 3-bar style gaps where an older bar’s high is below the current low (bullish FVG) or an older bar’s low is above the current high (bearish FVG). When an FVG appears after a sweep (within a configurable window), this is considered a follow-up alignment. The script adds optional filters (volume spike and candle-range vs ATR) to increase confidence, and can restrict marking/alerts to only events that meet the follow-up and filter rules.
Pine Script® indicator
by shiyamsunder87
Turning Point IndicatorIntroduction This is a powerful technical analysis indicator designed to detect divergences between multiple technical indicators and price. It can monitor up to 10 different technical indicators simultaneously, helping traders identify potential price reversal signals. Key Features Multi-Indicator Support: Simultaneously detect divergences across multiple indicators, including MACD, RSI, Stochastics, CCI, Momentum, OBV, VW-MACD, CMF, and MFI. Dual Divergence Type: Supports both regular and hidden divergences. Smart Filtering: Set a minimum number of divergences to filter out weak signals. Visual Display: Clearly displays divergence locations and related indicators using connecting lines and labels. Flexible Configuration: Supports a variety of display options and color customization. Core Features: Divergence Detection Regular Divergence: When prices reach new highs/lows but indicators haven't confirmed them, it signals a possible trend reversal. Hidden Divergence: When prices pull back but indicators show a trend continuation, it signals a possible trend continuation. How to Use: Add Indicator: Apply the script to a chart. Configure Parameters: Adjust parameters such as the pivot point period and the maximum number of candlesticks to detect as needed. Select Indicator: Enable or disable divergence detection for specific technical indicators in the settings. Watch Signal: Displays a signal on the chart when a sufficient number of divergences are detected. Connecting Lines and Labels Parameter Description Pivot Point Period: Defaults to 5, used to identify highs and lows Minimum Divergences: Defaults to 1, sets the minimum number of divergences required to trigger a signal Maximum Pivot Points: Defaults to 10, limits the detection range Maximum Candlesticks Detected: Defaults to 100, controls the number of candlesticks detected forward Signal Interpretation Bottom Label (upward arrow): Positive divergence, a possible buy signal Top Label (downward arrow): Negative divergence, a possible sell signal Connecting Line Color: Cyan: Positive regular divergence Purple: Negative regular divergence Green: Positive hidden divergence Red: Negative hidden divergence Usable Scenarios Trend Reversal Point Identification Entry and Exit Timing Multi-Time Frame Analysis Risk Management and Stop-Loss Setting Notes Divergence signals should be used in conjunction with other analysis methods. It is recommended to use them on longer time frames for better accuracy. Setting an appropriate minimum number of divergences can reduce false signals. Indicator sensitivity may vary under different market conditions.
Pine Script® indicator
by Dr_lei