Bollinger Band ToolkitBollinger Band Toolkit
An advanced, adaptive Bollinger Band system for traders who want more context, precision, and edge.
This indicator expands on the classic Bollinger Bands by combining statistical and volatility-based methods with modern divergence and squeeze detection tools. It helps identify volatility regimes, potential breakouts, and early momentum shifts โ all within one clean overlay.
๐น Core Features
1. Adaptive Bollinger Bands (ฯ + ATR)
Classic 20-period bands enhanced with an ATR-based volatility adjustment, making them more responsive to true market movement rather than just price variance.
Reduces โoverreactingโ during chop and avoids bands collapsing too tightly during trends.
2. %B & RSI Divergence Detection
๐ข Green dots: Positive %B divergence โ price makes a lower low, but %B doesnโt confirm (bullish).
๐ด Red dots: Negative %B divergence โ price makes a higher high, but %B doesnโt confirm (bearish).
โ Red/green crosses: RSI divergence confirmation โ momentum fails to confirm the priceโs new extreme.
These signals highlight potential reversal or slowdown zones that are often invisible to the naked eye.
3. Bollinger Band Squeeze (with Volume Filter)
Yellow squares (โ ) show periods when Bollinger Bands are at their narrowest relative to recent history.
Volume confirmation ensures the squeeze only triggers when both volatility and participation contract.
Often marks the โcalm before the stormโ โ breakout potential zones.
4. Multi-Timeframe Breakout Markers
Optionally displays breakouts from higher or lower timeframes using different colors/symbols.
Lets you see when a higher timeframe band break aligns with your current chart โ a strong trend continuation signal.
5. Dual- and Triple-Band Visualization (ยฑ1ฯ, ยฑ2ฯ, ยฑ3ฯ)
Optional inner (ยฑ1ฯ) and outer (ยฑ3ฯ) bands provide a layered volatility map:
Price holding between ยฑ1ฯ โ stable range / mean-reverting behavior
Price riding near ยฑ2ฯ โ trending phase, sustained momentum
Price touching or exceeding ยฑ3ฯ โ volatility expansion or exhaustion zone
This triple-band layout visually distinguishes normal movement from statistical extremes, helping you read when the market is balanced, expanding, or approaching its limits.
โ๏ธ Inputs & Customization
Choose band type (SMA/EMA/SMMA/WMA/VWMA)
Adjust deviation multiplier (ฯ) and ATR multiplier
Toggle individual features (divergence dots, squeeze markers, inner bands, etc.)
Multi-timeframe and colour controls for advanced users
๐ง How to Use
Watch for squeeze markers followed by a breakout bar beyond ยฑ2ฯ โ volatility expansion signal.
Combine divergence dots with RSI or price structure to anticipate slowdowns or reversals.
Confirm direction using multi-timeframe breakouts and volume expansion.
๐ฌ Why It Works
This toolkit transforms qualitative chart reading (tight bands, hidden divergence) into quantitative, testable conditions โ giving you objective insights that can be backtested, coded, or simply trusted in live setups.
Search in scripts for "Divergence"
cd_indiCATor_CxGeneral:
This indicator is the redesigned, simplified, and feature-enhanced version of the previously shared indicators:
cd_cisd_market_Cx, cd_HTF_Bias_Cx, cd_sweep&cisd_Cx, cd_SMT_Sweep_CISD_Cx, and cd_RSI_divergence_Cx.
Within the holistic setup, the indicator tracks:
โข HTF bias
โข Market structure (trend) in the current timeframe
โข Divergence between selected pairs (SMT)
โข Divergence between price and RSI values
โข Whether the price is in an important area (FVG, iFVG, and Volume Imbalance)
โข Whether the price is at a key level
โข Whether the price is within a user-defined special timeframe
The main condition and trigger of the setup is an HTF sweep with CISD confirmation on the aligned timeframe.
When the main condition occurs, the indicator provides the user with a real-time market status summary, enriched with other data.
________________________________________
Whatโs new?
-In the SMT module:
โข Triad SMT analysis (e.g.: NQ1!, ES1!, and YM1!)
โข Dyad SMT analysis (e.g.: EURUSD, GBPUSD)
โข Alternative pair definition and divergence analysis for non-correlated assets
o For crypto assets (xxxUSDT <--> xxxUSDT.P) (e.g.: SOLUSDT.P, SOLUSDT)
o For stocks, divergence analysis by comparing the asset with its value in another currency
(BIST:xxx <--> BIST:xxx / EURTRY), (BAT:xxx <--> BAT:xxx / EURUSD)
-Special timeframe definition
-Configurable multi-option alarm center
-Alternative summary presentation (check list / status table / stickers)
________________________________________
Details and usage:
The user needs to configure four main sections:
โข Pair and correlated pairs
โข Timeframes (Auto / Manual)
โข Alarm center
โข Visual arrangement and selections
Pair Selections:
The user should adjust trading pairs according to their trade preferences.
Examples:
โข Triad: NQ1!-ES1!-YM1!, BTC-ETH-Total3
โข Dyad: NAS100-US500, XAUUSD-XAGUSD, XRPUSDT-XLMUSDT
Single pairs:
-Crypto Assets:
If crypto assets are not in the triad or dyad list, they are automatically matched as:
Perpetual <--> Spot (e.g.: DOGEUSDT.P <--> DOGEUSDT)
If the asset is already defined in a dyad list (e.g., DOGE โ SHIB), the dyad definition takes priority.
________________________________________
-Stocks:
If stocks are defined in the dyad list (e.g.: BIST:THYAO <--> BIST:PGSUS), the dyad definition takes priority.
If not defined, the stock is compared with its value in the selected currency.
For example, in the Turkish Stock Exchange:
BIST:FENER stock, if EUR is chosen from the menu, is compared as BIST:FENER / OANDA:EURTRY.
Here, โOANDAโ and the stock market currency (TRY) are automatically applied for the exchange rate.
For NYSE:XOM, its pair will be NYSE:XOM / EURUSD.
________________________________________
Timeframes:
By default, the menu is set to โAuto.โ In this mode, aligned timeframes are automatically selected.
Aligned timeframes (LTF-HTF):
1m-15m, 3m-30m, 5m-1h, 15m-4h, 1h-D, 4h-W, D-M
Example: if monitoring the chart on 5m:
โข 1h sweep + 5m CISD confirmation
โข D sweep + 1h CISD confirmation (bias)
โข 5m market structure
โข 1h SMT and 1h RSI divergence analysis
For manual selections, the user must define the timeframes for Sweep and HTF bias.
FVG, iFVG, and Volume Imbalance timeframes must be manually set in both modes.
________________________________________
Alarm Center:
The user can choose according to preferred criteria.
Each row has options.
โYesโ โ included in alarm condition.
โNoโ โ not included in alarm condition.
If special timeframe criteria are added to the alarm, the hour range must also be entered in the same row, and the โSpecial Zoneโ tab (default: -4) should be checked.
Key level timeframes and plot options must be set manually.
Example alarm setup:
Alongside the main Sweep + CISD condition, if we also want HTF bias + Trend alignment + key level (W, D) and special timeframe (09:00โ11:00), we should set up the menu as follows:
________________________________________
Visual Arrangement and Selections:
Users can control visibility with checkboxes according to their preferences.
In the Table & Sticker tab, table options and labels can be controlled.
โข Summary Table has two options: Check list and Status Table
โข From the HTF bias section, real-time bias and HTF sweep zone (optional) are displayed
โข The RSI divergence section only shows divergence analysis results
โข The SMT 2 sub-section only functions when triad is selected
Labels are shown on the bar where the sweep + CISD condition occurs, displaying the current situation.
With the Check box option, all criteriaโs real-time status is shown (True/False).
Status Table provides a real-time summary table.
Although the menu may look crowded, most settings only need to be adjusted once during initial use.
________________________________________
Whatโs next?
โข Suggestions from users
โข Standard deviation projection
โข Mitigation/order blocks (cd special mtg)
โข PSP /TPD
________________________________________
Final note:
Every additional criterion in the alarm settings will affect alarm frequency.
Multiple conditions occurring at the same time is not, by itself, sufficient to enter a tradeโyou should always apply your own judgment.
Looking forward to your feedback and suggestions.
Happy trading! ๐
M2 Liquidity Divergence ModelM2 Liquidity Divergence Model
The M2 Liquidity Divergence Model is a macro-aware visualization tool designed to compare shifts in global liquidity (M2) against the performance of a benchmark asset (default: Bitcoin). This script captures liquidity flows across major global economies and highlights whether price action is aligned ("Agreement") or diverging ("Divergence") from macro trends.
๐ Core Features
M2 Global Liquidity Index (GLI):
Aggregates M2 money supply from major global economies, FX-adjusted, including extended contributors like India, Brazil, and South Africa. The slope of this composite is used to infer macro liquidity trends.
Lag Offset Control:
Allows the M2 signal to lead benchmark asset price by a configurable number of days (Lag Offset), useful for modeling the forward-looking nature of macro flows.
Gradient Macro Context (Background):
Displays a color-gradient backgroundโaqua for expansionary liquidity, fuchsia for contractionโbased on the slope and volatility of M2. This contextual backdrop helps users visually anchor price action within macro shifts.
Divergence Histogram (Optional):
Plots a histogram showing dynamic correlation or divergence between the liquidity index and the selected benchmark.
Agreement Mode: M2 and asset are moving together.
Divergence Mode: Highlights break in expected macro-asset alignment.
Adaptive Transparency Scaling:
Histogram and background gradients scale their visual intensity based on statistical deviation to emphasize stronger signals.
Toggle Options:
Show/hide the M2 Liquidity Index line.
Show/hide divergence histogram.
Enable/disable visual offset of M2 to benchmark.
๐ง Suggested Usage
Macro Positioning: Use the background context to align directional trades with macro liquidity flows.
Disagreement as Signal: Use divergence plots to identify when price moves against macro expectationsโpotential reversal or exhaustion zones.
Time-Based Alignment: Adjust Lag Offset to synchronize M2 signals with asset price behavior across different market conditions.
โ ๏ธ Disclaimer
This indicator is designed for educational and analytical purposes only. It does not constitute financial advice or an investment recommendation. Always conduct your own research and consult a licensed financial advisor before making trading decisions.
Combined ATPC & MACD DivergenceTrend Optimizer + Divergence Finder in One Unified Tool
๐ Overview:
This powerful dual-system indicator merges two proven analytical engines:
โ
The Algorganic Typical Price Channel (ATPC) โ a custom trend oscillator that highlights mean-reversion and directional bias.
โ
A refined MACD system with divergence detection, enhanced with an adjusted Donchian midline for real-time trend strength filtering.
Together, they provide a high-confidence, multi-signal system ideal for swing trading, scalping, or confirming reversals with context.
โ๏ธ Core Components & Logic
๐ง 1. ATPC Engine (Trend Commodity Index)
A momentum and volatility-normalized oscillator based on the typical price (H+L+C)/3:
TrendCI Line (Blue) โ Main trend signal based on smoothed CCI logic.
TrendLine2 (Orange) โ A slower smoothing of TrendCI for crossovers.
Key Zones (customizable):
๐ด Ultra Overbought: +73
๐ฃ Overbought: +58
๐ฃ Oversold: -58
๐ด Ultra Oversold: -73
Trade Logic:
โ
Buy Signal: TrendCI crosses above TrendLine2 while in oversold zone
โ Sell Signal: TrendCI crosses below TrendLine2 while in overbought zone
Additional visual feedback:
Histogram Bars show strength and direction of momentum shift
Green/Red Circles highlight potential long/short setups
๐ 2. MACD System + Divergence Finder
Classic MACD enhanced with a Donchian Midline overlay to filter trend bias.
๐ท MACD Line and ๐ Signal Line show crossover momentum
๐ฉ/๐ฅ Histogram shows distance from the signal line
๐ช Adjusted Donchian Midline dynamically adapts to range-bound vs trending environments
Background Color provides real-time trend state:
โ
Green = Bullish Trend
โ Red = Bearish Trend
No color = Neutral / Choppy
MACD Boundaries (user-defined):
Overbought: +1.0
Oversold: -1.0
๐ 3. Divergence Detection
Spot hidden power shifts before price reacts:
๐ผ Positive Divergence โ Price makes lower lows, but MACD histogram rises
๐ฝ Negative Divergence โ Price makes higher highs, but MACD histogram weakens
These are visually marked with:
Green โ+Divโ label (bullish reversal cue)
Red โโDivโ label (bearish exhaustion signal)
๐ฏ How to Use It
For Trend Traders:
Stay in sync with macro trend using MACD histogram + background
Use ATPC crossovers for precision entries
Avoid signals during neutral background (chop filter)
For Reversal Traders:
Look for bullish +Div with ATPC buy signal in oversold zone
Look for bearish โDiv with ATPC sell signal in overbought zone
Mid-Donchian line can act as confluence or breakout trigger
For Scalpers & Intraday Traders:
Combine with VWAP, liquidity zones, or order flow levels
ATPC crossovers + MACD histogram zero-line flip = potential scalp entry
Use histogram slope and divergence to avoid false momentum traps
๐งฉ Customizable Inputs
๐๏ธ ATPC: Channel & Smoothing lengths, overbought/oversold thresholds
๐๏ธ MACD: Fast/slow EMAs, signal smoothing, Donchian period, bounds
๐จ Fully theme-compatible with adjustable colors and line styles
๐ Alerts (Add Your Own)
While this version doesnโt contain built-in alerts, you can easily add alerts based on:
buySignal or sellSignal from ATPC logic
Histogram cross zero or trend flip
MACD Divergence event
๐ โThis indicator doesn't just show signalsโit tells a story about whoโs in control of the market, and when that control might be slipping.โ
Quadratic Kernel with Quadratic Divergence [PinescriptLabs]This indicator combines a quadratic kernel regression with adaptive deviation bands to provide a unique view of market trends.
Key Features:
**Customizable Parameters:**
- Regression Period: Adjusts the sensitivity of the central line (default 50).
- Time Deformation: Modifies the weight of recent vs. older data (default 1.0). Increasing the "Time Deformation" makes more recent data more relevant, while decreasing it gives more weight to older data in the regression calculation.
- Confidence Band Width: Controls the width of the bands (default 3.0). Determines how many standard deviations are added to or subtracted from the central line to form the confidence bands. The standard deviations are calculated as the difference between the central line and the closing prices. A higher confidence value will result in wider bands, indicating a broader range of expected price variation, while a lower confidence value will result in narrower bands, indicating a narrower range of expected price variation.
**How to Use the Indicator Based on Price Crossings with the Kernel Divergence Line?**
Short: We need a candle to cross and close below the Kernel Divergence Line (bullish), and at the same time, the quadratic channels must be in a Bearish state for confirmation. Once the entry is executed, our exit will be when the Divergence Line changes its color by at least two confirmation points, or the price crosses above, which nullifies the entry.
Long: We need a candle to cross and close above the Kernel Divergence Line (bearish), and at the same time, the quadratic channels must be in a Bullish state for confirmation. Once the entry is executed, our exit will be when the Divergence Line changes its color by at least two confirmation points, or the price crosses below, which nullifies the entry.
**How to Use the Indicator Based Solely on Kernel Divergence??**
We observe the Kernel Divergence line, which indicates bullish momentum while the price is declining, and we are looking for the Reversal point.
**Confirmation of the Reversal Point:** When the Kernel Divergence changes from bullish (green color) to bearish (red color), we look for the price at its lowest point to be below the first lower Quadratic channel or even outside the Quadratic channel. This signals a potential strong reversal.
How to Use the Indicator Based Solely on Quadratic Channels?
Use only confirmations of changes from Bullish to Bearish or vice versa. It is recommended to have at least three confirmation points in the same direction.
Quadratic Kernel Regression: Provides a smoothed trend line that adapts to market movements.
Adaptive Deviation Bands: Dynamically calculated to show market volatility.
Buy/Sell Signals: Based on the price crossing the central line and the direction of the trend.
Quadratic Kernel Regression calculates a smoothed central line based on recent prices.
The deviation bands automatically adjust according to market volatility.
The trend is determined by comparing the current position of the central line with its previous position.
Buy signals are generated when the price crosses above the central line in an uptrend.
Sell signals are generated when the price crosses below the central line in a downtrend.
Espaรฑol:
Este indicador combina una regresiรณn de kernel cuadrรกtico con bandas de desviaciรณn adaptativas para proporcionar una visiรณn รบnica de la tendencia del mercado.
Caracterรญsticas principales:
**Parรกmetros personalizables:**
- Perรญodo de regresiรณn: Ajusta la sensibilidad de la lรญnea central (por defecto 50).
- Deformaciรณn del tiempo: Modifica el peso de los datos recientes vs. antiguos (por defecto 1.0). Aumentar la "Deformaciรณn del tiempo" hace que los datos mรกs recientes sean mรกs relevantes, mientras que disminuirla da mรกs peso a los datos antiguos en el cรกlculo de la regresiรณn.
- Ancho de bandas de confianza: Controla la amplitud de las bandas (por defecto 3.0). Determina cuรกntas desviaciones estรกndar se aรฑaden o restan a la lรญnea central para formar las bandas de confianza. Las desviaciones estรกndar se calculan como la diferencia entre la lรญnea central y los precios de cierre. Un valor mayor de confianza resultarรก en bandas mรกs anchas, indicando un rango mรกs amplio de variaciรณn esperada en los precios, mientras que un valor menor de confianza resultarรก en bandas mรกs estrechas, indicando un rango mรกs estrecho de variaciรณn esperada.
* *Cรณmo usar el Indicador Basados en los Cruces de Precio con la Lรญnea de Divergencia del Kernel?**
Short: Necesitamos que una vela cruce y cierre por debajo de la lรญnea de Divergencia del Kernel (bullish) y al mismo tiempo los Canales cuadrรกticos deben estar en un momento Bearish para confirmaciรณn. Una vez ejecutada la entrada, nuestra salida serรก cuando la Lรญnea de Divergencia haga su cambio de color al menos dos puntos de confirmaciรณn o el precio haga un cruce por arriba, lo que anula la entrada.
Long: Necesitamos que una vela cruce y cierre por Encima de la linea de Divergencia del Kernel( Bearish) y al mismo tiempo los Canales cuadrรกticos deben estar en un momento Bullish para confirmaciรณn, una vez ejecutada la entrada nuestra salida serรก cuando la Linea de Divergencia haga su cambio de color al menos dos puntos de confirmaciรณn o el precio haga un cruce por Debajo lo que anula la entrada:
Como usar el indicador Basado en solo en Divergencia del Kernel? : Observamos la linea de Divergencia del Kernel la cual nos indica un momentum bullish mientras que precio va a la baja y lo que buscamos es el punto de Reversion.
Confirmaciรณn de punto de reversion: cuando la Divergencia de Kernel pasa de bullish ( color verde) a bearish ( color rojo) buscamos que el precio en su punto mas bajo este por debajo del primer canal inferior Quadratico o fuera incluso del canal Quadratico lo que nos indica una posible reversion con fuerza.
Como usar el indicador basado solo en Canales Quadraticos?
Utilizar รบnicamente las confirmaciones de Cambio de Bullish a Bearish o visceversa, se recomienda al menos tres puntos de confirmaciรณn en la misma direcciรณn.
Regresiรณn de kernel cuadrรกtico: Ofrece una lรญnea de tendencia suavizada que se adapta a los movimientos del mercado.
Bandas de desviaciรณn adaptativas: Calculadas dinรกmicamente para mostrar la volatilidad del mercado.
Seรฑales de compra/venta: Basadas en el cruce del precio con la lรญnea central y la direcciรณn de la tendencia.
La regresiรณn de kernel cuadrรกtico calcula una lรญnea central suavizada basada en los precios recientes.
Las bandas de desviaciรณn se ajustan automรกticamente segรบn la volatilidad del mercado.
La tendencia se determina comparando la posiciรณn actual de la lรญnea central con su posiciรณn anterior.
Las seรฑales de compra se generan cuando el precio cruza por encima de la lรญnea central en una tendencia alcista.
Las seรฑales de venta se generan cuando el precio cruza por debajo de la lรญnea central en una tendencia bajista.
RSI Divergence SmoothedRSI Divergence Smoothed
This indicator is based on the RSI Divergence indicator by @InvestitoreComune.
The "RSI Divergence Smoothed" is a custom technical indicator designed to highlight divergence between two RSI (Relative Strength Index) lines: a fast RSI and a slow RSI. The divergence is then visualized on the chart, assisting traders in recognizing potential market reversals and trend continuation.
Here's a breakdown of its smoothing options added:
1. **WMA Difference**: The indicator first computes a weighted moving average (WMA) difference, which takes the difference between the WMA of half the input length and the WMA of the full length.
2. **Hull Moving Average (HMA)**: The indicator can use the HMA as a filter. HMA combines the benefits of a simple moving average and a linear weighted moving average, aiming to be faster in response to price changes.
3. **Sine Weighted Moving Average (SWMA)**: Another filter option, SWMA, weighs the data points by the sine of their position in the data set, giving more weight to the central data points.
4. **Kaufman's Adaptive Moving Average (KAMA)**: KAMA adapts to price volatility and can also be used as a filter. It's especially useful in choppy markets, adjusting the smoothing constant based on the relative volatility of the price series.
5. **Gaussian Moving Average (GMA)**: This filter uses a Gaussian kernel to weigh the data points, emphasizing the more recent data while giving lesser importance to older data. It helps smooth out the price data, potentially eliminating some of the noise.
I've personally found the KAMA smoothing to be most helpful but keen to hear of anyone's personal experiences and recommendations.
RSI divergence computations are based on the filtered price (or raw price if no filter is chosen) - the indicator calculates two RSIs:
- Fast RSI: With a default length of 5 periods.
- Slow RSI: With a default length of 14 periods.
The core functionality of this indicator is to compute the divergence between the Fast and Slow RSI. The divergence is plotted on the chart, with the color indicating its direction: white for positive divergence and red for negative.
MACD Normalized [ChartPrime]Overview of MACD Normalized Indicator
The MACD Normalized indicator, serves as an asset for traders seeking to harness the power of the moving average convergence divergence (MACD) combined with the advantages of the stochastic oscillator. This novel indicator introduces a normalized MACD, offering a potentially enhanced flexibility and adaptability to numerous market conditions and trading techniques.
This indicator stands out by normalizing the MACD to its average high and average low, also factoring in the deviation of the high-low position from the mean. This approach incorporates the high and low in the calculations, providing the benefits of stochastic without its common drawbacks, such as clipping problems. As a result, the indicator becomes exceptionally versatile and suitable for various trading strategies, including both faster and slower settings.
The MACD Normalized Indicator boasts a variety of options and settings. The features include:
Enable Ribbon: Toggle the display of the ribbon accompanying the MACD Normalized, as desired.
Fast Length: Determine the movement speed of the fast line to receive advance notice of potential market opportunities.
Slow Length: Control the movement pace of the slow line for smoother signals and a comprehensive outlook on market trends.
Average Length: Specify the length used to calculate the high and low averages, providing greater control over the indicator's granularity.
Upper Deviation: Establish the extent to which the high and low values deviate from the mean, ensuring adaptability to diverse market situations.
Inner Band (Middle Deviation): Adjust the balance between the high and low deviations to create an inner band signal, giving traders a secondary level of market analysis and decision-making support.
Enable Candle Color: Enable the coloring of candles based on the MACD Normalized value for effortless visualization of trading potential.
Use Cases for the MACD Normalized Indicator
In addition to analyzing market trends and identifying potential trading opportunities, ChartPrime's MACD Normalized Indicator offers a range of applications for traders. These use cases encompass distinct trading scenarios and strategies:
Overbought and Oversold Regions
One of the key applications of the MACD Normalized Indicator is identifying overbought and oversold regions. Overbought refers to a situation where an asset's price has risen significantly and is expected to face a downturn, while oversold indicates a price drop that may subsequently lead to a reversal.
By adjusting the indicator's parameters, such as the upper and inner deviation levels, traders can set precise boundaries to determine overbought and oversold areas. When the MACD moves into the upper region, it may signal that the asset is overbought and due for a price correction. Conversely, if the MACD enters the lower region, it possibly indicates an oversold condition with the potential for a price rebound.
Signal Line Crossovers
The MACD Normalized Indicator displays two lines: the fast line and the slow line (inner band). A common trading strategy involves observing the intersection of these two lines, known as a crossover. When the fast line crosses above the slow line, it may signify a bullish trend or a potential buying opportunity. Conversely, a crossover with the fast line moving below the slow line typically indicates a bearish trend or a selling opportunity.
Divergence and Convergence
Divergence occurs when the price movement of an asset does not align with the corresponding MACD values. If the price establishes a new high while the MACD fails to do the same, a bearish divergence emerges, suggesting a potential downtrend. Similarly, a bullish divergence takes place when the price forms a new low but the MACD does not follow suit, hinting at an upcoming uptrend.
Convergence, on the other hand, is represented by the MACD lines moving closer together. This movement signifies a potential change in the trend, providing traders with a timely opportunity to enter or exit the market.
Volume Crop โ Hidden Volume Divergence [whvntr] Volume Divergence
โข Formula originated from: "Hidden Price Divergence" (circles) by TheLark. I did two things to harness its
effectiveness:
โข Firstly, I developed a unique way to filter out the divergence signals that were appearing on both sides of the
midline. This filter will be known as the "Midline Tool" . It filters out a lot of the false signals commonly
associated with oscillators.
โข Then, I modified the default format from Price to Volume.
โข The midline formula "Midline Tool" was developed by me . It adjusts in the thousands since it's volume.
Let me know in the comments if you would rater have a smaller step value than 10,000. How does it work?
Crossover then Crossunder, the arrows only appear during the first sign of hidden volume divergence once
crossing the midline. Normally, these signs appear on both side of the midline both bearish and bullish no
matter if it's on an oversold or overbought side of the spectrum... Also, let
me know in the comments if you would like for me to release an oscillator version of this
indicator for co-witnessing.
Features:
โข Volume divergence
โข Midline Toolยฉ
โข Disclaimer: This indicator does not constitute investment advice. Trade at your own risk with the investments
you can afford to lose because all financial investments have risks and this is not a
guarantee that the volume divergence will be 100% all the time.
Next Pivot Projection [Trendoscope]Still experimental. Extending further on the divergence backtest results - in this script we try to project next 2 pivots (including one unconfirmed pivot)
๐ฒ Previous experiments
1. Divergence-Backtester
2. Divergence-Backtester-V2
๐ฒ Additions
Apart from collecting the stats on number of occurrences of HH, HL, LH, LL - this script also keeps track of average ratio for each levels and average bars.
Based on these data, we try to calculate the next pivot projections including possible bar and price.
Cloud covering the candles indicate historical levels of average HH, HL, LH, LL projections.
Hover on projection labels to find more details in tooltips.
๐ฒ Overall method in a nutshell
๐ฒ Going bit deeper
๐ฏ Unconfirmed Pivot and its projection - Last pivot of the zigzag is always unconfirmed. Meaning, it can potentially repaint based on further price movements. But, projection of the unconfirmed pivot will not change as it will be based on previous two pivots - both of which are confirmed.
๐ฏ Next Pivot Projection - Next pivot is projected based on last two pivots - which include last unconfirmed pivot. Hence, these projections can potentially repaint based on the last pivot repaint.
๐ฏ Historical projections displayed as cloud - Historical projection values are displayed as cloud around pivots.
A cloud above represents area from average lower high range to average higher high range. Cloud color is green if average ratio of pivot high is more than 1. Red Otherwise.
A cloud below represents area from average higher low range to average lower low range. Cloud color is red if average ratio of pivot high is more than 1. Green otherwise
Stoch RSI, Div, Zone S3 by Gammaprod>> How to use this indicator :
1. Set your teadingview theme to dark theme.
2. My indicator is valid for forex, stock and but more valid for crypto.
3. Use three timeframe for more validation (choose between those, that fit to your trading style) :
- Timeframe 1m, 5m, and 15m for Scalping
- Timeframe 30m, 1h and 4h for Intraday
- Timeframe 4h, 1D and 1W for Swing Trading
4 . Always use THREE INDICATORS FROM GAMMAPROD, those three indicators is back to back each other, by the way, I only made those three indicators only (for now) :
- Trendlines Boll Ichi Crypto by Gammaprod
- Stoch RSI Divs Zone Crypto by Gammaprod
- MACD Volume Crypto by Gammaprod
>> How to setting :
1. Trendlines Boll Ichi Crypto by Gammaprod
A. Support and Resistence
- Well if you familiar with this indicator you can add it, but recommended for Timeframe 30m or more
B. Trendlines Primary or Trendlines Secondary
- Timeframe 1m you DON'T NEED Trendlines Primary or Trendlines Secondary
- Timeframe 5m you DON'T NEED Trendlines Secondary, but you CAN ADD Trendlines Primary if you fell it helpful (for me, it is helpful to find where the candles start or the end trend or a consolidation or where the candles will surpass a resistance or a support).
- Timeframe 15m you DON'T NEED Trendlines Secondary, DEFENITELY add Trendlines Primary it will help to find where the candles stop or a consolidation or where the candles will surpass a resistance or a support).
- Timeframe 30m or more, DEFENITELY NEED BOTH Trendlines Primary and Secondary Trendlines, it will help to find where the candle stop or consolidation or where the candle will surpass a resistance or support).
C. Bolinger, Ichimoku Cloud and Lagging Span
- Please DON'T CHANGE IT at all, it's really helpful to know when and where to make an entry decesion or a trend or a consolidation, if you don't understand how to read it, you better to learn it first (on "how to read" section and "How to OPEN position" the section below)
2. Stoch RSI Divs Zone Crypto by Gammaprod (DON'T CHANGE IT)
3. MACD Volume Crypto by Gammaprod (DON'T CHANGE IT)
>> How to read :
1. Sell or Buy Priority :
A. Buy Priority
- Color background on macd and stoch rsi is pink or purple sell is the priority, (if you're not sure to buy, just wait until the best moment to sell)
B. Buy Priority
- Color background on macd and stoch rsi Teal or light green buy is the priority, (if you're not sure to sell, just wait until the best moment to buy)
C. Indecision / Golden Moment
- Color background on stoch rsi yellow is indecision / golden moment of reversal pattern (wait until it formed background only on Stoch RSI), please becareful at this moment.
2. Trend / Consolidation :
A. BULLISH trend
- When Stoch RSI and MACD have teal or light green background that's means BULLISH trend, better to confirm by the candle is above green cloud and lagging span (red line) is also above the candle.
B. BEARISH trend
- When Stoch RSI and MACD have the Pink or purple background that's means BEARISH trend, better to confirm by the candle is above purple cloud and lagging span (red line) is also below the candle.
C. CONSOLIDATION
- When Stoch RSI have the mix background that's means CONSOLIDATION, better to confirm by the candle is in or near to green / purple cloud and lagging span (red line) is also on the candle.
3. Special Mark
A. Ideal Bullish :
- Near line 20 and green / teal background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for buy
B. Not an Ideal Bullish :
- Near line 80 and green / teal background = if this happens make sure you know what happen, it could be a false signal or bullish continual pattern
C. Ideal Bearish :
- Near line 80 and pink / purple background = When Stoch RSI have the char R / H on lime color label, that's means divergence or hidden divergence for buy position, if you not see this label that's means just a standard confirmation for sell position.
D. Not an Ideal Bearish:
- Near line 20 and pink / purple background = if this happens make sure you know what happen, it could be a false signal or bearish continual pattern
E. The Beginning of Reversal (from BEARISH to BULLISH) :
- When Stoch RSI line shaping GREEN position is near 20.
- MACD lines still PINK, position lines is UNDER the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL PINK (light pink) and the BACKGROUND still PINK / PURPLE.
- Position CANDLES NEAR BLUE line, NEAR PURPLE CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
F. The Beginning of Reversal (from BULLISH to BEARISH) :
- When Stoch RSI line shaping PINK position is near 80.
- MACD lines still GREEN, position lines is ABOVE the HISTOGRAM, but the HISTOGRAM start to SHAPE FALL GREEN (light green) and the BACKGROUND still TEAL / GREEN.
- Position CANDLES NEAR WHITE line, NEAR TEAL CLOUD, and lagging span (red line) STILL ON the area candle. (it used to be confirmed with the golden moment).
G. False Signals, or It could be a Golden Moment (better to see it on TF 15 or bigger):
- Near line 20 or 80 and yellow background = When Stoch RSI have the char R / H on color label, that's means divergence or hidden divergence for buy / sell position, if you not see this label that's means just a standard confirmation for buy / sell depends on where the Stoch RSI line if near 20 that's means buy, near 80 means sell
>> How to OPEN position:
A. Bullish
1. Trendlines Boll Ichi Crypto by Gammaprod
- The candles above the green cloud.
- Lagging span (red line) above the candles.
- then open buy near yellow line (the first option) / blue line (the second option) (always confirm the position with two other indicators below).
2. Stoch RSI Divs Zone Crypto by Gammaprod
- Teal or Green background.
- The lines is shaping green.
- Better if on the bottom (at a range 20).
3. MACD Volume Crypto by Gammaprod
- Teal or Green background.
- The lines is shaped or shaping green.
- Better if at the green histogram.
B. Bearish
1. Trendlines Boll Ichi Crypto by Gammaprod
- The candles below the purple cloud.
- Lagging span (red line) below the candles.
- then open buy near yellow line (the first option) / white line (the second option) (always confirm the position with two other indicators below).
2. Stoch RSI Divs Zone Crypto by Gammaprod
- Pink or purple background.
- The lines are shaping pink.
- Better if the line on the top (at a range 80).
3. MACD Volume Crypto by Gammaprod
- Pink or purple background.
- The lines are shaped or shaping green.
- Better if at the pink histogram.
C. Consolidation
1. Trendlines Boll Ichi Crypto by Gammaprod
- The candles on the cloud (green or purple).
- Lagging span (red line) on the candles.
- then open buy near the white or blue line (always confirm the position with two other indicators below).
2. Stoch RSI Divs Zone Crypto by Gammaprod
- Mix background specially on a timeframe 15m or more.
- The line move fast up and down.
- Better if on the bottom or the top of the lines (at a range 20 or 80).
3. MACD Volume Crypto by Gammaprod
- Changing the background.
- The line is near the middle line.
- Have small Histogram.
>> The secret ingridient is comparing the timeframe :
The example scalping (Timeframe 1m, 5m and 15m)
- TF 1m is for making an open position.
- TF 5m is for making a judgement of the trend market.
- TF 15m is to confirm that judgement from TF 5m, be careful if it not similar then it used to be a consolidation or the beginning of the reversal.
There's a lot a way to open the position than above information that i gave it to you, but consider there are a limit char on this column, I hope it will help your trading and make a more profit on it.
TMA-LegacyThis is a script based on the original TMA- RSI Divergence indicator by PhoenixBinary.
The Phoenix Binary community and the TMA community built this version to be public code for the community for further use and revision after the reported passing of Phoenix Binary (The community extends our condolences to Phoenix's family.
The intended uses are the same as the original but some calculations are different and may not act or signal the same as the original.
Description of the indicator from original posting.
This indicator was inspired by Arty and Christy .
โโCOMPONENTS
Here is a brief overview of the indicator from the original posting:
1 โ RSI Divergence
Arty uses the RSI divergence as a tool to find entry points and possible reversals. He doesn't use the traditional overbought/oversold. He uses a 50 line. This indicator includes a 50 line and a floating 50 line.
The floating 50 line is a multi-timeframe smoothed moving average . Price is not linear, therefore, your 50 line shouldn't be either.
The RSI line is using a dynamic color algo that shows current control of the market as well as possible turning points in the market.
2 โ Smoothed RSI Divergence
The Smoothed RSI Divergence is a slower RSI with different calculations to smooth out the RSI line. This gives a different perspective of price action and more of a long term perspective of the trend. When crosses of the floating 50 line up with the traditional RSI crossing floating 50.
3 โ Momentum Divergence
This one will take a little bit of time to master. But, once you master this, and combined with the other two, damn these entries get downright lethal!
MACD AdvancedHello traders!
As you know, MACD is one of the oldest and the most popular indicators for trading. It seems to be a ยซHello world indicatorยป of most technical analysis beginners. Itโs easy to interpret and rather useful for many styles of trading. There are many arguments about its accuracy but in my opinion, this indicator can show very good results. However, you should squeeze every drop of its opportunities and we'll help you with it. We invented this script to make the lives of both professionals and freshmen easier.
Our new indicator uses all the opportunities that MACD gives. It takes into consideration divergencies, crossovers, the MACD, and signal line location. It seems to be rather difficult to take into consideration all MACD signals when you donโt use algorithmic trading, but itโll be trivial using our script. We have integrated some innovations thatโll make tradersโ staff easier. As you know, the crossover is considered to be a false signal in conjunction with hidden divergence which predicts another movement. Thus, we catch all types of divergencies and if itโs hidden of another ยซvalueยป we skip it. However, if there's a crossover with bullish divergence or cross under with bearish, the signal seems to be strong and accurate. In this case, divergence is playing for us and makes the point of entrance more trustable. Our script takes into consideration this case and the innovative divergence chaser doesnโt give any mistakes. Moreover, if crossover takes place above zero line and crosses under bellow it, these signals are considered to be false too. Itโs a trivial task comparing with the previous, thus itโs extremely simple for our script. We called it MACD Advanced cause it uses all the power of MACD with the power of invasive divergence chasers. The usage of it is trivial. Just add it to the chart, tune the parameters like MACD and tune the divergence chaser and get very accurate signals. We decided not to draw the bars to make signals more visible. It seems to be very nice!
I hope guys you'll enjoy it and it'll become a part of your trading staff.
Kifier's MFI/STOCH Hidden Divergence/Trend BeaterMFI/STOCH Hidden Divergence/Trend Beater
General Idea:
My premise around this strategy was to make a general strategy for crypto that would help out with finding entry positions for when youโre bullish on a crypto and want to hold on for a while, and at the same time avoiding massive drops. Essentially a way to mix long term/ swing trading; I somewhat achieved my goal however it still requires a lot of logic tuning of the trend averages.
Iโm a huge proponent of volume indicators and coupled with average closing price, I think this gives a really good idea of what is happening with the market. It gives an idea on the market and retail investor sentiment. This generally gives you logical entry positions (Although I donโt know how amazing that will work with all cryptos, thereโs a fine line between a good strategy and one that just rides bubble market conditions, some would argue thatโs still a success and others not)
How it works:
There are many components to the strategy that try to do different things:
First of all there are two types of entries, a MFI hidden divergence with a STOCH check, essentially it will only fire when a divergence is detected while STOCH is above 50%, however this might be changed in the future as due to the volatile nature of cryptos, the STOCH is not too effective. The second entry is a simple MFI/STOCH trend, if STOCH is above 50% and the trend is detected to be in a trending long, once a MFI crossover over the 50% line is detected an entry is placed, this is designed to get out profit where the divergence would otherwise be less accurate during strongly trending conditions.
-MFI is a great indicator, as a volume weighted momentum indicator I find it the most accurate of all, the STOCH however is a great indicator to get a general picture of simple market conditions and can filter out the emotional noise of retail investors.
-VWMA and an SMA (The bottom oscillator) gives an idea of the trend tacking into account of the volume, this serves as a more short term filter of the trend for filters.
-OBV checks are done between the OBV and an EMA of the OBV, to get the idea of a volume weighted long trend, which is important for crypto as there are massive rallies to go up due to retail greed, itโs great to jump onto it at the beginning, and get off before the stack of cards fall apart.
-ATR is used to detect when the market is relatively just ranging or moving sideways, which is where the hidden divergence entries are done, during predictable and profitable market conditions.
- Stop loss is based on the closest support of the entry, this is a nice medium of room to breath but also an actual stop loss.
Future plans and improvements:
Currently thereโs a lot I want to improve, mostly the divergence detection and the overall sharpe ratio could be much better, but the current value of 0.5 gives me hope that the strategy is onto something. I also want to change TP from a percentage stop to something more dynamic but that might be too optimistic. The current plan is to paper trade test this either by manual or by a python bot, to see how it performs with some user input as well.
[blackcat] L2 Bull Bear Convergence Divergence (BBCD)Level: 2
Background
A bull market is gaining ground and is economically sound, while a bear market is declining and most stocks are depreciating. The actual origins of these terms are unclear, but one reason could be that bulls attack by pulling their horns up while bears attack by brushing their paws down.
Function
L2 Bull Bear Convergence Divergence (BBCD) disclose the convergence divergence of the bull bear as a market opinion indicator. It tells you the opinion of those who are directly involved with the markets. As a trader, understanding how the convergence divergence of the bull bear works can be of great help. I inherited the traditional MACD expression method, and added golden cross (yellow cross) and dead cross (fuchsia cross) prompts, as well as bottom divergence (lime cross) and top divergence (red cross) prompts.
Key Signal
bbd --> bull bear fast line
bbdsupport --> bull bear slow line and support level
bbdgx --> bull bear gold cross in yellow
bbddx --> bull bear dead cross in fuchsia
bbotdiverg --> bull bear bottom divergence alert in lime cross
btopdiverg --> bull bear top divergence alert in red cross
Pros and Cons
Pros:
1. it can help to see the strength change of a trend in time
2. visual bottom and top divergence alerts are provided
Cons:
1. it disclose the strength change better than price change
Remarks
Bull Bear Convergence Divergence (BBCD) is new.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Momentum Line Convergence Divergence (MLCD)Level: 2
Background
Momentum indicators are technical analysis tools that can be used to determine the strength or weakness of the stock price. Momentum measures the speed at which stock prices rise or fall. Common momentum indicators are the relative strength index (RSI) and the moving average of convergence divergence (MACD).
Function
L2 Momentum Line Convergence Divergence (MLCD) is one of my innovative indicator which is to differeniate with average of convergence divergence (MACD). So, I named it as Momentum Line Convergence Divergence (MLCD). In order for everyone to be more familiar with its useage, I inherited the traditional MACD expression method, and added golden cross (yellow cross) and dead cross (fuchsia cross) prompts, as well as bottom divergence (lime cross) and top divergence (red cross) prompts.
Key Signal
mtm --> momentum fast line
mtmaux --> momentum slow line
mtmgx --> momentum gold cross in yellow
mtmdx --> momentum dead cross in fuchsia
mtmbotdiverg --> momentum bottom divergence alert in lime cross
mtmtopdiverg --> momentum top divergence alert in red cross
Pros and Cons
Pros:
1. very stable for market price change and trend following
2. visual bottom and top divergence alerts are provided
Cons:
To be found yet
Remarks
Blackcat1402 brand MLCD indicator
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
CryptoNL R.E.D (rsi+ema and divergence)I used the build-in divergence indicator and fine-tuned the divergence provision.
Alerts have also been added and ema12 for extra trend determination.
The background color indicates the bearish and bullish zones.
Bullish divergence are indicated with a green line and dot
Bearish divergence are indicated with a red line and dot
Hidden divergence are indicated with an orange line and stripe marking.
All settings can be adjusted as desired. In the example, the bearish lines are off and bullish on to show the difference.
[Coingrats]RSI Divergence + StochRSIThis indicator shows the RSI and StochRSI. RSI divergence will also be marked.
- Bullish divergence - green triangle,
- Hidden bullish divergence - gray triangle
- Bearish divergence = red triangle
- Hidden bearish divergence - gray triangle
Credits to BabyWhale83 for the code to spotting divergence
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CDC RSI Divergence 15-10-2016An updated version of CDC RSI Divergence
The last version have fixed reversal amount to weed out false signal.
The reversal amount, however, needs to be calibrated to different chart.
The new one uses ATR instead, user can customize the ATR multiplier.
THIS IS NOT A TRADING SIGNAL SYSTEM
though it can be used in such a way it is not designed to.
The system helps identify Bullish and Bearish Divergence to help trader change their bias accordingly and should be used in conjunction with a trend following signal.
BULLISH DIVERGENCE is displayed with a green fill over 50 line.
BEARISH DIVERGENCE is displayed with a red fill under 50 line.
The indicator start on the bar where divergence is detected and persists for another 25 bars for easy regcognition.
Moving Average Convergence-Divergence (MACD)This script implements the Moving Average Convergence-Divergence (MACD), a popular momentum indicator used in technical analysis to identify trend direction, momentum shifts, and potential buy/sell signals.
๐น Key Features
1. Inputs & Customization
MACD Lines Toggle: Enable/disable the MACD and signal lines.
Source Price: Defaults to close but can be adjusted (e.g., open, high, low, hl2).
Fast Length (12): The period for the faster-moving EMA.
Slow Length (26): The period for the slower-moving EMA.
Signal Length (9): The smoothing period for the signal line.
2. Calculations
Computes the MACD Line (fast EMA - slow EMA).
Computes the Signal Line (EMA of the MACD line).
Computes the Histogram (difference between MACD and Signal lines).
3. Visual Indicators
Zero Line: A white horizontal line at 0 for reference.
MACD Line: Plotted in green when above the signal line, red when below.
Signal Line: Displayed as a yellow line.
Histogram:
Green bars when MACD > Signal (bullish momentum).
Red bars when MACD < Signal (bearish momentum).
Background Highlights:
Light green on bullish crossovers (MACD crosses above Signal).
Light red on bearish crossunders (MACD crosses below Signal).
4. Alerts
Triggers when:
Bullish Crossover (MACD crosses above Signal).
Bearish Crossunder (MACD crosses below Signal).
๐น How Traders Use This Indicator
Trend Identification:
MACD above zero โ bullish trend.
MACD below zero โ bearish trend.
Momentum Signals:
Bullish Crossover (Buy Signal): MACD crosses above Signal.
Bearish Crossunder (Sell Signal): MACD crosses below Signal.
Divergence (Not in this script, but useful):
Price makes higher highs, but MACD makes lower highs โ Potential reversal.
๐น Strengths of This Script
โ
Clean and Efficient Code โ Uses Pine Script v6 best practices.
โ
Customizable Inputs โ Adjust lengths and source price.
โ
Clear Visuals โ Color-coded for easy interpretation.
โ
Built-in Alerts โ For automated trading strategies.
Jul 1
Release Notes
This script implements the Moving Average Convergence-Divergence (MACD), a popular momentum indicator used in technical analysis to identify trend direction, momentum shifts, and potential buy/sell signals.
๐น Key Features
1. Inputs & Customization
MACD Lines Toggle: Enable/disable the MACD and signal lines.
Source Price: Defaults to close but can be adjusted (e.g., open, high, low, hl2).
Fast Length (12): The period for the faster-moving EMA.
Slow Length (26): The period for the slower-moving EMA.
Signal Length (9): The smoothing period for the signal line.
2. Calculations
Computes the MACD Line (fast EMA - slow EMA).
Computes the Signal Line (EMA of the MACD line).
Computes the Histogram (difference between MACD and Signal lines).
3. Visual Indicators
Zero Line: A white horizontal line at 0 for reference.
MACD Line: Plotted in green when above the signal line, red when below.
Signal Line: Displayed as a yellow line.
Histogram:
Green bars when MACD > Signal (bullish momentum).
Red bars when MACD < Signal (bearish momentum).
Background Highlights:
Light green on bullish crossovers (MACD crosses above Signal).
Light red on bearish crossunders (MACD crosses below Signal).
4. Alerts
Triggers when:
Bullish Crossover (MACD crosses above Signal).
Bearish Crossunder (MACD crosses below Signal).
๐น How Traders Use This Indicator
Trend Identification:
MACD above zero โ bullish trend.
MACD below zero โ bearish trend.
Momentum Signals:
Bullish Crossover (Buy Signal): MACD crosses above Signal.
Bearish Crossunder (Sell Signal): MACD crosses below Signal.
Divergence (Not in this script, but useful):
Price makes higher highs, but MACD makes lower highs โ Potential reversal.
๐น Strengths of This Script
โ
Clean and Efficient Code โ Uses Pine Script v6 best practices.
โ
Customizable Inputs โ Adjust lengths and source price.
โ
Clear Visuals โ Color-coded for easy interpretation.
โ
Built-in Alerts โ For automated trading strategies.
Stochastic Divergence StrategyBackground 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
Forex 60m Simple Scanner + RSI DivergenceโForex 60m Simple Scanner + RSI Divergenceโ
This scanner helps beginner traders quickly identify trade opportunities across the top 10 forex pairs. It combines a simple EMA crossover system with an optional RSI filter to confirm trend direction, and adds RSI divergence detection to spot potential reversals early.
The built-in table shows each pairโs trend, RSI value, buy/sell signal, and divergence statusโall in one place.
For beginners, this makes it easier to:
Avoid flipping between multiple charts.
See clear BUY/SELL ๐ signals instead of guessing.
Spot high-probability setups with RSI divergence markers (๐/โน๏ธ).
It simplifies decision-making by turning complex signals into a straightforward dashboard that highlights where attention is needed most.
Forex 5m Simple Scanner + RSI DivergenceHello everyone. this is a easy to use indicator.
I wanted something very easy to visualize and understand. Great for the beginner's.
About this script:
โForex 5m Simple Scanner + RSI Divergenceโ
This scanner helps beginner traders quickly identify trade opportunities across the top 10 forex pairs. It combines a simple EMA crossover system with an optional RSI filter to confirm trend direction, and adds RSI divergence detection to spot potential reversals early.
The built-in table shows each pairโs trend, RSI value, buy/sell signal, and divergence statusโall in one place.
For beginners, this makes it easier to:
Avoid flipping between multiple charts.
See clear BUY/SELL ๐ signals instead of guessing.
Spot high-probability setups with RSI divergence markers (๐/โน๏ธ).
It simplifies decision-making by turning complex signals into a straightforward dashboard that highlights where attention is needed most.
CVD Divergence + Volume HMA RSI MACD StrategyHow the script works:
The script calculates the HMA for trend direction. The HMA (shown in orange) is used as a filter: long trades are taken only if price is above the HMA, and short trades when below.
The CVD is computed by cumulatively adding volume on up bars and subtracting volume on down bars.
Pivot routines (with the input "Pivot Length") detect swing lows/highs for both price and CVD. A bullish divergence is flagged when the price makes a lower low while the CVD makes a higher low. Similarly, a bearish divergence is flagged when the price makes a higher high while the CVD makes a lower high.
Trading is triggered when the divergence condition also agrees with the HMA filter.
Feel free to further adjust the parameters or add riskโmanagement/exit rules as needed for your trading style.
