Hello Traders! While analysing the charts, one of the biggest problem is to see if there is trend or not, or is it in a congestion zone/area? While thinking about it, I found the idea to analyse moving averages in channel and their momentum according to channel width. How it calculates and works? On each bar it creates a channel by highest/lowest point of...
Hello traders My way to fight this situation is to stay productive. Hope some of my scripts will help you out as most of us are locked-down at home, hence have more time for trading - and preparing ourselves when the sun will shine on us again I - Concept This is an upgrade of this script which captured only the regular divergences This screener detects...
Hello traders I hope you're all hanging on at home with what's going on these days... The good news is.... it gives us more time to trade ^^.... #positive #attitude I - Concept This screener detects whether the regular RSI divergences based on the TradingView Divergence built-in indicator (made by the gentleman @everget I believe) With this screener, you can...
Divergences are well-known tool for finding trend reversals. Powerful, yet... unreliable. Sometimes they show up, sometimes they don't. Sometimes they really mean trend end, sometimes the trend continues. I've witnessed countless discussions about which indicator to hunt for divergences on. All pointless. Earlier today I found a very inspirational script by...
Another appoach to finding divergences at MACD. This time I think it is much smoother so I could check for divergences between two "peaks" at MACD. I added my SL line which is last peak +- 1xATR. And the second line is peak between two points of divergence and most of the time it acts like an SR line. If the higher timeframe trend backs up our divergence (for...
Hello Everyone. Almost one year later, with Pine version 4, I developed new version of the Divergence for many Indicator. It analyses divergences for 10 predefined indicators and then draws line on the graph. Red for negatif divergence (means prices may go down or trend reversal), Lime for positive divergences (means prices may go up or trend...
This CCI Divergences indicator uses the candle low values to find bullish divergences and candle high values to find bearish divergences.
Divergence screener for Stoch RSI Regular Bullish: "D" navy label Hidden Bullish: "H" navy label Regular Bearish: "D" red label Hidden Bearish: "H" red label
Divergence screener for RVI Regular Bullish: "D" navy label Hidden Bullish: "H" navy label Regular Bearish: "D" red label Hidden Bearish: "H" red label
Divergence screener for OBV RSI Regular Bullish: "D" navy label Hidden Bullish: "H" navy label Regular Bearish: "D" red label Hidden Bearish: "H" red label
Divergence screener for MFI Regular Bullish: "D" navy label Hidden Bullish: "H" navy label Regular Bearish: "D" red label Hidden Bearish: "H" red label
Divergence screener for MACD Regular Bullish: "D" navy label Hidden Bullish: "H" navy label Regular Bearish: "D" red label Hidden Bearish: "H" red label
Divergence screener for LinerRegressionSlope Regular Bullish: "D" navy label Hidden Bullish: "H" navy label Regular Bearish: "D" red label Hidden Bearish: "H" red label
Divergence screener for KVO Regular Bullish: "D" navy label Hidden Bullish: "H" navy label Regular Bearish: "D" red label Hidden Bearish: "H" red label
Divergence screener for CCI Regular Bullish: "D" navy label Hidden Bullish: "H" navy label Regular Bearish: "D" red label Hidden Bearish: "H" red label
Divergence screener for Awesome Oscillator Regular Bullish: "D" navy label Hidden Bullish: "H" navy label Regular Bearish: "D" red label Hidden Bearish: "H" red label
Adapted from TradingView's RSI Divergences to instead use Stochastic RSI as the oscillator.
This indicator is a modified version of a stochastic RSI oscillator. I want to share this because it is really good for analysis of divergence between price action and the oscillator. You can also use it to trade overbought and oversold conditions. To find out more what a divergences is when we talk about trading. Take a look at this: medium.com