OPEN-SOURCE SCRIPT

Divergence Histogram for Many Indicator

Aggiornato
Hello Traders,

This script analyses divergences for 11 predefined indicators and then draws column on the graph. Red columns for negatif divergence (means prices may go down or trend reversal), Lime columns for positive divergences (means prices may go up or trend reversal)

The script uses Pivot Points and on each bar it checks divergence between last Pivot Point and current High/Low and if it finds any divergence then immediately draws column. There is no Latency/Lag.

There are predefined 11 indicators in the script, which are RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, Diosc, VWMACD, CMF and MFI.

Smaller Pivot Point Period check smaller areas and if you use smaller numbers it would be more sensitive and may give alerts very often. So you should set it accordingly.

There is "Check Cut-Through in indicators" option, I recomment you to enable it. it checks that there is cut-through in indicators or not, if no cut-through then it's shown as valid divergence.


You should see following one as well if you haven't yet:
Divergence for many indicator v3



Enjoy!
Note di rilascio
labels added for number of divergences
both divergences show above 0 line with different colors (users request)
Centered OscillatorsDivergencedivergenceslonesomethebluenegativedivergenceOscillatorspositivedivergenceVolatility

Script open-source

In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

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