This is a pretty straightforward script that adds alerts to Pekipek's excellent PPO Divergence indicator and changes the visuals a bit. You can have the alerts fire on these events:
Purple Circle (bullish signal) Orange Circle (bearish signal) Green Dot (High Point) Red Dot (Low Point)
I use this on daily Forex charts to get alerts when purple or orange dots show. As you can see, it catches a lot of big moves, some of which can give insane returns if you're 200x leveraged on the likes of 1Broker.com. In regards to reducing false signals, I'm getting good results with a Williams %R but would love to hear any suggestions.
Edit: Oops. Box #6 in the example should be yellow, not purple.
@himanshu91, Good if you could say how you did it for people in future!
scarf
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@yolo12, Just click the alert button at the top, the one with the alarm clock, then set your preference in there. The alerts are hard-coded so it should be pretty clear
payitforward_2
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@scarf, Can alerts be triggered off bullish or bearish divergences? This may be the confusion people are having.
gumbyguy
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Hi, Do you have an explanation for the different divergence codes? In the "Style" section I see: "Bullish Divergence1", "Bearish Divergence1","Bullish Divergence2", "Bearish Divergence2" up to #4. What are the different criteria for these triggers?
Talos_Principle
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Hello, thank you for your amazing work.
I have a question, PPO Divergence Alerts and V2 with Overlays are given different signals, is this intended?
cheers
Gregg_s
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Hey, whats the difference between divergence 3 and 4?
And tyvm for the great work!
stockspy
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This is great. I use it ontop of Murrey's Math Oscillator as well as CMW's Vix Fix.
scarf
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@stockspy, Hi. I'm only seeing this now, but am very interested. Can you explain how you use all three together?