OPEN-SOURCE SCRIPT
Aggiornato ATR Divergences [UAlgo]
Divergence is a concept in financial markets that highlights inconsistencies between the price of an asset and a given indicator. This script focuses on identifying divergences using the Average True Range (ATR). Divergence occurs when there is a disparity between the direction of the price and the oscillator, providing valuable insights for traders anticipating potential trend reversals.
This script employs pivot points (with using High-Low values of the candles) to identify potential divergences between the oscillator (ATR) and price movements. Here's how each type of divergence is determined:
Key Features:
Regular Bullish Divergence:
Oscillator registers a higher low.
Price records a lower low.
Indicative of potential upward reversal.
https://www.tradingview.com/x/xLEQJE2z
Hidden Bullish Divergence:
Oscillator indicates a lower low.
Price exhibits a higher low.
Signals a concealed bullish continuation pattern.
https://www.tradingview.com/x/9uO7iasN
Regular Bearish Divergence:
Oscillator shows a lower high.
Price marks a higher high.
Suggests a possible downward reversal.
https://www.tradingview.com/x/gEQu4eGy
Hidden Bearish Divergence:
Oscillator reflects a higher high.
Price displays a lower high.
Indicates a hidden bearish continuation pattern.
https://www.tradingview.com/x/patPpoRt
Usage and Customization:
ATR Length: Adjustable parameter for customizing the Average True Range calculation period.
Plot Options: Choose to display Regular Bullish, Hidden Bullish, Regular Bearish, and/or Hidden Bearish divergences.
Wait for Candle Close: Option to wait for candle closure before plotting signals.
How to Interpret:
Regular divergences may indicate potential trend reversals, while hidden divergences suggest a continuation of the current trend. Traders can leverage these signals to make informed decisions in their trading strategies.
Feel free to customize the parameters based on your trading preferences. Happy Trading!
This script employs pivot points (with using High-Low values of the candles) to identify potential divergences between the oscillator (ATR) and price movements. Here's how each type of divergence is determined:
Key Features:
Regular Bullish Divergence:
Oscillator registers a higher low.
Price records a lower low.
Indicative of potential upward reversal.
https://www.tradingview.com/x/xLEQJE2z
Hidden Bullish Divergence:
Oscillator indicates a lower low.
Price exhibits a higher low.
Signals a concealed bullish continuation pattern.
https://www.tradingview.com/x/9uO7iasN
Regular Bearish Divergence:
Oscillator shows a lower high.
Price marks a higher high.
Suggests a possible downward reversal.
https://www.tradingview.com/x/gEQu4eGy
Hidden Bearish Divergence:
Oscillator reflects a higher high.
Price displays a lower high.
Indicates a hidden bearish continuation pattern.
https://www.tradingview.com/x/patPpoRt
Usage and Customization:
ATR Length: Adjustable parameter for customizing the Average True Range calculation period.
Plot Options: Choose to display Regular Bullish, Hidden Bullish, Regular Bearish, and/or Hidden Bearish divergences.
Wait for Candle Close: Option to wait for candle closure before plotting signals.
How to Interpret:
Regular divergences may indicate potential trend reversals, while hidden divergences suggest a continuation of the current trend. Traders can leverage these signals to make informed decisions in their trading strategies.
Feel free to customize the parameters based on your trading preferences. Happy Trading!
Note di rilascio
Pinescript version update.Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
All scripts & Content Provided by UAlgo Are For Informational & Educational Purposes Only.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
All scripts & Content Provided by UAlgo Are For Informational & Educational Purposes Only.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.