OPEN-SOURCE SCRIPT
Mawreez' Aggregated Divergences
Automatically detect regular and hidden divergences in multiple oscillators and visualize them through creative use of the histogram plot. I've open-sourced the code behind the indicator so that any user or their tech-savvy friend may easily add more oscillators of their choice.
Known bugs:
Planned features:
Known bugs:
- When two divergences occur within the same lookback period, only the first one is found.
- There is some overhead when searching for tops and bottoms.
- The oscillator and price source are still allowed to cross the trendline connecting their respective tops and bottoms.
Planned features:
- Some mechanism to warn for divergences which are still awaiting confirmation.
- More sophisticated method for finding tops and bottoms.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.