OPEN-SOURCE SCRIPT
VMDiv Chart
VMDiv is an advanced divergence detection system that goes beyond
traditional oscillator-based approaches. Instead of relying on standard
indicators like RSI or MACD, this system uses a custom-built Volume
Momentum Oscillator that intelligently combines:
🔹 EMA Momentum Analysis (Fast/Slow crossover dynamics)
🔹 Bollinger Band Positioning (Normalized price distance from mean)
🔹 Adaptive Blending (User-adjustable momentum vs. mean-reversion weight)
This hybrid approach captures BOTH momentum extremes AND overextension
conditions, resulting in more reliable divergence signals.
traditional oscillator-based approaches. Instead of relying on standard
indicators like RSI or MACD, this system uses a custom-built Volume
Momentum Oscillator that intelligently combines:
🔹 EMA Momentum Analysis (Fast/Slow crossover dynamics)
🔹 Bollinger Band Positioning (Normalized price distance from mean)
🔹 Adaptive Blending (User-adjustable momentum vs. mean-reversion weight)
This hybrid approach captures BOTH momentum extremes AND overextension
conditions, resulting in more reliable divergence signals.
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.
U cant change what U don't measure, U cant measure what U don't track. Journal the damn thing!
VISIT FOR GIVEAWAYS AND DISCOUNTS!!
makingtradesmatter.carrd.co/
PROPRIETARY TRADING SOFTWARE
TradeHook.Tech
Beta Testers Wanted!
VISIT FOR GIVEAWAYS AND DISCOUNTS!!
makingtradesmatter.carrd.co/
PROPRIETARY TRADING SOFTWARE
TradeHook.Tech
Beta Testers Wanted!
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.
U cant change what U don't measure, U cant measure what U don't track. Journal the damn thing!
VISIT FOR GIVEAWAYS AND DISCOUNTS!!
makingtradesmatter.carrd.co/
PROPRIETARY TRADING SOFTWARE
TradeHook.Tech
Beta Testers Wanted!
VISIT FOR GIVEAWAYS AND DISCOUNTS!!
makingtradesmatter.carrd.co/
PROPRIETARY TRADING SOFTWARE
TradeHook.Tech
Beta Testers Wanted!
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.