OPEN-SOURCE SCRIPT
Updated Divergences: Price × RSI × OBV
The Triple Confirmation Divergence indicator is a sophisticated momentum and volume-based tool designed to identify high-probability trend exhaustion points and potential reversals. It moves beyond traditional single-indicator divergence analysis by synthesizing signals from three core pillars of technical analysis: Price Action, Momentum, and Volume Flow.
This indicator works better on the time frames: 1H, 4H, 1D, 1W and 1M.
This indicator works better on the time frames: 1H, 4H, 1D, 1W and 1M.
Release Notes
Description in english.Release Notes
This is the new version.Now it's validate two other indicators to set buy or sell.
Triangular Hull Moving Average (THMA): This is a calculation that combines multiples with weighted moving averages to create a faster, yet smoother trendline. It aims to react quickly to price movements without sacrificing smoothness.
Volatility: The indicator visualizes market volatility to complement the trendline, helping traders understand the strength of trends.
Integration: By combining the two, the indicator allows traders to follow trends with more confidence, while also providing a visual alert about how volatile the market is at that moment.
It is worth highlighting that this indicator now validates 6 indicators simultaneously: price, volume, OBV, RSI, THMA, and Volatility.
Someday I'll translate all the code into English; for now, I'm too lazy.
Based on the validations I've done, the best short-term results are from the 5-minute timeframe.
Give it a like if you enjoyed it!
XAUUSDRelease Notes
Atualizando melhorias de calibração das divergências!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.