OPEN-SOURCE SCRIPT
Divergence Detector [KTY]
[KTY] Divergence Detector
Hi, I'm Kim Thank You ๐
KTY = Kim Thank You (๊น๋กํ)
Detects divergences in real-time across 6 indicators: MACD, RSI, Stochastic, CCI, Momentum, MFI.
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ FEATURES
- Multi-Indicator Detection
- Scans 6 indicators simultaneously
- MACD, RSI, Stochastic, CCI, Momentum, MFI
- Divergence Types
- Bullish Divergence (Green): Price lower low, indicator higher low โ โ
- Bearish Divergence (Red): Price higher high, indicator lower high โ โ
- Visual Display
- Arrow lines connecting pivot points
- Labels showing indicator names with direction (โ/โ)
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ HOW TO USE
- Bullish divergence โ Check for potential upward move
- Bearish divergence โ Check for potential downward move
- Multiple indicators diverging โ Higher reliability
- Combine with S/R levels for confirmation
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ก TIPS
- Divergence indicates "possibility" not certainty
- Strong trends may ignore divergences
- Higher timeframe divergences are more reliable
- Use with other indicators for confirmation
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ ๏ธ DISCLAIMER
This indicator is for educational purposes only.
Not financial advice. Always do your own research.
Hi, I'm Kim Thank You ๐
KTY = Kim Thank You (๊น๋กํ)
Detects divergences in real-time across 6 indicators: MACD, RSI, Stochastic, CCI, Momentum, MFI.
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ FEATURES
- Multi-Indicator Detection
- Scans 6 indicators simultaneously
- MACD, RSI, Stochastic, CCI, Momentum, MFI
- Divergence Types
- Bullish Divergence (Green): Price lower low, indicator higher low โ โ
- Bearish Divergence (Red): Price higher high, indicator lower high โ โ
- Visual Display
- Arrow lines connecting pivot points
- Labels showing indicator names with direction (โ/โ)
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ HOW TO USE
- Bullish divergence โ Check for potential upward move
- Bearish divergence โ Check for potential downward move
- Multiple indicators diverging โ Higher reliability
- Combine with S/R levels for confirmation
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
๐ก TIPS
- Divergence indicates "possibility" not certainty
- Strong trends may ignore divergences
- Higher timeframe divergences are more reliable
- Use with other indicators for confirmation
โโโโโโโโโโโโโโโโโโโโโโโโโโโโโโโ
โ ๏ธ DISCLAIMER
This indicator is for educational purposes only.
Not financial advice. Always do your own research.
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.
Hi, I'm Kim Thank You ๐
KTY = Kim Thank You (๊น๋กํ)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience ๐
KTY = Kim Thank You (๊น๋กํ)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience ๐
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.
Hi, I'm Kim Thank You ๐
KTY = Kim Thank You (๊น๋กํ)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience ๐
KTY = Kim Thank You (๊น๋กํ)
After years of trading, I've studied countless technical analysis methods.
Now I create and share indicators based on that experience ๐
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.