RealTime Wave Divergence Signals

This indicator comes from the same algo family as our CryptoWave Pro and SmartWave, but focuses on real time divergence detection.

Unlike the divergence detection in CryptoWave Pro (and pretty much all divergence scripts here on TradingView), this one does not have a 2 bar delay.

The pros of this is that you can catch moves much earlier, but also the main con being that at times you will get faked out.

Using proper risk and trade management this can work out to be a great strategy to use for either manual or automated trading.

Signals produced are entries for Longs and Shorts, but can also be used as exits if you wish.

Release Notes

Added in Alert Syntax for the Bullish and Bearish Divergence Signals.

Release Notes

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Update : Changed default settings to fix lookback error.

Invite-only script

Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact CryptoProTools directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

Warning: please read our guide for invite-only scripts before requesting access.

CryptoProTools

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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.