RealTime Wave Divergence Signals — Indicator by CryptoProTools

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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

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact CryptoProTools for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

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.

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