Divergence for Many Indicators v4 Screener

Oct 20

▋ INTRODUCTION:
The “Divergence for Many Indicators v4 Screener” is developed to provide an advanced monitoring solution for up to 24 symbols simultaneously. It efficiently collects signals from multiple symbols based on the “Divergence for Many Indicators v4” and presents the output in an organized table. The table includes essential details starting with the symbol name, signal price, corresponding divergence indicator, and signal time.

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▋ CREDIT:
The divergence formula adapted from the “Divergence for Many Indicators v4” script, originally created by LonesomeTheBlue. Full credit to his work.

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▋ OVERVIEW:

The chart image can be considered an example of a recorded divergence signal that occurred in BTCUSDT.

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▋ APPEARANCE:
The table can be displayed in three formats:
1. Full indicator name.
2. First letter of the indicator name.
3. Total number of divergences.


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▋ SIGNAL CONFIRMATION:
The table distinguishes signal confirmation by using three different colors:
1. Not-Confirmed (Orange): The signal is not confirmed yet, as the bar is still open.
2. Freshly Confirmed (Green): The signal was confirmed 1 or 2 bars ago.
3. Confirmed (Gray): The signal was confirmed 3 or more bars ago.


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▋ INDICATOR SETTINGS:
Section(1): Table Settings

(1) Table location on the chart.
(2) Table’s cells size.
(3) Chart’s timezone.
(4) Sorting table.
           - Signal: Sorts the table by the latest signals.
           - None: Sorts the table based on the input order.
(5) Table’s colors.
(6) Signal Confirmation type color. Explained above in the SIGNAL CONFIRMATION section

Section(2): Divergence for Many Indicators v4 Settings

As seen on the Divergence for Many Indicators v4
* Explained above in the APPEARANCE section

Section(3): Symbols

(1) Enable/disable symbol in the screener.
(2) Entering a symbol.

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▋ FINAL COMMENTS:

• For best performance, add the Screener indicator to an active symbol chart, such as QQQ, SPY, AAPL, BTCUSDT, ES, EURUSD, etc., and avoid mixing symbols from different market allocations.
  
• The Divergence for Many Indicators v4 Screener indicator is not a primary tool for making trading decisions.