[TrustedSignals] Oscillator Divergences

Divergences are powerful tools that assess the price momentum and the likelihood of a price reversal. A positive divergence occurs when the price of an asset makes a new low while an oscillator, starts to climb. Conversely, a negative divergence is when the price makes a new high but the oscillator analyzed makes a lower high.

Once again, with the idea of providing an All-in-One indicator, this script can display the Divergences in up to 9 most used oscillators (RSI, Stochastic RSI, Stochastic, Williams%, MFI, ChangeMO, CCI, BB %B) including our own branded no-lag ‘TS Oscillator’

We have also included an optional custom no-lag smoothing function, that allows the user to smooth out the noise on all the oscillators and increase their accuracy, without delaying the actual data. This feature can be turned off if necessary and the smoothing length can be manually adjusted.

After the user selects from the first input the desired oscillator, the indicator can display Regular and Hidden Divergences on the chart.
The lookback period of the divergences is also fully configurable, as the settings for each of our individual oscillators.

Release Notes

Update
- Added alerts option for divergences
- Added 2 new oscillators: WaveTrend and DSS Bressert

Release Notes

Minor Update
- Added more alert options

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 TrustedSignals directly.

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Author's instructions

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

TrustedSignals

Trusted Indicators
Visit: TrustedSignals.com or TrustedIndicators.com

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