Time Segmented Volume with divergence and Kumo cloud background

This is a Time Segmented Volume (TSV) indicator with added divergence hunter, crossing signals, Kumo cloud background and alert functions

Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first!

Release Notes

Added more Signals

Release Notes

You can now select your favorite Moving Average method. Also changed some settings for better and more reliable divergence detection. If you feel that the divergence hunter is repainting or lagging too much, try to reduce the Pivot Lookback to Left and Right.

Release Notes

Cosmetic changes, you can now pick the color of the oscillator when its above or under the 0-line

Release Notes

update to pinescript 5 and minor bugfixes along the way

AdonisWerther

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

AdonisWerther

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.