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Search in scripts for "Divergence"

ArcTan Oscillator [LuxAlgo]The following indicator is a normalized oscillator making use of the arc tangent sigmoid function (ArcTan), this allows to "squarify" the output result, thus visually filtering out certain variations originally in the oscillator. The magnitude of this effect can be controlled by the user. The indicator contains a gradient that shows the possibility of a reversal, with red colors indicating that a reversal might occur. Settings Length : Period of the oscillator Pre-Gain : Changes the amplitude of the oscillator before passing through the ArcTan function, this allows to amplify/reduce the "squarification" effect introduced by this function. In order to make it easier for the user, the setting is in a (-10,10) range, with negative values reducing the amplitude and positive one increasing it. Src : Source input of the indicator Usage The oscillator can be used to determine the direction of the trend by looking at its sign, if the oscillator is positive, market is up-trending, else down-trending, based on this usage the user might not be interested to look at every variations produced by the oscillator, this is where the hyperbolic tangent function and pre-gain setting can be useful, by using an high value of pre-gain the user will be able to only focus on the sign of the oscillator. Here pre-gain is set to 5, we can see that the oscillator is now easier to visualize. However, the use of sigmoid functions remove useful information for a trader that needs to find divergences, this is where using a negative value of the pre-gain setting will result useful. Here pre-gain is set to -5. The indicator makes use of a gradient to show potential reversals, this gradient is determined by the correlation between the oscillator and the price (this is a way to measure potential divergences). If the color is closer to red it means that a potential reversal might occur, it is possible to say in which direction price might go by looking at the sign of the oscillator, so if the gradient is red and the oscillator is negative price might rise. The gradient is not affected by the pre-gain setting.
Pine Script® indicator
by LuxAlgo
4
unRekt - KISS MarsieMarsie is an EMA-RSI indicator and part of the 'keeping it simple' series that have a similar color scheme. The RSI 'Relative Strength Index' is a momentum oscillator, measuring the velocity and magnitude of directional price movements. it is measured from 0 - 100 with 30 and 70 being low "oversold" and high "overbought" conditions. It is also commonly used to determine bullish or bearish divergences. The EMA aspect is the 'Exponential Moving Average' which has had the RSI calculation added to it and acts a signal line when the RSI crosses it for buy and sell opportunities.
Pine Script® indicator
by Upland
2
Double MACD Buy and SellIndicator for strategy that was used in a Forex competition and was a winner. Use double MACD with custom settings, search video on YouTube: Learn Five Powerful MACD Trading Strategies Add some tools to analyze the market context a little more: - Detector of regular and hidden divergences. - Atlas Zone (detects consolidation that is about to generate a movement) - Choppines zone configurable (detects if the market is stable or not) Visualization of entries in trend and counter-trend according to the rules described in the video. Buy and sell alerts. Note: I do not recommend using only this indicator as an investment strategy, it is another tool that must be complemented with a market study by the trader.
Pine Script® indicator
by Dreadblitz
54
MACD/Histogram Divergence ToolThis MACD/Histogram indicator helps me to identify divergences and crosses without much effort. The MACD line is green during a positive cross, and red during a negative. My favourite feature is the following: when the histogram changes direction, the histogram bars become yellow, which should help you locate divergences without straining yourself. Example: Upticking (Green) histogram begins to downtick, turns Yellow. Downticking (Red) histogram begins to uptick, turns Yellow as well.
Pine Script® indicator
by mrahme97
MACD (The Moving Average Convergence Divergence)The Moving Average Convergence Divergence (MACD) is a momentum indicator used in technical analysis to identify trends, measure their strength, and signal potential reversals. It is calculated by subtracting the 26-period Exponential Moving Average (EMA) from the 12-period EMA, creating the MACD line. A 9-period EMA of the MACD line, known as the signal line, is then plotted to generate buy or sell signals. Positive MACD values suggest upward momentum, while negative values indicate downward momentum. Traders often watch for crossovers, divergences, and movements relative to the zero line to make informed decisions.
Pine Script® indicator
by BFAS76
RSI DivergenceThe code originally belongs to Matthew J. Slabosz, the founder of Zen Trading (The Art of Trading). ✍️📈 👉 My contribution and improvement was adding a divergence line directly on the RSI chart. Why? Because most people can’t confirm correctness just by reading the code. 🧑‍💻❌ They need to see it with their own eyes 👀✔️ — this prevents misinterpretation and makes divergences crystal clear. ✨ By adding these visual confirmations, the efficiency and usability of the code has been significantly enhanced. 🚀📊
Pine Script® indicator
by scalpingwhisper
1
SMT Divergence [TakingProphets]The SMT (Smart Money Technique) Divergence indicator identifies potential market manipulation and smart money footprints by comparing price action between correlated instruments. It uses a dual-detection system to catch both frequent local SMTs and larger structural SMTs: • Primary detection uses a shorter lookback period (default 5) to identify common SMT patterns • Secondary detection uses a longer lookback period (default 8) to catch larger structural SMTs • Automatically filters significant moves to prevent noise • Labels are placed clearly outside of price action for better visibility • Toggle between showing all SMTs or only significant liquidity sweeps Compare any two instruments to spot divergences in their price action. Particularly useful for: - Futures vs Spot markets - Related currency pairs - Index vs its components - Any correlated instruments Default settings are optimized for intraday trading but can be adjusted for different timeframes. Note: This indicator works best when comparing closely correlated instruments and should be used alongside other technical analysis tools.
Pine Script® indicator
by TakingProphets
2
Discovery IndexThe Discovery Index is an original technical indicator which attempts to display directional market pressure and momentum based on accumulated candle-over-candle measurements. Discovery , in this context, is the act of finding (discovering) New Highs and Lows. > What is 'Discovery' Not to be confused with "Price Discovery", the term for setting the spot price of an asset. The term 'Discovery' in Discovery Index is used based on the literal definition of 'Discovery', such as, the action of finding what was previously unknown. Given this definition, Discovery is the difference between highs or lows only when the current high is higher than the previous high or the current low is lower than the previous low. Below is a visual example of exactly where Discovery is seen from each candle. Since discovery is only based on points of the candle, and not specifically the direction of the candle; it is possible for discovery to occur in both directions from the same candle. It is also possible for no discovery to occur from a candle. > Calculation The Discovery Index is the Net Total of discovery data over a specified length of bars. Discovery Index = Sum of Upwards Discovery + Sum of Downwards Discovery Note: Upwards Discovery is always Positive, and Downwards Discovery is always Negative. By adding both together, their Net Total is produced. This value is the "Discovery Index". Wick Calculation Example > Volume Discovery Using Volume for the Discovery Index Calculation allows for a different dimension to be added to the data for new analysis opportunities. While volume data is only a single value, by accumulating this data over time, we are able to fabricate a candle body from the data by accounting for the direction of the chart candles. This allows for the Calculation of the Discovery Index based on volume data. Volume Example > Display The display uses a "Candlestick histogram" display. The bodies and wicks from the display represent the discovery data from the respective points in each candle. (Wick Discovery & Candle Body Discovery). This style of histogram allows for the display of both data sources, preserving the accuracy and distinction between each type, while also providing a clean display. > Considerations Discovery index is not an Oscillator, since there are no upper or lower boundaries to its rotations. There are not (at this time) any "Over-bought" or "Over-sold" Areas, this is partially due to the previous consideration since any levels for these could potentially change from chart to chart. Additionally, it would generally be better to read the data based on the context of the current market. Non-directional movements effect the Discovery Index as well. Since Discovery does not occur from every bar, the Index reflects hesitations as well as movements in market direction. With the option to input a symbol, the Discovery Index Indicator is not constrained to one chart ticker for its calculation and could help to see shifts between different symbols, making it easier to compare different assets. With the separation of wicks and candle body data, a stronger move may be observed by its full-bodied movements, while a potentially more speculative move may be seen from large wick movements. Since wicks are often interpreted as either, Rejection for reversal OR as Testing for continuation, the interpretation for Wick Discovery generally varies based on context. Discovery Index ⇾ Divergences! Due to its calculation, price (and/or volume) data is displayed in such a way that makes it useful as a tool for identifying divergence opportunities. Remember, this indicator is lookback based. An immediate significant change from the data source (if not offset by a similar opposite change) will be represented for multiple bars after its occurrence. Due to this, data is likely to be skewed or biased from these occurrences for a period of time after. Throughout development, "Discovery" has been shortened to just "Disco", therefore, this indicator is also an attempt to bring Disco Back. Enjoy!
Pine Script® indicator
by SamRecio
1
Adaptive MACD [LuxAlgo]The Adaptive MACD indicator is an adaptive version of the popular Moving Average Convergence Divergence (MACD) oscillator, returning longer-term variations during trending markets and cyclic variations during ranging markets while filtering out noisy variations. 🔶 USAGE The proposed oscillator contains all the elements within a regular MACD, such as a signal line and histogram. A MACD value above 0 would indicate up-trending variations, while a value under 0 would be indicating down-trending variations. Just like most oscillators, our proposed Adaptive MACD is able to return divergences with the price. As we can see in the image above ranging markets will make the Adaptive MACD more conservative toward more cyclical conservations, filtering out both noise and longer-term variations. However, when longer-term variations (such as in a trending market) are prominent the oscillator will conserve longer-term variations. The R2 Period setting determines when trending/ranging markets are detected, with higher values returning indications for longer intervals. The fast and slow settings will act similarly to the regular MACD, however, closer values will return more cyclical outputs. The image above compares our proposed MACD (top) with a regular MACD (bottom), both using fast = 19 and slow = 20 . 🔶 DETAILS It is common to be solely interested in the trend component when the market is trending, however, during a ranging market it is more common to observe a more prominent cyclical/noise component. We want to be able to preserve one of the components at the appropriate market conditions, however, the regular MACD lack the ability to preserve cyclical component with high accuracy. The MACD is an IIR bandpass filter. In order to obtain a lower passband bandwidth and a more symmetrical magnitude response (which would allow to conserve more precise cyclical variations) we can directly change the system calculation: y = (price - price ) × g + ((1 - a1) + (1 - a2)) × y - (1 - a1) × (1 - a2) × y where: a1 = 2/(fast + 1) a2 = 2/(slow + 1) g = a1 - a2 Using division instead of multiplication on the second feedback weight allows further weighting the 2 samples lagged output, returning a more desirable magnitude response with a higher degree of filtering on both ends of the spectrum as shown in the image below: We are interested in conserving cycles during ranging markets, and longer-term variations during trending markets, we can do this by interpolating between our two filter coefficients: α × + (1 - α) × where 1 > α > 0 . α is measuring if the market is trending or ranging, with values closer to 1 indicating a trending market. We see that for higher values of α the original coefficient of the MACD is used. The image below shows various magnitude responses given multiple values of α : We use a rolling R-Squared as α , this measurement has the benefit of indicating if the market is trending or ranging, as well as being constrained within range (0, 1), and having a U-shaped distribution. If you are interested to learn more about the MACD see: 🔶 SETTINGS R2 Period: Calculation window of the R-Squared. Fast: Fast period for the calculation of the Adaptive MACD, lower values will return more noisy results. Slow: Slow period for the calculation of the Adaptive MACD, higher values will return result with longer-term conserved variations. Signal: Period of the EMA applied to the Adaptive MACD.
Pine Script® indicator
by LuxAlgo
15
4x Stochastic Dingue4 Stochastic indicator into 1. Different lengths produce short-term and long-term indicators that can help with finding the trend and impulses within the trend. It can also find reversal points when all 4 are at the extreme at the same time. Ex. All 4 Stoch are above 90 or under 10 !! This could signal a bottom or top is soon to happen. (This is not always true as it depends on many factors.) Many visual options make it even more customizable. Fill between Stoch, background colors, Crosses. Divergences are not always accurate, depending on settings and timeframe, but they can be useful in certain situations. --------------------- In closing, no indicator can give perfect signals, you need to use them in conjunction with other information to make better decisions. I hope you like my indicators and that they help your trading. If you have any questions please ask. Thank you.
Pine Script® indicator
by CryptoDINGUE