OPEN-SOURCE SCRIPT

Ata Low rsi macd aomacd stochastic and divergenses

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Brief Description of the Script
The script is a multi‑indicator trading tool for the TradingView platform (Pine Script v5) that combines several technical analysis elements to help traders identify market trends, potential reversals, and entry/exit points.

Pine Script®
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Key features:

Multiple Oscillators
The user can select one of four oscillators to display:

RSI (Relative Strength Index) — identifies overbought/oversold conditions;

Stoch (Stochastic Oscillator) — detects potential reversals via %K and %D line interactions;

MACD (Moving Average Convergence/Divergence) — shows trend direction and momentum shifts;

AO+MACD — combines Awesome Oscillator (AO) for momentum with MACD for trend confirmation.

Divergence Detection
Identifies four types of price‑oscillator divergences:

Bullish regular (price lows vs. higher oscillator lows);

Bullish hidden (higher price lows vs. lower oscillator lows);

Bearish regular (price highs vs. lower oscillator highs);

Bearish hidden (lower price highs vs. higher oscillator highs).
Divergences are marked on the chart with labels and lines.

Customizable Parameters
Users can adjust:

Oscillator periods (e.g., RSI length, Stoch K/D smoothing, MACD fast/slow/signal lengths);

Source prices (close, high, low, etc.);

Visual settings (colors, line widths, label styles);

Divergence sensitivity (minimum bars between swing points).

Trend and Volatility Analysis

EMA crossover (fast/slow) to determine trend direction;

ATR‑based volatility score (1–5 scale);

RSI‑derived trend strength (1–50 scale);

ADX filter to confirm trend strength (>20).

Additional Signals

Awesome Oscillator “Tea Saucer” patterns for potential long/short entries;

Fibonacci‑Bollinger bands to spot price deviations and reversal zones;

Volume filter to confirm reversals;

Session timing table (optional) showing active/upcoming market sessions (Asia, London, NYSE, etc.).

Visual Outputs

Plots for selected oscillator (RSI, Stoch, MACD, or AO);

Shaded zones (e.g., RSI overbought/oversold areas);

Divergence lines and labels (color‑coded by type);

Reversal “circles” (blue for bullish, red for bearish);

Summary label with trend direction, volatility, and strength;

Optional session timing table.

Purpose:
To provide a comprehensive view of market momentum, trend, and potential reversal setups by combining oscillator crossovers, divergences, volatility, volume, and session context — helping traders time entries and exits across multiple timeframes.

Pernyataan Penyangkalan

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