After using many different divergence scripts, I struggled to find one that didn't indiscriminately signal a constant divergence while the price was trending.
This study attempts to solve this issue, along with filtering out false signals. I have found it to print less signals and to be more accurate.
It also gives you a confluence level between high probability...
Hello all,
As my RSI divergences script became popular, I got few requests for making divergences scripts on other indicators.
One of most popular and requested indicators next to RSI is OBV (on balance volume) which measures buy and sell volume based on candle close (green/red).
So finally, here it is, divergences script for OBV. I'll probably also make candle...
Just playing around with some ideas I had with On Balance Volume (OBV). Added a divergence spotter and EMA's that all uses OBV as a source. Let me know if you have any feedback!
My main use of OBV:
1) Confirm trend continuation: When price has a clear trend, OBV should be aligned with the trend.
2) Discover price reversal: When price and OBV moves in opposite...
Most financial markets tend to trade within a reasonable range between 60-75% of the time (don't ask for a reference because I couldn't find it), so swing trading with a trend isn't always viable -- so how do we take money out of the market?
If you're familiar with scalping low time frames for 20 or 30 ticks, you'll know how difficult it is to time your entry and...
This Indicator based on RSI Divergence with Overbought and oversold signals.
All tops and bottoms calculated with Moving Average Crosses and combines with RSI signals.
Best working Timeframe is H4 on current settings, you can modify values to find best for you.
Current settings best for BTC trading.
At the beginning it can confuse you to understand but you will...
Same as my protected script but you can now see the code
This Study plots divergences and overlays a second %K as a fractal and changes the color of %D for the non fractal
Option to use Stochastic RSI for Fractal
Background Shading according to trend
Feel Free to change the indicator values to suit your style / system
The divergence script is thanks to...
This Indicator overlays Divergences lines and labels on the chart from multiple sources including RSI, RSI Signal Line and 2 Stochastics and more
The Colors and Labels match my other Divergence Indicators
The divergence script is thanks to @RicardoSantos, I've just adjusted it to suite my indicator
Remember that divergences work best when traded with the trend or...
DepthHouse - Peak Divergence indicator uses the same linear regression calculation as my Peak Momentum Oscillator to help determine and plot peak momentum points.
These peak levels are then plotted by either red or green lines above or below the candle.
Red lines represent a peak in bear momentum while green represents peaks in bull momentum.
These...
Overlays Knoxville Divergence on your Chart
These don't occur very often but when they do they are best used in conjunction with Rob Booker Reversal Tabs
This indicator helps you defining your max sizing, depending on the max $$$ amount you're willing to risk against a specific exponential moving average (or VWAP, default is the 13ema).
You can define your max risk amount and your max allowed sizing. The indicator would suggest the best sizing in order to risk only up to the amount you are comfortable with on a...
Combo of many useful indicators which includes fib lines, time and money channels and divergence buy sell signals
Credits for source code:
Scarf, Lazybear, 100kiwi
The indicator discovers profitable patterns by associating Price Season of multiple timeframes.
Full Name: 9 Seasons Rainbow - Multiple TimeFrames Associated Price Wave Pattern Indicator
Version: Invite-Only STANDARD-A
This is a sibling version OF “9 Seasons Rainbow Multi TimeFrames Pattern Standard ” with some functions for developing needs, without update...
![USDEUR: 9 Seasons Rainbow Multi TimeFrames Pattern Standard-A [9SRSAEN]](https://s3.tradingview.com/w/wlBAXy4y_mid.png "9 Seasons Rainbow Multi TimeFrames Pattern Standard-A [9SRSAEN]")
