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Cari skrip untuk "Divergence"

Willams %R extreme and MACD DivergenceThis is two different indicators combine into one. First is the two different period of Williams% 5 mins and 15 mins. Second is the MACD line of 5 mins chart. Both will be primarily use on the 5 mins chart, you can use on another time frame if you wish Williams %: green = uptrending red = downtrending Bright green: overbought condition, look to Short at the end of the signal Bright Red: oversold condition, look to Long at the end of the signal MACD: I also added the MACD line which you can use for divergence when price move higher and MACD is moving down, expecting price to drop sometime soon or vice versa. See chart for example.
Indikator Pine Script®
oleh CooperHoang
14
ridenz rsi"Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. If the stock is rising and making new highs, ideally the RSI is reaching new highs as well. If the stock is making new highs, but the RSI starts making lower highs, this warns the price uptrend may be weakening. This is negative divergence. Positive divergence is the opposite situation. Imagine the price of a stock is making new lows while the RSI makes higher lows with each swing in the stock price. Investors may conclude that the lower lows in the stock price are losing their downward momentum and a trend reversal may soon follow. Divergence is one of the common uses of many technical indicators, primarily the oscillators."
Indikator Pine Script®
oleh rmancastro
Divergence Volume of BiznesFilosofThis indicator warns in advance about impending trouble. And also prepares in advance for a new rally. It also shows the ratio of volumes in dollars to the actual volume of the instrument. We can see when whales accumulate positions and carry extra passengers into the market. More details about this indicator on my channel in YouTube. === Этот индикатор предупреждает заранее о надвигающейся беде. А также готовит заранее к новому ралли. Также он показывает соотношение объемов в долларах к фактическому объёму инструмента. Мы можем видеть когда киты накапливают позиции и выносят лишних пассажиров в срынка. Более подробно про этот индикатор на моём канале в Ютуб.
Indikator Pine Script®
oleh volondbf
6
Force Pulse█ OVERVIEW Force Pulse is a fast-reacting oscillator that measures the internal strength of market sides by analyzing the aggregated dominance of bulls and bears based on candle size. The indicator normalizes this difference into a 0–100 range, generates signals (OB/OS, midline cross, MA midline cross), and detects divergences between price and the oscillator. It also offers advanced visualization, signal markers, and alerts, making it a versatile tool suitable for many trading styles. █ CONCEPTS Force Pulse was designed as a universal tool that can be applied to various trading strategies depending on its settings: - increasing the period lengths and smoothing transforms it into a momentum/trend indicator, revealing a stable dominance of one market side. - Lowering these parameters turns it into a peak/low detector, ideal for contrarian and mean-reversion strategies. The oscillator analyzes the relationship between the sum of bullish and bearish candles over a selected period, based on: - candle body size, or - average candle body size (AVG Body). Depending on the selected mode, OB/OS levels should be adjusted, as value dynamics differ between modes. The output is normalized to 0–100, where: > 50 – bullish dominance, < 50 – bearish dominance. The additional MA line is derived from smoothed oscillator values and serves as a signal line for midline crosses and as a trend filter. The indicator also detects divergences (HL/LL) between price and the oscillator. █ FEATURES Bull & Bear Strength: - Calculations are based on Body or AVG Body – mode selection requires adjusting OB/OS levels. - Bullish and bearish candle values are summed separately. - All results are normalized to the 0–100 scale. Force Pulse Oscillator: - The main line reflects the current dominance of either market side. Dynamic colors: - Green – above 50, - Red – below 50. Signal MA: - SMA based on oscillator values functions as a signal line. - Helps detect momentum shifts and generates signals via midline crosses. - Can serve as a trend confirmation filter. Overbought / Oversold: - Configurable OB/OS levels, also for the MA line. - Dynamic OB/OS line colors: when the MA line exceeds the defined threshold (e.g., MA > maOverbought or MA < maOversold), OB/OS lines change color (red/green). - This often signals a potential reversal or correction and may act as additional confirmation for oscillator-generated signals. Divergences: - Detection based on swing pivots: - Bullish: price LL, oscillator HL - Bearish: price HH, oscillator LH - Displayed as “Bull” / “Bear” labels. Signals: Supports multiple signal types: - Overbought/Oversold Cross - Midline Cross - MA Midline Cross (based on the signal MA line) - Signals appear as triangles above/below the oscillator. Visualization: - Gradient options for lines and levels. - Full customization of colors, transparency, and line thickness. Alerts available for: - Divergences - OB/OS crossings - Midline crossings - MA midline crossings █ HOW TO USE Add the indicator to your TradingView chart → Indicators → search “Force Pulse” Parameter Configuration Calculation Settings: - Calculation Period (lookback) – defines the strength calculation window. Force Mode (Body / AVG Body): - Body – faster response, higher sensitivity. - AVG Body – more stable output; adjust band levels and periods to your strategy. - EMA Smoothing (smoothLen) – reduces oscillator noise. - MA Length – length of the signal line (SMA). Threshold Levels: - Set Overbought/Oversold levels for both the oscillator and the MA line. - Adjust levels depending on Body / AVG Body mode. Divergence Detection: - Enable/disable divergence detection. - PivotLength affects both delay and signal quality. - Signal Settings: Choose one or multiple signal types. - Style & Colors: Full control over color schemes, gradients, and transparency. Signal Interpretation BUY: - Oscillator leaves oversold (OS crossover). - Midline cross upward. - MA crosses the midline from below. - Bullish divergence. SELL: - Oscillator leaves overbought (drops below OB). - Midline cross downward. - MA crosses the midline from above. - Bearish divergence. Trend / Momentum: -Longer periods and stronger smoothing → stable directional signals. -MA as a trend filter: e.g., signal line above the midline (50) and MA pointing upward indicates continuation of a bullish impulse. Contrarian / Mean Reversion: - Short periods → rapid detection of peaks and troughs; ideal for contrarian signals and pullback entries. █ APPLICATIONS - Trend Trading: Using midline and MA midline crosses to determine direction. - Reversal Trading: OB/OS levels and divergences help identify reversals. - Scalping & Intraday: Short settings + signal line above the midline with bullish MA → shows short-term impulse and continuation. - Swing Trading: Longer MA and higher lookback provide a stable view of market-side dominance. - Momentum Analysis: Force Pulse highlights the strength of the wave before price movement occurs. █ NOTES - In strong trends, the oscillator may stay in extreme zones for a long time — this reflects dominance, not necessarily a reversal signal. - Divergences are more reliable on higher timeframes. - OB/OS levels should be tailored to Body/AVG Body mode and the instrument. - Best results come from combining the indicator with other tools (S/R, market structure, volume).
Indikator Pine Script®
oleh Uncle_the_shooter
FluxPulse Beacon## FluxPulse Beacon FluxPulse Beacon applies a microstructure lens to every bar, combining directional thrust, realized volatility, and multi-timeframe liquidity checks to decide whether the tape is being pushed by real sponsorship or just noise. The oscillator's color-coded columns and adaptive burst thresholds transform complex flow dynamics into a single actionable flux score for futures and equities traders. HOW IT WORKS Momentum Extraction – Price differentials over a configurable pulse distance are smoothed using exponential moving averages to isolate directional thrust without reacting to single prints. Volatility + Liquidity Normalization – The momentum stream is divided by realized volatility and multiplied by both local and higher-timeframe EMA volume ratios, ensuring pulses only appear when volatility and liquidity align. Adaptive Thresholding – A volatility-derived standard deviation of flux is blended with the base threshold so bursts scale automatically between low-volatility and high-volatility market conditions. Divergence Engine – Linear regression slopes compare price vs. flux to tag bullish/bearish divergences, highlighting stealth accumulation or distribution zones. HOW TO USE IT Continuation Entries : Go with the trend when histogram bars stay above the adaptive threshold, the signal line confirms, and trend bias agrees—this is where liquidity-backed follow-through lives. Fade Plays : Watch for divergence alerts and shrinking compression values; when flux prints below zero yet price grinds higher, hidden selling pressure often precedes rollovers. Session Filter : Compression percentage in the diagnostics table instantly tells you whether to trade thin overnight sessions—low compression means stand down. VISUAL FEATURES Dynamic background heat maps flux magnitude, while threshold lines provide a quick read on whether a pulse is statistically significant. Diagnostics table displays live flux, signal, adaptive threshold, and compression for quick reference. Alert-first workflow: The surface is intentionally clean—bursts and divergences are delivered via alerts instead of on-chart clutter. PARAMETERS Trend EMA Length (default: 34): Defines the macro bias anchor; increase for higher-timeframe confirmation. Pulse Distance (default: 8): Controls how sensitive momentum extraction becomes. Volatility Window (default: 21): Sample window for realized volatility normalization. Liquidity Window (default: 55): Volume smoothing window that proxies liquidity expansion. Liquidity Reference TF (default: 60): Select a higher timeframe to cross-check whether current volume matches institutional flows. Adaptive Threshold (default: enabled): Disable for fixed thresholds on slower markets; enable for high-volatility assets. Base Burst Threshold (default: 1.25): Minimum flux magnitude that qualifies as an actionable pulse. ALERTS The indicator includes four alert conditions: Bull Burst: Detects upside liquidity pulses Bear Burst: Detects downside liquidity pulses Bull Divergence: Flags bullish delta divergence Bear Divergence: Flags bearish delta divergence LIMITATIONS This indicator is designed for liquid futures and equity markets. Performance may degrade in low-volume or highly illiquid instruments. The adaptive threshold system works best on timeframes where sufficient volatility history exists (typically 15-minute charts and above). Divergence signals are probabilistic and should be confirmed with price action. INSERT_CHART_SNAPSHOT_URL_HERE --- ## RangeLattice Mapper RangeLattice Mapper constructs a higher-timeframe scaffolding on any intraday chart, locking in structural highs/lows, mid/quarter grids, VWAP confluence, and live acceptance/break analytics. It provides a non-repainting overlay that turns range management into a disciplined process. HOW IT WORKS Structure Harvesting – Using request.security() , the script samples highs/lows from a user-selected timeframe (default 240 minutes) over a configurable lookback to establish the dominant range. Grid Construction – Midpoint and quarter levels are derived mathematically, mirroring how institutional traders map distribution/accumulation zones. Acceptance Detection – Consecutive closes inside the range flip an acceptance flag and darken the cloud, signaling balanced auction conditions. Break Confirmation – Multi-bar closes outside the structure raise break labels and alerts, filtering the countless fake-outs that plague breakout traders. VWAP Fan Overlay – Session VWAP plus ATR-based bands provide a live measure of flow centering relative to the lattice. HOW TO USE IT Range Plays : Fade taps of the outer rails only when acceptance is active and VWAP sits inside the grid—this is where mean-reversion works best. Breakout Plays : Wait for confirmed break labels before entering expansion trades; the dashboard's Width/ATR metric tells you if the expansion has enough fuel. Market Prep : Carry the same lattice from pre-market into regular trading hours by keeping the structure timeframe fixed; alerts keep you notified even when managing multiple tickers. VISUAL FEATURES Range Tap and Mid Pivot markers provide a tape-reading breadcrumb trail for journaling. Cloud fill opacity tightens when acceptance persists, visually signaling balance compressions ready to break. Dashboard displays absolute width, ATR-normalized width, and current state (Balanced vs Transitional) so you can glance across charts quickly. Acceptance Flag toggle: Keep the repeated acceptance squares hidden until you need to audit balance. PARAMETERS Structure Timeframe (default: 240): Choose the timeframe whose ranges matter most (4H for indices, Daily for stocks). Structure Lookback (default: 60): Bars sampled on the structure timeframe. Acceptance Bars (default: 8): How many consecutive bars inside the range confirm balance. Break Confirmation Bars (default: 3): Bars required outside the range to validate a breakout. ATR Reference (default: 14): ATR period for width normalization. Show Midpoint Grid (default: enabled): Display the midpoint and quarter levels. Show Adaptive VWAP Fan (default: enabled): Toggle the VWAP channel for assets where volume distribution matters most. Show Acceptance Flags (default: disabled): Turn the acceptance markers on/off for maximum visual control. Show Range Dashboard (default: enabled): Disable if screen space is limited, re-enable during prep sessions. ALERTS The indicator includes five alert conditions: Range High Tap: Price interacted with the RangeLattice high Range Low Tap: Price interacted with the RangeLattice low Range Mid Tap: Price interacted with the RangeLattice mid Range Break Up: Confirmed upside breakout Range Break Down: Confirmed downside breakout LIMITATIONS This indicator works best on liquid instruments with clear structural levels. On very low timeframes (1-minute and below), the structure may update too frequently to be useful. The acceptance/break confirmation system requires patience—faster traders may find the multi-bar confirmation too slow for scalping. The VWAP fan is session-based and resets daily, which may not suit all trading styles. ---
Indikator Pine Script®
oleh officialjackofalltrades
Hybrid -WinCAlgo/// 🇬🇧 Hybrid - WinCAlgo is a weighted composite oscillator designed to provide a more robust and reliable signal than the standard Relative Strength Index (RSI). It integrates four different momentum and volume metrics—RSI, Money Flow Index (MFI), Scaled CCI, and VWAP-RSI—into a single 0-100 oscillator. This powerful tool aims to filter market noise and enhance the detection of trend reversals by confirming momentum with trading volume and volume-weighted average price action. ⚪ What is this Indicator? The Hybrid Oscillator combines: * RSI (40% Weight): Measures fundamental price momentum. * VWAP-RSI (40% Weight): Measures the momentum of the Volume Weighted Average Price (VWAP), providing strong volume confirmation for trend strength. * MFI (10% Weight): Measures money flow volume, confirming momentum with liquidity. * Scaled CCI (10% Weight): Tracks market extremes and potential trend shifts, scaled to fit the 0-100 range. ⚪ Key Features * Composite Strength: Blends four different market factors for a multi-dimensional view of momentum. * Volume Integration: High weights on VWAP-RSI and MFI ensure that momentum signals are backed by trading volume. * Advanced Divergence: The robust formula significantly enhances the detection of Bullish and Bearish Divergences, often providing an earlier signal than traditional oscillators. * Customizable: Adjustable Lookback Length (N) and Individual Component Weights allow users to fine-tune the oscillator for specific assets or timeframes. * Visual Clarity: Uses 40/60 bands for earlier Overbought/Oversold indications, with a gradient-styled background for intuitive visual interpretation. ⚪ Usage Use Hybrid – WinCAlgo as your primary momentum confirmation tool: * Divergence Signals: Trust the indicator when it fails to confirm new price highs/lows; this signals imminent trend exhaustion and reversal. * Accumulation/Distribution: Look for the oscillator to rise/fall while the price is ranging at a bottom/top; this confirms hidden buying or selling (accumulation). * Overbought/Oversold: Use the 60 band as the trigger for potential selling/shorting signals, and the 40 band for potential buying/longing signals. * Noise Filter: Combine with a higher timeframe chart (e.g., 4H or Daily) to filter out gürültü (noise) and focus only on significant momentum shifts. ---
Indikator Pine Script®
oleh WinningCircle300
1
WSMR v3.9 — WhaleSplash → Mean Reversal # WSMR v3.9 — WhaleSplash → Mean Reversal *A Non-Repainting Impulse‑Reversal Engine for Systematic Futures Trading* ## Overview WSMR v3.9 is a complete impulse → exhaustion → mean‑reversion framework designed for systematic intraday trading. It identifies high‑energy displacement events (“WhaleSplashes”), measures volatility structure, tracks VWAP deviation, and confirms reversals using RSI divergence, Z‑Score resets, SMA20 reclaim, and pivot-based structure. All signals are non‑repainting and alerts fire on bar close. --- ## Core Components ### 1. WhaleSplash (Short Impulse Event) Triggered when a candle meets displacement conditions: - Large bar range vs ATR - Minimum % move - Volume expansion - VWAP deviation (tick-based) - Z‑Score oversold / RSI exhaustion - Volatility-gated ### 2. Mean Reversal Long (MR) Requires: - RSI bullish divergence - Z‑Score reset - SMA20 reclaim - Higher-low confirmation ### 3. First-Candle Confirmation (Optional) - MR Confirm → first green after MR - WS Confirm → first red after WS - TTL window configurable ### 4. Asia Session Filter Optional restriction to: **23:00 → 09:00 UTC** ### 5. Volatility Monitor Detects: - Normal - Wicky - Spiky - Extreme ### 6. WS Frequency Analytics Rolling frequency calculation across: - Bars / Days / Weeks / Months --- ## Status Panel (Top-Right) Shows: - Mode (Global / Asia-only) - Timeframe + TTL - WS frequency - Volatility state --- ## Alerts - WhaleSplash SHORT - WhaleSplash LONG (MR) - MR Confirm LONG - WS Confirm SHORT - Volatility Warning --- ## Notes - Fully non‑repainting - Stable bar-close logic - Optimised for 1m–5m - Works on futures, indices, metals, FX
Indikator Pine Script®
oleh JohnFrancisNolan
SuperTrend Oscillator MTF█ OVERVIEW SuperTrend Oscillator MTF is a multi-timeframe version of the classic SuperTrend converted into an oscillator. Instead of drawing the SuperTrend line on the price chart, it displays the distance of the close from the SuperTrend line simultaneously for the current timeframe and two additional timeframes. This allows you to instantly see the trend direction and strength across three selected timeframes in a single window. █ CONCEPT The classic SuperTrend value is subtracted from price and normalized so that trend direction can be directly compared across different timeframes without switching charts. - Value above zero = price below SuperTrend line → bearish trend - Value below zero = price above SuperTrend line → bullish trend - The further away from zero, the stronger the trend. █ FEATURES - Three SuperTrend Oscillator lines: current TF, TF1 and TF2 - Automatic detection of 3-timeframe agreement - BUY and SELL labels that appear only when all three timeframes turn in the same direction at the same moment - Circle signals on every zero-line cross of the current timeframe - Configurable soft gradient fill (can be disabled) - Zero line changes color (green/red/gray) depending on 3-TF agreement - Fully customizable colors for each timeframe - Built-in alerts for all signal types █ HOW TO USE Add the indicator to the chart → set two additional timeframes and adjust ATR Period and Factor to suit your trading style. Main settings: - ATR Period → default 10 - Factor → default 3.0 (higher = fewer signals) - TF 1 and TF 2 → any timeframes (e.g. 1H+4H, 4H+D, D+W, etc.) - Enable gradient → turn fill on/off - Show BUY/SELL labels (3 TF agreement) → enable/disable the strongest signals Interpretation: Two types of signals: - Green/red circles → current timeframe changes trend direction (faster signal) - BUY/SELL labels → all three timeframes simultaneously switch to the same direction (strongest confluence) - Additionally, the zero line turns green or red when all three trends are aligned. █ APPLICATIONS Perfect for: - Trend-following with multi-timeframe confirmation - Filtering false breakouts on lower timeframes - Scalping & day trading (use fast circle signals) - Swing & position trading (wait for full 3-TF agreement) Best combined with: - Support/resistance levels and supply/demand zones – enter long after a confirmed breakout and retest of a key level (e.g. Change of Character, Break of Structure, Order Block, 0.618–0.786 Fibonacci) only when the oscillator shows 3-TF agreement or at least a bullish circle. Hold the trade to the next significant resistance/supply zone. - Volume and Volume Profile – confirm move strength with rising volume and high-volume nodes at the breakout level. Declining volume while moving away from zero may signal trend exhaustion. - Classic oscillators (RSI, Stochastic, MACD) – use primarily for spotting divergences and overbought/oversold conditions. One of the safest exits is when a regular or hidden divergence appears on RSI/Stochastic in an extreme zone, even if SuperTrend Oscillator MTF still shows alignment. █ NOTES - Works on all markets and all timeframes - BUY/SELL labels (3-TF agreement) are the cleanest and strongest signals - Circle signals are faster but more prone to noise - Higher ATR Period = fewer signals, higher quality
Indikator Pine Script®
oleh Uncle_the_shooter
WaveTrend With Divs & RSI(STOCH) Divs by WeloTradesWaveTrend with Divergences & RSI(STOCH) Divergences by WeloTrades Overview The "WaveTrend With Divergences & RSI(STOCH) Divergences" is an advanced Pine Script™ indicator designed for TradingView, offering a multi-dimensional analysis of market conditions. This script integrates several technical indicators—WaveTrend, Money Flow Index (MFI), RSI, and Stochastic RSI—into a cohesive tool that identifies both regular and hidden divergences across these indicators. These divergences can indicate potential market reversals and provide critical trading opportunities. This indicator is not just a simple combination of popular tools; it offers extensive customization options, organized data presentation, and valuable trading signals that are easy to interpret. Whether you're a day trader or a long-term investor, this script enhances your ability to make informed decisions. Originality and Usefulness The originality of this script lies in its integration and the synergy it creates among the indicators used. Rather than merely combining multiple indicators, this script allows them to work together, enhancing each other's strengths. For example, by identifying divergences across WaveTrend, RSI, and Stochastic RSI simultaneously, the script provides multiple layers of confirmation, which reduces the likelihood of false signals and increases the reliability of trading signals. The usefulness of this script is apparent in its ability to offer a consolidated view of market dynamics. It not only simplifies the analytical process by combining different indicators but also provides deeper insights through its divergence detection features. This comprehensive approach is designed to help traders identify potential market reversals, confirm trends, and ultimately make more informed trading decisions. How the Components Work Together 1. Cross-Validation of Signals WaveTrend: This indicator is primarily used to identify overbought and oversold conditions, as well as potential buy and sell signals. WaveTrend's ability to smooth price data and reduce noise makes it a reliable tool for identifying trend reversals. RSI & Stochastic RSI: These momentum oscillators are used to measure the speed and change of price movements. While RSI identifies general overbought and oversold conditions, Stochastic RSI offers a more granular view by tracking the RSI’s level relative to its high-low range over a period of time. When these indicators align with WaveTrend signals, it adds a layer of confirmation that enhances the reliability of the signals. Money Flow Index (MFI): This volume-weighted indicator assesses the inflow and outflow of money in an asset, giving insights into buying and selling pressure. By analyzing the MFI alongside WaveTrend and RSI indicators, the script can cross-validate signals, ensuring that buy or sell signals are supported by actual market volume. Example Bullish scenario: When a bullish divergence is detected on the RSI and confirmed by a corresponding bullish signal on the WaveTrend, along with an increasing Money Flow Index, the probability of a successful trade setup increases. This cross-validation minimizes the risk of acting on false signals, which might occur when relying on a single indicator. Example Bearish scenario: When a bearish divergence is detected on the RSI and confirmed by a corresponding bearish signal on the WaveTrend, along with an decreasing Money Flow Index, the probability of a successful trade setup increases. This cross-validation minimizes the risk of acting on false signals, which might occur when relying on a single indicator. 2. Divergence Detection and Market Reversals Regular Divergences: Occur when the price action and an indicator (like RSI or WaveTrend) move in opposite directions. Regular bullish divergence signals a potential upward reversal when the price makes a lower low while the indicator makes a higher low. Conversely, regular bearish divergence suggests a downward reversal when the price makes a higher high, but the indicator makes a lower high. Hidden Divergences: These occur when the price action and indicator move in the same direction, but with different momentum. Hidden bullish divergence suggests the continuation of an uptrend, while hidden bearish divergence suggests the continuation of a downtrend. By detecting these divergences across multiple indicators, the script identifies potential trend reversals or continuations with greater accuracy. Example: The script might detect a regular bullish divergence on the WaveTrend while simultaneously identifying a hidden bullish divergence on the RSI. This combination suggests that while a trend reversal is possible, the overall market sentiment remains bullish, providing a nuanced view of the market. A Regular Bullish Divergence Example: A Hidden Bullish Divergence Example: A Regular Bearish Divergence Example: A Hidden Bearish Divergence Example: 3. Trend Strength and Sentiment Analysis WaveTrend: Measures the strength and direction of the trend. By identifying the extremes of market sentiment (overbought and oversold levels), WaveTrend provides early signals for potential reversals. Money Flow Index (MFI): Assesses the underlying sentiment by analyzing the flow of money. A rising MFI during an uptrend confirms strong buying pressure, while a falling MFI during a downtrend confirms selling pressure. This helps traders assess whether a trend is likely to continue or reverse. RSI & Stochastic RSI: Offer a momentum-based perspective on the trend’s strength. High RSI or Stochastic RSI values indicate that the asset may be overbought, suggesting a potential reversal. Conversely, low values indicate oversold conditions, signaling a possible upward reversal. Example: During a strong uptrend, the WaveTrend & RSI's might signal overbought conditions, suggesting caution. If the MFI also shows decreasing buying pressure and the RSI reaches extreme levels, these indicators together suggest that the trend might be weakening, and a reversal could be imminent. Example: During a strong downtrend, the WaveTrend & RSI's might signal oversold conditions, suggesting caution. If the MFI also shows increasing buying pressure and the RSI reaches extreme levels, these indicators together suggest that the trend might be weakening, and a reversal could be imminent. Conclusion The "WaveTrend With Divergences & RSI(STOCH) Divergences" script offers a powerful, integrated approach to technical analysis by combining trend, momentum, and sentiment indicators into a single tool. Its unique value lies in the cross-validation of signals, the ability to detect divergences, and the comprehensive view it provides of market conditions. By offering traders multiple layers of analysis and customization options, this script is designed to enhance trading decisions, reduce false signals, and provide clearer insights into market dynamics. WAVETREND Display of WaveTrend: Display of WaveTrend Setting: WaveTrend Indicator Explanation The WaveTrend indicator helps identify overbought and oversold conditions, as well as potential buy and sell signals. Its flexibility allows traders to adapt it to various strategies, making it a versatile tool in technical analysis. WaveTrend Input Settings: WT MA Source: Default: HLC3 What it is: The data source used for calculating the WaveTrend Moving Average. What it does: Determines the input data to smooth price action and filter noise. Example: Using HLC3 (average of High, Low, Close) provides a smoother data representation compared to using just the closing price. Length (WT MA Length): Default: 3 What it is: The period used to calculate the Moving Average. What it does: Adjusts the sensitivity of the WaveTrend indicator, where shorter lengths respond more quickly to price changes. Example: A length of 3 is ideal for short-term analysis, providing quick reactions to price movements. WT Channel Length & Average: Default: WT Channel Length = 9, Average = 12 What it is: Lengths used to calculate the WaveTrend channel and its average. What it does: Smooths out the WaveTrend further, reducing false signals by averaging over a set period. Example: Higher values reduce noise and help in identifying more reliable trends. Channel: Style, Width, and Color: What it is: Customization options for the WaveTrend channel's appearance. What it does: Adjusts how the channel is displayed, including line style, width, and color. Example: Choosing an area style with a distinct color can make the WaveTrend indicator clearly visible on the chart. WT Buy & Sell Signals: What it is: Settings to enable and customize buy and sell signals based on WaveTrend. What it does: Allows for the display of buy/sell signals and customization of their shapes and colors. When it gives a Buy Signal: Generated when the WaveTrend line crosses below an oversold level and then rises back, indicating a potential upward price movement. When it gives a Sell Signal: Triggered when the WaveTrend line crosses above an overbought level and then declines, suggesting a possible downward trend. Example: The script identifies these signals based on mean reversion principles, where prices tend to revert to the mean after reaching extremes. Traders can use these signals to time their entries and exits effectively. WAVETREND OVERBOUGTH AND OVERSOLD LEVELS Display of WaveTrend with Overbought & Oversold Levels: Display of WaveTrend Overbought & Oversold Levels Settings: WaveTrend Overbought & Oversold Levels Explanation WT OB & OS Levels: Default: OB Level 1 = 53, OB Level 2 = 60, OS Level 1 = -53, OS Level 2 = -60 What it is: The default overbought and oversold levels used by the WaveTrend indicator to signal potential market reversals. What it does: When the WaveTrend crosses above the OB levels, it indicates an overbought condition, potentially signaling a reversal or selling opportunity. Conversely, when it crosses below the OS levels, it indicates an oversold condition, potentially signaling a reversal or buying opportunity. Example: A trader might use these levels to time entry or exit points, such as selling when the WaveTrend crosses into the overbought zone or buying when it crosses into the oversold zone. Show OB/OS Levels: Default: True What it is: Toggle options to show or hide the overbought and oversold levels on your chart. What it does: When enabled, these levels will be visually represented on your chart, helping you to easily identify when the market reaches these critical thresholds. Example: Displaying these levels can help you quickly see when the WaveTrend is approaching or has crossed into overbought or oversold territory, allowing for more informed trading decisions. Line Style, Width, and Color for OB/OS Levels: What it is: Options to customize the appearance of the OB and OS levels on your chart, including line style (solid, dotted, dashed), line width, and color. What it does: These settings allow you to adjust how prominently these levels are displayed on your chart, which can help you better visualize and respond to overbought or oversold conditions. Example: Setting a thicker, dashed line in a contrasting color can make these levels stand out more clearly, aiding in quick visual identification. Example of Use: Scenario: A trader wants to identify potential selling points when the market is overbought. They set the OB levels at 53 and 60, choosing a solid, red line style to make these levels clear on their chart. As the WaveTrend crosses above 53, they monitor for further price action, and upon crossing 60, they consider initiating a sell order. WAVETREND DIVERGENCES Display of WaveTrend Divergence: Display of WaveTrend Divergence Setting: WaveTrend Divergence Indicator Explanation The WaveTrend Divergence feature helps identify potential reversal points in the market by highlighting divergences between the price and the WaveTrend indicator. Divergences can signal a shift in market momentum, indicating a possible trend reversal. This component allows traders to visualize and customize divergence detection on their charts. WaveTrend Divergence Input Settings: Potential Reversal Range: Default: 28 What it is: The number of bars to look back when detecting potential tops and bottoms. What it does: Sets the range for identifying possible reversal points based on historical data. Example: A setting of 28 looks back across the last 28 bars to find reversal points, offering a balance between responsiveness and reliability. Reversal Minimum LVL OB & OS: Default: OB = 35, OS = -35 What it is: The minimum overbought and oversold levels required for detecting potential reversals. What it does: Adjusts the thresholds that trigger a reversal signal based on the WaveTrend indicator. Example: A higher OB level reduces the sensitivity to overbought conditions, potentially filtering out false reversal signals. Lookback Bar Left & Right: Default: Left = 10, Right = 1 What it is: The number of bars to the left and right used to confirm a top or bottom. What it does: Helps determine the position of peaks and troughs in the price action. Example: A larger left lookback captures more extended price action before the peak, while a smaller right lookback focuses on the immediate past. Lookback Range Min & Max: Default: Min = 5, Max = 60 What it is: The minimum and maximum range for the lookback period when identifying divergences. What it does: Fine-tunes the detection of divergences by controlling the range over which the indicator looks back. Example: A wider range increases the chances of detecting divergences across different market conditions. R.Div Minimum LVL OB & OS: Default: OB = 53, OS = -53 What it is: The threshold levels for detecting regular divergences. What it does: Adjusts the sensitivity of the regular divergence detection. Example: Higher thresholds make the detection more conservative, identifying only stronger divergence signals. H.Div Minimum LVL OB & OS: Default: OB = 20, OS = -20 What it is: The threshold levels for detecting hidden divergences. What it does: Similar to regular divergence settings but for hidden divergences, which can indicate potential reversals that are less obvious. Example: Lower thresholds make the hidden divergence detection more sensitive, capturing subtler market shifts. Divergence Label Options: What it is: Options to display and customize labels for regular and hidden divergences. What it does: Allows users to visually differentiate between regular and hidden divergences using customizable labels and colors. Example: Using different colors and symbols for regular (R) and hidden (H) divergences makes it easier to interpret signals on the chart. Text Size and Color: What it is: Customization options for the size and color of divergence labels. What it does: Adjusts the readability and visibility of divergence labels on the chart. Example: Larger text size may be preferred for charts with a lot of data, ensuring divergence labels stand out clearly. FAST & SLOW MONEY FLOW INDEX Display of Fast & Slow Money Flow: Display of Fast & Slow Money Flow Setting: Fast Money Flow Indicator Explanation The Fast Money Flow indicator helps traders identify the flow of money into and out of an asset over a shorter time frame. By tracking the volume-weighted average of price movements, it provides insights into buying and selling pressure in the market, which can be crucial for making timely trading decisions. Fast Money Flow Input Settings: Fast Money Flow: Length: Default: 9 What it is: The period used for calculating the Fast Money Flow. What it does: Determines the sensitivity of the Money Flow calculation. A shorter length makes the indicator more responsive to recent price changes, while a longer length provides a smoother signal. Example: A length of 9 is suitable for traders looking to capture quick shifts in market sentiment over a short period. Fast MFI Area Multiplier: Default: 5 What it is: A multiplier applied to the Money Flow area calculation. What it does: Adjusts the size of the Money Flow area on the chart, effectively amplifying or reducing the visual impact of the indicator. Example: A higher multiplier can make the Money Flow more prominent on the chart, aiding in the quick identification of significant money flow changes. Y Position (Y Pos): Default: 0 What it is: The vertical position adjustment for the Fast Money Flow plot on the chart. What it does: Allows you to move the Money Flow plot up or down on the chart to avoid overlap with other indicators. Example: Adjusting the Y Position can be useful if you have multiple indicators on the chart and need to maintain clarity. Fast MFI Style, Width, and Color: What it is: Customization options for how the Fast Money Flow is displayed on the chart. What it does: Enables you to choose between different plot styles (line or area), set the line width, and select colors for positive and negative money flow. Example: Using different colors for positive (green) and negative (red) money flow helps to visually distinguish between periods of buying and selling pressure. Slow Money Flow Indicator Explanation The Slow Money Flow indicator tracks the flow of money into and out of an asset over a longer time frame. It provides a broader perspective on market sentiment, smoothing out short-term fluctuations and highlighting longer-term trends. Slow Money Flow Input Settings: Slow Money Flow: Length: Default: 12 What it is: The period used for calculating the Slow Money Flow. What it does: A longer period smooths out short-term fluctuations, providing a clearer view of the overall money flow trend. Example: A length of 12 is often used by traders looking to identify sustained trends rather than short-term volatility. Slow MFI Area Multiplier: Default: 5 What it is: A multiplier applied to the Slow Money Flow area calculation. What it does: Adjusts the size of the Money Flow area on the chart, helping to emphasize the indicator’s significance. Example: Increasing the multiplier can help highlight the Money Flow in markets with less volatile price action. Y Position (Y Pos): Default: 0 What it is: The vertical position adjustment for the Slow Money Flow plot on the chart. What it does: Allows for vertical repositioning of the Money Flow plot to maintain chart clarity when used with other indicators. Example: Adjusting the Y Position ensures that the Slow Money Flow indicator does not overlap with other key indicators on the chart. Slow MFI Style, Width, and Color: What it is: Customization options for the visual display of the Slow Money Flow on the chart. What it does: Allows you to choose the plot style (line or area), set the line width, and select colors to differentiate positive and negative money flow. Example: Customizing the colors for the Slow Money Flow allows traders to quickly distinguish between buying and selling trends in the market. RSI Display of RSI: Display of RSI Setting: RSI Indicator Explanation The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in the market, providing traders with potential signals for buying or selling. RSI Input Settings: RSI Source: Default: Close What it is: The data source used for calculating the RSI. What it does: Determines which price data (e.g., close, open) is used in the RSI calculation, affecting how the indicator reflects market conditions. Example: Using the closing price is standard practice, as it reflects the final agreed-upon price for a given time period. MA Type (Moving Average Type): Default: SMA What it is: The type of moving average applied to the RSI for smoothing purposes. What it does: Changes the smoothing technique of the RSI, impacting how quickly the indicator responds to price movements. Example: Using an Exponential Moving Average (EMA) will make the RSI more sensitive to recent price changes compared to a Simple Moving Average (SMA). RSI Length: Default: 14 What it is: The period over which the RSI is calculated. What it does: Adjusts the sensitivity of the RSI. A shorter length (e.g., 7) makes the RSI more responsive to recent price changes, while a longer length (e.g., 21) smooths out the indicator, reducing the number of signals. Example: A 14-period RSI is commonly used for identifying overbought and oversold conditions, providing a balance between sensitivity and reliability. RSI Plot Style, Width, and Color: What it is: Options to customize the appearance of the RSI line on the chart. What it does: Allows you to adjust the visual representation of the RSI, including the line width and color. Example: Setting a thicker line width and a bright color like yellow can make the RSI more visible on the chart, aiding in quick analysis. Display of RSI with RSI Moving Average: RSI Moving Average Explanation The RSI Moving Average adds a smoothing layer to the RSI, helping to filter out noise and provide clearer signals. It is particularly useful for confirming trend strength and identifying potential reversals. RSI Moving Average Input Settings: MA Length: Default: 14 What it is: The period over which the Moving Average is calculated on the RSI. What it does: Adjusts the smoothing of the RSI, helping to reduce false signals and provide a clearer trend indication. Example: A 14-period moving average on the RSI can smooth out short-term fluctuations, making it easier to spot genuine overbought or oversold conditions. MA Plot Style, Width, and Color: What it is: Customization options for how the RSI Moving Average is displayed on the chart. What it does: Allows you to adjust the line width and color, helping to differentiate the Moving Average from the main RSI line. Example: Using a contrasting color for the RSI Moving Average (e.g., magenta) can help it stand out against the main RSI line, making it easier to interpret the indicator. STOCHASTIC RSI Display of Stochastic RSI: Display of Stochastic RSI Setting: Stochastic RSI Indicator Explanation The Stochastic RSI (Stoch RSI) is a momentum oscillator that measures the level of the RSI relative to its high-low range over a set period of time. It is used to identify overbought and oversold conditions, providing potential buy and sell signals based on momentum shifts. Stochastic RSI Input Settings: Stochastic RSI Length: Default: 14 What it is: The period over which the Stochastic RSI is calculated. What it does: Adjusts the sensitivity of the Stochastic RSI. A shorter length makes the indicator more responsive to recent price changes, while a longer length smooths out the fluctuations, reducing noise. Example: A length of 14 is commonly used to identify momentum shifts over a medium-term period, providing a balanced view of potential overbought or oversold conditions. Display of Stochastic RSI %K Line: Stochastic RSI %K Line Explanation The %K line in the Stochastic RSI is the main line that tracks the momentum of the RSI over the chosen period. It is the faster-moving component of the Stochastic RSI, often used to identify entry and exit points. Stochastic RSI %K Input Settings: %K Length: Default: 3 What it is: The period used for smoothing the %K line of the Stochastic RSI. What it does: Smoothing the %K line helps reduce noise and provides a clearer signal for potential market reversals. Example: A smoothing length of 3 is common, offering a balance between responsiveness and noise reduction, making it easier to spot significant momentum shifts. %K Plot Style, Width, and Color: What it is: Customization options for the visual representation of the %K line. What it does: Allows you to adjust the appearance of the %K line on the chart, including line width and color, to fit your visual preferences. Example: Setting a blue color and a medium width for the %K line makes it stand out clearly on the chart, helping to identify key points of momentum change. %K Fill Color (Above): What it is: The fill color that appears above the %K line on the chart. What it does: Adds visual clarity by shading the area above the %K line, making it easier to interpret the direction and strength of momentum. Example: Using a light blue fill color above the %K line can help emphasize bullish momentum, making it visually prominent. Display of Stochastic RSI %D Line: Stochastic RSI %D Line Explanation The %D line in the Stochastic RSI is a moving average of the %K line and acts as a signal line. It is slower-moving compared to the %K line and is often used to confirm signals or identify potential reversals when it crosses the %K line. Stochastic RSI %D Input Settings: %D Length: Default: 3 What it is: The period used for smoothing the %D line of the Stochastic RSI. What it does: Smooths out the %D line, making it less sensitive to short-term fluctuations and more reliable for identifying significant market signals. Example: A length of 3 is often used to provide a smoothed signal line that can help confirm trends or reversals indicated by the %K line. %D Plot Style, Width, and Color: What it is: Customization options for the visual representation of the %D line. What it does: Allows you to adjust the appearance of the %D line on the chart, including line width and color, to match your preferences. Example: Setting an orange color and a thicker line width for the %D line can help differentiate it from the %K line, making crossover points easier to spot. %D Fill Color (Below): What it is: The fill color that appears below the %D line on the chart. What it does: Adds visual clarity by shading the area below the %D line, making it easier to interpret bearish momentum. Example: Using a light orange fill color below the %D line can highlight bearish conditions, making it visually easier to identify. RSI & STOCHASTIC RSI OVERBOUGHT AND OVERSOLD LEVELS Display of RSI & Stochastic with Overbought & Oversold Levels: Display of RSI & Stochastic Overbought & Oversold Settings: RSI & Stochastic Overbought & Oversold Levels Explanation The Overbought (OB) and Oversold (OS) levels for RSI and Stochastic RSI indicators are key thresholds that help traders identify potential reversal points in the market. These levels are used to determine when an asset is likely overbought or oversold, which can signal a potential trend reversal. RSI & Stochastic Overbought & Oversold Input Settings: RSI & Stochastic Level 1 Overbought (OB) & Oversold (OS): Default: OB Level = 170, OS Level = 130 What it is: The first set of thresholds for determining overbought and oversold conditions for both RSI and Stochastic RSI indicators. What it does: When the RSI or Stochastic RSI crosses above the overbought level, it suggests that the asset might be overbought, potentially signaling a sell opportunity. Conversely, when these indicators drop below the oversold level, it suggests the asset might be oversold, potentially signaling a buy opportunity. Example: If the RSI crosses above 170, traders might look for signs of a potential trend reversal to the downside, while a cross below 130 might indicate a reversal to the upside. RSI & Stochastic Level 2 Overbought (OB) & Oversold (OS): Default: OB Level = 180, OS Level = 120 What it is: The second set of thresholds for determining overbought and oversold conditions for both RSI and Stochastic RSI indicators. What it does: These levels provide an additional set of reference points, allowing traders to differentiate between varying degrees of overbought and oversold conditions, potentially leading to more refined trading decisions. Example: When the RSI crosses above 180, it might indicate an extreme overbought condition, which could be a stronger signal for a sell, while a cross below 120 might indicate an extreme oversold condition, which could be a stronger signal for a buy. RSI & Stochastic Overbought (OB) Band Customization: OB Level 1: Width, Style, and Color: What it is: Customization options for the visual appearance of the first overbought band on the chart. What it does: Allows you to set the line width, style (solid, dotted, dashed), and color for the first overbought band, enhancing its visibility on the chart. Example: A dashed red line with medium width can clearly indicate the first overbought level, helping traders quickly identify when this threshold is crossed. OB Level 2: Width, Style, and Color: What it is: Customization options for the visual appearance of the second overbought band on the chart. What it does: Allows you to set the line width, style, and color for the second overbought band, providing a clear distinction from the first band. Example: A dashed red line with a slightly thicker width can represent a more significant overbought level, making it easier to differentiate from the first level. RSI & Stochastic Oversold (OS) Band Customization: OS Level 1: Width, Style, and Color: What it is: Customization options for the visual appearance of the first oversold band on the chart. What it does: Allows you to set the line width, style (solid, dotted, dashed), and color for the first oversold band, making it visually prominent. Example: A dashed green line with medium width can highlight the first oversold level, helping traders identify potential buying opportunities. OS Level 2: Width, Style, and Color: What it is: Customization options for the visual appearance of the second oversold band on the chart. What it does: Allows you to set the line width, style, and color for the second oversold band, providing an additional visual cue for extreme oversold conditions. Example: A dashed green line with a thicker width can represent a more significant oversold level, offering a stronger visual cue for potential buying opportunities. RSI DIVERGENCES Display of RSI Divergence Labels: Display of RSI Divergence Settings: RSI Divergence Lookback Explanation The RSI Divergence settings allow traders to customize the parameters for detecting divergences between the RSI (Relative Strength Index) and price action. Divergences occur when the price moves in the opposite direction to the RSI, potentially signaling a trend reversal. These settings help refine the accuracy of divergence detection by adjusting the lookback period and range. ( NOTE: This setting only imply to the RSI. This doesn't effect the STOCHASTIC RSI. ) RSI Divergence Lookback Input Settings: Lookback Left: Default: 10 What it is: The number of bars to look back from the current bar to detect a potential divergence. What it does: Defines the left-side lookback period for identifying pivot points in the RSI, which are used to spot divergences. A longer lookback period may capture more significant trends but could also miss shorter-term divergences. Example: A setting of 10 bars means the script will consider pivot points up to 10 bars before the current bar to check for divergence patterns. Lookback Right: Default: 1 What it is: The number of bars to look forward from the current bar to complete the divergence pattern. What it does: Defines the right-side lookback period for confirming a potential divergence. This setting helps ensure that the identified divergence is valid by allowing the script to check subsequent bars for confirmation. Example: A setting of 1 bar means the script will look at the next bar to confirm the divergence pattern, ensuring that the signal is reliable. Lookback Range Min: Default: 5 What it is: The minimum range of bars required to detect a valid divergence. What it does: Sets a lower bound on the range of bars considered for divergence detection. A lower minimum range might capture more frequent but possibly less significant divergences. Example: Setting the minimum range to 5 ensures that only divergences spanning at least 5 bars are considered, filtering out very short-term patterns. Lookback Range Max: Default: 60 What it is: The maximum range of bars within which a divergence can be detected. What it does: Sets an upper bound on the range of bars considered for divergence detection. A larger maximum range might capture more significant divergences but could also include less relevant long-term patterns. Example: Setting the maximum range to 60 bars allows the script to detect divergences over a longer timeframe, capturing more extended divergence patterns that could indicate major trend reversals. RSI Divergence Explanation RSI divergences occur when the RSI indicator and price action move in opposite directions, signaling potential trend reversals. This section of the settings allows traders to customize the appearance and detection of both regular and hidden bullish and bearish divergences. RSI Divergence Input Settings: R. Bullish Div Label: Default: True What it is: An option to display labels for regular bullish divergences. What it does: Enables or disables the visibility of labels that mark regular bullish divergences, where the price makes a lower low while the RSI makes a higher low, indicating a potential upward reversal. Example: A trader might use this to spot buying opportunities in a downtrend when a bullish divergence suggests the trend may be reversing. Bullish Label Color, Line Width, and Line Color: What it is: Settings to customize the appearance of regular bullish divergence labels. What it does: Allows you to choose the color of the labels, adjust the width of the divergence lines, and select the color for these lines. Example: Selecting a green label color and a distinct line width makes bullish divergences easily recognizable on your chart. R. Bearish Div Label: Default: True What it is: An option to display labels for regular bearish divergences. What it does: Enables or disables the visibility of labels that mark regular bearish divergences, where the price makes a higher high while the RSI makes a lower high, indicating a potential downward reversal. Example: A trader might use this to spot selling opportunities in an uptrend when a bearish divergence suggests the trend may be reversing. Bearish Label Color, Line Width, and Line Color: What it is: Settings to customize the appearance of regular bearish divergence labels. What it does: Allows you to choose the color of the labels, adjust the width of the divergence lines, and select the color for these lines. Example: Choosing a red label color and a specific line width makes bearish divergences clearly stand out on your chart. H. Bullish Div Label: Default: False What it is: An option to display labels for hidden bullish divergences. What it does: Enables or disables the visibility of labels that mark hidden bullish divergences, where the price makes a higher low while the RSI makes a lower low, indicating potential continuation of an uptrend. Example: A trader might use this to confirm an existing uptrend when a hidden bullish divergence signals continued buying strength. Hidden Bullish Label Color, Line Width, and Line Color: What it is: Settings to customize the appearance of hidden bullish divergence labels. What it does: Allows you to choose the color of the labels, adjust the width of the divergence lines, and select the color for these lines. Example: A softer green color with a thinner line width might be chosen to subtly indicate hidden bullish divergences, keeping the chart clean while providing useful information. H. Bearish Div Label: Default: False What it is: An option to display labels for hidden bearish divergences. What it does: Enables or disables the visibility of labels that mark hidden bearish divergences, where the price makes a lower high while the RSI makes a higher high, indicating potential continuation of a downtrend. Example: A trader might use this to confirm an existing downtrend when a hidden bearish divergence signals continued selling pressure. Hidden Bearish Label Color, Line Width, and Line Color: What it is: Settings to customize the appearance of hidden bearish divergence labels. What it does: Allows you to choose the color of the labels, adjust the width of the divergence lines, and select the color for these lines. Example: A muted red color with a thinner line width might be selected to indicate hidden bearish divergences without overwhelming the chart. Divergence Text Size and Color: Default: S (Small) What it is: Settings to adjust the size and color of text labels for RSI divergences. What it does: Allows you to customize the size and color of text labels that display the divergence information on the chart. Example: Choosing a small text size with a bright white color can make divergence labels easily readable without taking up too much space on the chart. STOCHASTIC DIVERGENCES Display of Stochastic RSI Divergence Labels: Display of Stochastic RSI Divergence Settings: Stochastic RSI Divergence Explanation Stochastic RSI divergences occur when the Stochastic RSI indicator and price action move in opposite directions, signaling potential trend reversals. These settings allow traders to customize the detection and visual representation of both regular and hidden bullish and bearish divergences in the Stochastic RSI. Stochastic RSI Divergence Input Settings: R. Bullish Div Label: Default: True What it is: An option to display labels for regular bullish divergences in the Stochastic RSI. What it does: Enables or disables the visibility of labels that mark regular bullish divergences, where the price makes a lower low while the Stochastic RSI makes a higher low, indicating a potential upward reversal. Example: A trader might use this to spot buying opportunities in a downtrend when a bullish divergence in the Stochastic RSI suggests the trend may be reversing. Bullish Label Color, Line Width, and Line Color: What it is: Settings to customize the appearance of regular bullish divergence labels in the Stochastic RSI. What it does: Allows you to choose the color of the labels, adjust the width of the divergence lines, and select the color for these lines. Example: Selecting a blue label color and a distinct line width makes bullish divergences in the Stochastic RSI easily recognizable on your chart. R. Bearish Div Label: Default: True What it is: An option to display labels for regular bearish divergences in the Stochastic RSI. What it does: Enables or disables the visibility of labels that mark regular bearish divergences, where the price makes a higher high while the Stochastic RSI makes a lower high, indicating a potential downward reversal. Example: A trader might use this to spot selling opportunities in an uptrend when a bearish divergence in the Stochastic RSI suggests the trend may be reversing. Bearish Label Color, Line Width, and Line Color: What it is: Settings to customize the appearance of regular bearish divergence labels in the Stochastic RSI. What it does: Allows you to choose the color of the labels, adjust the width of the divergence lines, and select the color for these lines. Example: Choosing an orange label color and a specific line width makes bearish divergences in the Stochastic RSI clearly stand out on your chart. H. Bullish Div Label: Default: False What it is: An option to display labels for hidden bullish divergences in the Stochastic RSI. What it does: Enables or disables the visibility of labels that mark hidden bullish divergences, where the price makes a higher low while the Stochastic RSI makes a lower low, indicating potential continuation of an uptrend. Example: A trader might use this to confirm an existing uptrend when a hidden bullish divergence in the Stochastic RSI signals continued buying strength. Hidden Bullish Label Color, Line Width, and Line Color: What it is: Settings to customize the appearance of hidden bullish divergence labels in the Stochastic RSI. What it does: Allows you to choose the color of the labels, adjust the width of the divergence lines, and select the color for these lines. Example: A softer blue color with a thinner line width might be chosen to subtly indicate hidden bullish divergences, keeping the chart clean while providing useful information. H. Bearish Div Label: Default: False What it is: An option to display labels for hidden bearish divergences in the Stochastic RSI. What it does: Enables or disables the visibility of labels that mark hidden bearish divergences, where the price makes a lower high while the Stochastic RSI makes a higher high, indicating potential continuation of a downtrend. Example: A trader might use this to confirm an existing downtrend when a hidden bearish divergence in the Stochastic RSI signals continued selling pressure. Hidden Bearish Label Color, Line Width, and Line Color: What it is: Settings to customize the appearance of hidden bearish divergence labels in the Stochastic RSI. What it does: Allows you to choose the color of the labels, adjust the width of the divergence lines, and select the color for these lines. Example: A muted orange color with a thinner line width might be selected to indicate hidden bearish divergences without overwhelming the chart. Divergence Text Size and Color: Default: S (Small) What it is: Settings to adjust the size and color of text labels for Stochastic RSI divergences. What it does: Allows you to customize the size and color of text labels that display the divergence information on the chart. Example: Choosing a small text size with a bright white color can make divergence labels easily readable without taking up too much space on the chart. Alert System: Custom Alerts for Divergences and Reversals: What it is: The script includes customizable alert conditions to notify you of detected divergences or potential reversals based on WaveTrend, RSI, and Stochastic RSI. What it does: Helps you stay informed of key market movements without constantly monitoring the charts, enabling timely decisions. Example: Setting an alert for regular bearish divergence on the WaveTrend could notify you of a potential sell opportunity as soon as it is detected. How to Use Alerts: Set up custom alerts in TradingView based on these conditions to be notified of potential trading opportunities. Alerts are triggered when the indicator detects conditions that match the selected criteria, such as divergences or potential reversals. By following the detailed guidelines and examples above, you can effectively use and customize this powerful indicator to suit your trading strategy. For further understanding and customization, refer to the input settings within the script and adjust them to match your trading style and preferences. How Components Work Together Synergy and Cross-Validation: The indicator combines multiple layers of analysis to validate trading signals. For example, a WaveTrend buy signal that coincides with a bullish divergence in RSI and positive fast money flow is likely to be more reliable than any single indicator’s signal. This cross-validation reduces the likelihood of false signals and enhances decision-making. Comprehensive Market Analysis: Each component plays a role in analyzing different aspects of the market. WaveTrend focuses on trend strength, Money Flow indicators assess market sentiment, while RSI and Stochastic RSI offer detailed views of price momentum and potential reversals. Ideal For Traders who require a reliable, multifaceted tool for detecting market trends and reversals. Investors seeking a deeper understanding of market dynamics across different timeframes and conditions, whether in forex, equities, or cryptocurrency markets. This script is designed to provide a comprehensive tool for technical analysis, combining multiple indicators and divergence detection into one versatile and customizable script. It is especially useful for traders who want to monitor various indicators simultaneously and look for convergence or divergence signals across different technical tools. Acknowledgements Special thanks to these amazing creators for inspiration and their creations: I want to thank these amazing creators for creating there amazing indicators , that inspired me and also gave me a head start by making this indicator! Without their amazing indicators it wouldn't be possible! vumanchu: VuManChu Cipher B Divergences. MisterMoTa: RSI + Divergences + Alerts . DevLucem: Plain Stochastic Divergence. Note This indicator is designed to be a powerful tool in your trading arsenal. However , it is essential to backtest and adjust the settings according to your trading strategy before applying it to live trading . If you have any questions or need further assistance, feel free to reach out.
Indikator Pine Script®
oleh WeloTrades
4
Stoch_RSI_ChartEnhanced Stochastic RSI Divergence Indicator with VWAP Filter for Charts This custom indicator builds upon the classic Stochastic RSI to automatically detect both regular and hidden divergences. It’s designed to help traders spot potential market reversals or continuations using two methods for divergence detection (fractal‑ and pivot‑based) while offering optional VWAP filtering for confirmation. Key Features Stoch RSI Calculation The indicator computes a smoothed Stoch RSI using configurable parameters for RSI length, stochastic length, and smoothing periods. An option to average the K and D lines provides a cleaner momentum view. Divergence Detection via Fractals & Pivots Fractal-Based Divergences: Looks for 4-candle patterns to identify higher-highs or lower-lows in the price that are not confirmed by the oscillator, signaling potential reversals. Pivot-Based Divergences: Utilizes TradingView’s built-in pivot functions to find divergence conditions over adjustable pivot ranges. Regular vs. Hidden Divergences: Regular Divergence: Occurs when price makes a new extreme (higher high or lower low) while the Stoch RSI fails to follow suit. Hidden Divergence: Indicates potential trend continuations when the oscillator diverges against the established price trend. Optional VWAP Filtering The script includes two optional VWAP filters that work as follows: VWAP Filter on Regular Divergences: Only confirms regular divergence signals if the current price satisfies the VWAP condition (e.g., price is above VWAP for bullish signals, below VWAP for bearish signals). VWAP Filter on Hidden Divergences: Similarly, hidden divergence signals are validated only when the price meets specific VWAP conditions, adding an extra layer of trend confirmation. Customizable Alerts and Visual Labels Easily configure divergence labels (“B” for bullish, “S” for bearish) and enable up to four alert conditions for real‑time notifications when a divergence occurs. Credits & History: Log RSI by @fskrypt Divergence Detection originally by @RicardoSantos (with edits from @JustUncleL) Further Edits by @NeoButane on August 8, 2018 Latest Edits by @FYMD on June 1, 2024
Indikator Pine Script®
oleh FYMDGLV
Savitzky-Golay Z-Score [BackQuant]Savitzky-Golay Z-Score The Savitzky-Golay Z-Score is a powerful trading indicator that combines the precision of the Savitzky-Golay filter with the statistical strength of the Z-Score. This advanced indicator is designed to detect trend shifts, identify overbought or oversold conditions, and highlight potential divergences in the market, providing traders with a unique edge in detecting momentum changes and trend reversals. Core Concept: Savitzky-Golay Filter The Savitzky-Golay filter is a widely-used smoothing technique that preserves important signal features such as peak detection while filtering out noise. In this indicator, the filter is applied to price data (default set to HLC3) to smooth out volatility and produce a cleaner trend line. By specifying the window size and polynomial degree, traders can fine-tune the degree of smoothing to match their preferred trading style or market conditions. Z-Score: Measuring Deviation The Z-Score is a statistical measure that indicates how far the current price is from its mean in terms of standard deviations. In trading, the Z-Score can be used to identify extreme price moves that are likely to revert or continue trending. A positive Z-Score means the price is above the mean, while a negative Z-Score indicates the price is below the mean. This script calculates the Z-Score based on the Savitzky-Golay filtered price, enabling traders to detect moments when the price is diverging from its typical range and may present an opportunity for a trade. Long and Short Conditions The Savitzky-Golay Z-Score generates clear long and short signals based on the Z-Score value: Long Signals : When the Z-Score is positive, indicating the price is above its smoothed mean, a long signal is generated. The color of the bars turns green, signaling upward momentum. Short Signals : When the Z-Score is negative, indicating the price is below its smoothed mean, a short signal is generated. The bars turn red, signaling downward momentum. These signals allow traders to follow the prevailing trend with confidence, using statistical backing to avoid false signals from short-term volatility. Standard Deviation Levels and Extreme Levels This indicator includes several features to help visualize overbought and oversold conditions: Standard Deviation Levels: The script plots horizontal lines at +1, +2, -1, and -2 standard deviations. These levels provide a reference for how far the current price is from the mean, allowing traders to quickly identify when the price is moving into extreme territory. Extreme Levels: Additional extreme levels at +3 and +4 (and their negative counterparts) are plotted to highlight areas where the price is highly likely to revert. These extreme levels provide important insight into market conditions that are far outside the norm, signaling caution or potential reversal zones. The indicator also adapts the color shading of these extreme zones based on the Z-Score’s strength. For example, the area between +3 and +4 is shaded with a stronger color when the Z-Score approaches these values, giving a visual representation of market pressure. Divergences: Detecting Hidden and Regular Signals A key feature of the Savitzky-Golay Z-Score is its ability to detect bullish and bearish divergences, both regular and hidden: Regular Bullish Divergence: This occurs when the price makes a lower low while the Z-Score forms a higher low. It signals that bearish momentum is weakening, and a bullish reversal could be near. Hidden Bullish Divergence: This divergence occurs when the price makes a higher low while the Z-Score forms a lower low. It signals that bullish momentum may continue after a temporary pullback. Regular Bearish Divergence: This occurs when the price makes a higher high while the Z-Score forms a lower high, signaling that bullish momentum is weakening and a bearish reversal may be near. Hidden Bearish Divergence: This divergence occurs when the price makes a lower high while the Z-Score forms a higher high, indicating that bearish momentum may continue after a temporary rally. These divergences are plotted directly on the chart, making it easier for traders to spot when the price and momentum are out of sync and when a potential reversal may occur. Customization and Visualization The Savitzky-Golay Z-Score offers a range of customization options to fit different trading styles: Window Size and Polynomial Degree: Adjust the window size and polynomial degree of the Savitzky-Golay filter to control how much smoothing is applied to the price data. Z-Score Lookback Period: Set the lookback period for calculating the Z-Score, allowing traders to fine-tune the sensitivity to short-term or long-term price movements. Display Options: Choose whether to display standard deviation levels, extreme levels, and divergence labels on the chart. Bar Color: Color the price bars based on trend direction, with green for bullish trends and red for bearish trends, allowing traders to easily visualize the current momentum. Divergences: Enable or disable divergence detection, and adjust the lookback periods for pivots used to detect regular and hidden divergences. Alerts and Automation To ensure you never miss an important signal, the indicator includes built-in alert conditions for the following events: Positive Z-Score (Long Signal): Triggers an alert when the Z-Score crosses above zero, indicating a potential buying opportunity. Negative Z-Score (Short Signal): Triggers an alert when the Z-Score crosses below zero, signaling a potential short opportunity. Shifting Momentum: Alerts when the Z-Score is shifting up or down, providing early warning of changing market conditions. These alerts can be configured to notify you via email, SMS, or app notification, allowing you to stay on top of the market without having to constantly monitor the chart. Trading Applications The Savitzky-Golay Z-Score is a versatile tool that can be applied across multiple trading strategies: Trend Following: By smoothing the price and calculating the Z-Score, this indicator helps traders follow the prevailing trend while avoiding false signals from short-term volatility. Mean Reversion: The Z-Score highlights moments when the price is far from its mean, helping traders identify overbought or oversold conditions and capitalize on potential reversals. Divergence Trading: Regular and hidden divergences between the Z-Score and price provide early warning of trend reversals, allowing traders to enter trades at opportune moments. Final Thoughts The Savitzky-Golay Z-Score is an advanced statistical tool designed to provide a clearer view of market trends and momentum. By applying the Savitzky-Golay filter and Z-Score analysis, this indicator reduces noise and highlights key areas where the market may reverse or accelerate, giving traders a significant edge in understanding price behavior. Whether you’re a trend follower or a reversal trader, this indicator offers the flexibility and insights you need to navigate complex markets with confidence.
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