yatrader2

Divergence Indicator (any oscillator)

A modification of the TV builtin "Divergence indicator" (Version 10) that can be applied to any indicator, and can be plotted on price as well.

Usage:
Add your favorite oscillator, RSI , Klinger , TSI, CMF , or anything else to a chart.
Click the little ... (More) on the oscillator.
Then add this indicator "Divergence Indicator (any oscillator)" on your oscillator of choice.
Click the settings on this indicator and make sure the source is set to the right plot from your oscillator.
Watch for it to plot divergences...

Add this indicator a second time on the price chart (and select the same oscillator plot), but check the box "plot on price (rather than on indicator)""
See you divergence plotted on price (as well as on the oscillator)
Phát hành các Ghi chú: Fixed bug in the plots on price. Thanks to @sal157011 for the bug report.
Phát hành các Ghi chú: Added an option to delay plot until candles are closed (ie no repainting). If you select this option divergences in real time will match historical ones, but plots will be delayed until candle close.
By request of @cyatophilum @AbhijeetMuneshwar
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Bình luận

This looks great
I’ve not added any new indicators before.
How do I add this ?
Sorry for what might be a simple question.
+23 Phản hồi
yatrader2 Mattcharles
@Mattcharles, Click the fx icon to add an indicator, then follow the instructions at the top of this page.
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This publication is now featured in our Editors' Picks. In the name of all TradingView traders, thank you for your valuable contribution to the TradingView community, and congrats!
+7 Phản hồi
yatrader2 PineCoders
@PineCoders, Thanks, glad you like it.
+3 Phản hồi
Damnnn
+3 Phản hồi
Thank you so much yatrader2 for this script. It's very helpful.
+3 Phản hồi
Hey! Thanks for sharing that...
Would just like to confirm (not complaining lol), does the indicator plot the divergences a few candles after it actually happened sometimes or is it always when the "last candle" that is part of the divergence is closed?
Thanks
+3 Phản hồi
yatrader2 rafaelblanco14
@rafaelblanco14, Yes in order to detect a divergence you need a pivot (a local high or low) so it always lags.
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this looks so pretty not only with built-in oscillators but also with custom ones, i have tried with mine fear and greed study and result is amazing.

+2 Phản hồi
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