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...
One of the most important signals for trend reversal is divergence. This script finds divergences for 10 indicators and draws ribbon. So you can see which indicator has divergence. Red columns are negatif and lime columns are positive divergences. Divergences are searched from MinLength to MaxLength back, and you can change them as you wish. Currently script...
An overhaul to classical RSI First version have 12 lag types to chose from, extreme conditions are highlighted with horizontal bands to be more intuitive. Dynamics and signals vastly depend on filter used. Main signals for current modes variate from self explanatory oscillators color change while moving out of extreme condition zone (overbought/oversold) to a...
♒Hurst Cycle Channel Oscillator v1.0 by Cryptorhythms 👀 This one was not in the public library yet. Thanks to lazybear for the original Hurst Cycle Channel code, which was used to create this. 📜 Description In the late 60's a NASA aerospace engineer J.M. Hurst published ‘The Profit Magic of Stock Transaction Timing’. Ironically, his book, by some considered...
🥢Crypto-Sticks™: Anchored Momentum (Rudy Stefenel) A new series of indicators brought to you by Cryptorhythms...giving you an alternate look at your trusted favorites! Follow me, there are still 2 dozen Crypto-Sticks indicators planned - all will be released in public library. 🚀Indicator Specific Info 🐻Thanks to Lazybear for posting the original AM code I...
Hello all, This is just upgrade upon my already released RSI divergences script. Divergences detection is exactly same, no difference. I'm releasing this version because I got few requests for divergences indicator above price bars, so it doesn't take additional screen space. New in this version is: ability to remove pivots ability to display...
DiNapoli MACD (DEMA) is a custom indicator used in the context of identifying the position of strong hands. This version of the indicator includes the following features : Show/Hide the Oscillation Lines Highlight Cross with Signal Line Show Zero Line Show Divergences (experimental) For convenience it also includes Custom Alerts . Now it is...
Hello all, To ease everyone's trading experience I made this script which colors RSI overbought and oversold conditions and as a bonus displays bullish or bearish divergences in last 50 candles (by default, you can change it). Script is open source, part of code is from Trading View examples. If you have suggestions or you already made some improvements, please...
Identify Divergences on 6 oscillators simultaneously. From the bottom up. 0 to 1 (black): MACD 1 to 2 (green): Elders Force Index 2 to 3 (blue): RSI 3 to 4 (purple): Awesome Oscillator 4 to 5 (red): Commodity channel index 5 to 6 (orange): Stochastic You can change the identification of the divergence in the settings and use the Oscillator Divergences ...
This Study plots divergences and overlays a second %K as a fractal and changes the colour of %D for the non fractal Feel Free to change the indicator values to suit your style / system 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 very late in a...
MACD Line instead of MACD histogram or area. This gives more opportunities to catch divergences. I showed regular MACD Histogram on top and then this indicator on bottom and showed with the red and green lines where you could catch multiple bearish and bullish divergences using this indicator vs a regular MACD histogram. Send me a private message to join my...
Took my other Log RSI script and plugged in Stochastic RSI to see how divergences play on an oscillator with two lines. Turns out divergences are good at predicting changes in the oscillator but that doesn't mean that the oscillator will always mimic price action. Log vs. no log is virtually the same. Credits to @fskrypt for introducing geometric mean...
Hello, I made a custom indicator. Divergences with stochastique and price are really strong signals. About the indicator A bullish divergence happens when the stoch K makes a higher low and is depicted by a green triangle up. A bearish divergence happens when the stoch K makes a lower high and is depicted by a red triangle down. This script is the base for my...