Oscillator Divergence Histogram Setup
Oscillator Divergence Histogram
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 indicator to visually see them when testing.
This detects the following divergences between price and the oscillator.
Regular Bullish Divergence: Price lower low | Oscillator higher low
Regular Bearish Divergence: Price higher high | Oscillator lower high
Hidden Bullish Divergence: Price higher low | Oscillator lower low
Hidden Bearish Divergence: Price lower high | Oscillator higher high
Early warning alert system. This identifies a developing divergence and can be used to set alerts.
Colors
Bearish: Maroon
Bullish: Green
Hidden Bearish: Light brown
Hidden Bullish: Light green
Developing early warning are lighter shades of the above.
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 indicator to visually see them when testing.
This detects the following divergences between price and the oscillator.
Regular Bullish Divergence: Price lower low | Oscillator higher low
Regular Bearish Divergence: Price higher high | Oscillator lower high
Hidden Bullish Divergence: Price higher low | Oscillator lower low
Hidden Bearish Divergence: Price lower high | Oscillator higher high
Early warning alert system. This identifies a developing divergence and can be used to set alerts.
Colors
Bearish: Maroon
Bullish: Green
Hidden Bearish: Light brown
Hidden Bullish: Light green
Developing early warning are lighter shades of the above.
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