INVITE-ONLY SCRIPT
Oscillator Divergence Histogram
Updated
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.
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.
Release Notes
V1.01Minor code fix
Video on use
Release Notes
V1.02-Fixed missing alerts
-Added possibility to alert if more than X number of oscillators have a similar divergence
Video on how to set up alerts
- Hidden Bearish Divergence on any Selected Oscillator
- Hidden Bearish Divergence Developing on any Selected Oscillator
- Regular Bearish Divergence on any Selected Oscillator
- Regular Bearish Divergence Developing on any Selected Oscillator
- Regular Bullish Divergence on any Selected Oscillator
- Regular Bullish Divergence Developing on any Selected Oscillator
- Hidden Bullish Divergence on any Selected Oscillator
- Hidden Bullish Divergence Developing on any Selected Oscillator
- Hidden Bearish Divergence on multiple oscillators >= value in input 'Alert Options 1)'
- Hidden Bearish Divergence Developing on multiple oscillators >= value in input 'Alert Options 1)'
- Regular Bearish Divergence on multiple oscillators >= value in input 'Alert Options 1)'
- Regular Bearish Divergence Developing on multiple oscillators >= value in input 'Alert Options 1)'
- Regular Bullish Divergence on multiple oscillators >= value in input 'Alert Options 1)'
- Regular Bullish Divergence Developing on multiple oscillators >= value in input 'Alert Options 1)'
- Hidden Bullish Divergence on multiple oscillators >= value in input 'Alert Options 1)'
- Hidden Bullish Divergence Developing on multiple oscillators >= value in input 'Alert Options 1)'
Link to sister indicator
Setup video Early warning alerts
Release Notes
V1.03-Added new label color for dark theme.
Release Notes
V1.05Major code clean
Release Notes
V1.06I add an option (X) to require candle close for plots and alerts (this is mainly useful for the alerts)
Invite-only script
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Disclaimer
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