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OPEN-SOURCE SCRIPT

Price Divergence Detector V3 revised by JustUncleL

By JustUncleL
Wizard
Updated
This is a revised version of the original "Price Divergence Detector by RicardoSantos".
Description:
Price Divergence detection for various methods : RSI, MACD, STOCH, VOLUME, ACC-DIST, FISHER, CCI, BB %B and Ehlers IdealRSI. Both Hidden and Regular Divergences are detected.

Mofidifications:
Revision 3.0 by JustUncleL
  • Added option to disable/enable Hidden and Regular Divergence
  • Added new divergence method BB %B (close only)
  • Added new divergence mothos Ehlers IdealRSI (close only)


Revision 2.0 - by RicardoSantos

References:
Information on Divergence Trading:
Release Notes

Updated to Revision 3 of Pinescript
Updated with some RicardoSantos version 2.022 revisions.
Release Notes
..
Added Elders Force Index method.
Other small changes.
Release Notes
3.2 Update
  • Added Trend Volume Accumulation, this option really works only well with Renko and HA candles. You have the option to use EMA for trend direction change instead of candle bull/bear direction.
  • NOTE: Trader discretion is required to manually filter out invalid Divergence, there is no account made for the length of each trend when comparisons are made.
detectionDivergenceFisher TransformhiddendivergenceMoving Average Convergence / Divergence (MACD)regulardivergenceRelative Strength Index (RSI)Stochastic OscillatorTrend AnalysisVolume
JustUncleL
Wizard
JustUncleL

Open-source script

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