Divergence+ [MS]Divergence indicator for any asset and any time frame that shows bullish and bearish regular (dotted) and hidden (dashed) divergences.
Simple to use, just add to your chart and select the size of divergences you want to see.
Scalping? Use a lower number.
Swing trading? Use a higher number.
Set alerts on when divergences appear.
Settings
• Set the divergence size
• Show hidden divergences
• Show signals with divergences
Use the link below or PM us to obtain access to this indicator.
Divergencetrading
HFT Divergence Hunter IndicatorDefault Settings are meant to be used in BTC/USDT chart on 5 min time frame on Binance Futures. If you want to use for another asset on another time frame YOU MUST CHANGE THE SETTINGS
This is a divergence finding indicator developed by HFT Research. It is a highly customizable indicator and provides endless opportunities to find profitable trades in the market.
Use Envelope, this is the main decision maker in this strategy. The idea behind is that you choose the length of the moving average and set an offset % to create an upper and lower band. If you click on “display envelope” you will be able to visually see the band you have created. This way, you get to scalp the market as the price is diverging and moving away from the moving average. As the famous saying goes, moving averages act like magnets and prices always visits them back. Using this ideology, we aim to capitilize on the price swings that move away from the chosen moving average by x%.
STARC Bands;
These are two bands that are applied above and below a simple moving average of an asset’s price. The upper band is created by adding the value of the average true range (ATR) or a multiple of i. The lower band is created by subtracting the value of the ATR from the SMA. The channel can provide traders with ideas on when to buy or sell. During an overall uptrend, buying near the lower band and selling near the top band is favorable. However, from our testing results it does fairly poorly in crypto markets while it does pretty well in traditional markets.
Use RSI;
One of the most commonly used indicators in the trading world. The idea is simple, buy when its oversold and sell when its overbought. You can use RSI as a secondary confirmation of the dips. It can be turned on and off.
Use MFI
MFI stands for Money Flow Index and it is an oscillator like RSI. However, it does track the price in a different fashion than RSI providing a reliable option. It uses the price and volume data for identifying overbought and oversold signals in an asset.
Use Fisher Transform
Even though, it has a funny name, Fisher is actually a very decent and reliable indicator. It converts the prices into a Gaussian normal distribution channel. Therefore, the indicator detects when the prices have moved to an extreme, based on recent price action.
Use VWAP
VWAP stands for volume weighted average price. It is an extremely useful indicator when trading intra-day. It does reset every trading session which is at 00:00 UTC. Instead of looking at x number of candles and providing an average price, it will take into consideration the volume that’s traded at a certain price and weigh it accordingly. It will NOT give entry signals but act as a filter. If the price is above VWAP will filter out the shorts and other way around for longs.
Use ADX
Average directional index is a powerful indicator when one is assessing the strength of a trend as well as measuring the volatility in the market. Unfortunately, the worst market condition for this strategy is sideways market. ADX becomes a useful tool since it can detect trend. If the volatility is low and there is no real price movement, ADX will pick that up and will not let you get in trades during a sideways market. It will allow you to enter trades only when the market is trending.
Use Super trend Filter
The indicator works well in a trending market but can give false signals when a market is trading in a range.
It uses the ATR (average true range) as part of its calculation which takes into account the volatility of the market. The ATR is adjusted using the multiplier setting which determines how sensitive the indicator is.
Use MA Filter
Lookback: It is an option to look back x number of candles to validate the price crossing. If the market is choppy and the price keeps crossing up and down the moving average you have chosen, it will generate a lot of “noisy” signals. This option allows you to confirm the cross by selecting how many candles the price needs to stay above or below the moving average. Setting it 0 will turn it off.
MA Filter Type: There is a selection of moving averages that is available on TradingView currently. You can choose from 14 different moving average types to detect the trend as accurate as possible.
Filter Length: You can select the length of your moving average. Most commonly used length being 50,100 and 200.
Filter Type: This is our propriety smoothing method in order to make the moving averages lag less and influence the way they are calculated slightly. Type 1 being the normal calculation and type 2 being the secret sauce.
Reverse MA Filter: This option allows you to use the moving average in reverse. For example, the strategy will go long when the price is above the moving average. However, if you use the reserve MA Filter, you will go short when the price is above the moving average. This method works best in sideways market where price usually retraces back to the moving average. So, in an anticipation of price reverting back to the moving average, it is a useful piece of option to use during sideway markets.
Use MACD Filter
MACD here will act as a filter rather than an entry signal generator. There are a few different ways to use this MACD filter. You can click on the Use MACD filter and it will use filter out the shorts generated in a bullish territory and longs generated in the bearish territory. It will greatly reduce the number of trades the strategy will trade because MACD is a lagging indicator. By the time MACD turns bullish or bearish, most of the other indicators will have already generated the signals. Therefore, resulting in less trades. You can use MACD filter as MA oscillator meaning that it will only look at the MA lines in MACD to filter out trades. Alternatively, you can use it with the histogram (Signal lines) meaning that it will only look at the histogram whether its below or above the zero line in order to filter out the trades.
TP (%)
Place your desired take profit percentage here. Default is 1.5%
Move SL At Entry x% Profit
This is when the strategy will move your SL to the entry point if the position reaches x% profit. It can also generate a signal which can be automated to adjust the SL on the exchange.
SL (%)
Place your desired stop loss percentage here. Default is 1%
If you want to get access to this indicator please DM me or visit our website.
FTSXFisher transform & RSX for reversal points in price.
Potential price reversals are regular divergences and potential trend continuations are hidden divergences, OB/OS levels are shown with red and green lines.
Convergence/divergence indicatorConvergence/divergence indicator (CDI)
Class : arbitrage oscillator
Trading type : intraday trading
Time frame : 1 hour
Purpose : trading on divergence
Level of aggressiveness : standard
Arbitrage - several logically related transactions aimed at profit from the difference in prices for the same or related assets at the same time in different markets.
Pair trading is a trading strategy based on trading a pair of financial instruments that have some fundamental or statistical relationship, expressed in the fact that the price ratio of these instruments tends to return to a certain average value in the long term.
“Convergence/divergence indicator (CDI)” using correlation analysis from different time frames provides information about statistical relationship between pair of assets.
Correaltion - a statistical relationship between two variables, showing that a larger value (in the case of positive, direct correlation) or a smaller (in the case of negative, inverse correlation) corresponds to a larger value of one value in a certain part of the cases.
The correlation coefficient is a statistical measure of the strength of the relationship between the relative movements of two variables.
The values range between -1.0 and 1.0.
A correlation of -1.0 shows a perfect negative correlation, while a correlation of 1.0 shows a perfect positive correlation.
A correlation of 0.0 shows no linear relationship between the movement of the two variables.
“Convergence/divergence indicator (CDI)” a) allows to find assets where pair arbitrage is possible and determines the moments in time and prices when the conditions for pair arbitrage are ideal.
“Convergence/divergence indicator (CDI)” evaluates the statistical relationship between pair of assets in a particular period of time and, if it is available, seeks for the divergence in price fluctuations of these “identical” assets.
“Convergence/divergence indicator (CDI)” displays the current value and dynamics of the Pearson correlation coefficient for a pair of selected assets based on daily (thick blue line) and hourly (thin red line) data.
Basic parameters:
- asset 1 (name of the trading instrument 1);
- asset 2 (name of the trading instrument 2);
- period_d (number of periods used to calculate daily correlation).
- period_h (number of periods used to calculate hourly correlation).
To gain the access to this indicator, please, send a private message to Trade24Fx.
Mawreez' RSI Divergence DetectorThe idea behind this indicator is to have an expression for the amount of divergence on a given chart at every point in time . To achieve this, it adds up the magnitudes any valid divergence of any kind; bullish, bearish or their hidden variants. Where a valid divergence consists of a line on the source series (almost always the closing price), and a line on an oscillator (here: the RSI). The slopes of said lines must have opposite signs, that is to say, one line must be sloping up while the other slopes down. Said lines may not cross their respective series.
The length of the RSI is configurable (default length: 14). The lengths of the divergences are configurable (default: minimum length 3 and maximum length 28 - the latter being twice the default length of the RSI).
This indicator will detect divergences which are still building up. Be duly warned: upcoming divergences may still get invalidated. Another case that one should be very mindful of is that an upcoming divergence may still increase in magnitude before it plays out. Possibly over several more timesteps, there may even be entire additional drives.
The value of this indicator indeed reflects the magnitude of divergence on a chart. However, there is no reason to think the magnitude of a divergence affects the likelihood of said divergence playing out.
The color of the indicator indicates the kind of divergence. The default colors are
green for bullish divergence,
maroon (dark red) for bearish divergence,
lime/light green for hidden bullish divergence,
dark pink for hidden bearish divergence.
Please let me know if you would like to see a version of this indicator that plots both the RSI and this histogram. I will do this for personal use, but I am being a bit of a purist with this publication.
In fact, please don't hesitate to make any comment or to give any kind of suggestion.
Divergence FinderHello Fellow Traders!
Divergence Finder is a custom script built upon request from a PRO user to help find Divergences & Hidden Divergences using OBVM & Fractal Levels of Support and Resistance along with visuals and alerts. This script also only looks at the divergences that happen with the greater macro trend, meaning price is trending above the 200 EMA of the current period.
Features
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Custom Alerts are built into the script for manual or automatic trading.
Multiple MA's to show overall trend and EMA supports for manual traders
Custom icons to indicate BULL, BEAR, HIDDEN BEAR, HIDDEN BULL --> the ghost emoji means hidden
Alerts Added for every point
Visual Entry & Exit Points for each level
Visual Trend Bands
You can get access to any of my scripts by visiting my website below , all links are down below in my signature!
Rsx Divergence Candle OverlayRSX Divergences on candles instead of in an oscillator to save space.
Divergences do not repaint and have instant confirmation.
RSX source used: Lazybear's
Fisher Divergence Candle OverlayOverlays Ehler's Fisher oscillator divergences on candles, handy for saving space on charts.
Accelerator Oscillator Divergence PointerThis script points regular and optionally hidden types of bullish and bearish Accelerator Oscillator divergences on the chart by drawing the divergence lines and optionally labels.
Hidden divergence is disabled by default, it can be enabled over settings window.
Regular divergence is enabled by default, it can be disabled over settings window.
There is an option to display the price channel additionally.
Alerts for all types of divergences.
BB %B Divergence PointerThis script points regular and optionally hidden types of bullish and bearish Bollinger Band %B divergences on the chart by drawing the divergence lines and optionally labels.
Hidden divergence is disabled by default, it can be enabled over settings window.
Regular divergence is enabled by default, it can be disabled over settings window.
There is an options to display the price channel , bollinger band , Oversold and overbought levels additionally.
Supports alerts for all types of divergences.
Fisher Transform Divergence PointerThis script points regular and optionally hidden types of bullish and bearish Fisher Transform divergences on the chart by drawing the divergence lines and optionally labels.
Hidden divergence is disabled by default, it can be enabled over settings window.
Regular divergence is enabled by default, it can be disabled over settings window.
There is an option to display the price channel additionally.
Added alerts for all types of divergences.
OBV Divergence PointerThis script points regular and optionally hidden types of bullish and bearish OBV divergences on the chart by drawing the divergence lines and optionally labels.
Hidden divergence is disabled by default, it can be enabled over settings window.
Regular divergence is enabled by default, it can be disabled over settings window.
There is an option to display the price channel additionally.
Added alerts for all types of divergences.
Adaptive RSI Divergence PointerThis script points regular and optionally hidden types of bullish and bearish Adaptive RSI divergences on the chart by drawing the divergence lines and optionally labels.
Hidden divergence is disabled by default, it can be enabled over settings window.
Regular divergence is enabled by default, it can be disabled over settings window.
There is an option to display the price channel additionally.
Added alerts for all types of divergences.
What is Adaptive RSI :
This is an implementation of John Ehlers’ Adaptive RSI , as described in his book Rocket Science for Traders: Digital Signal Processing Applications (2001-07-20).
It does not need a length value to be specified by user. It adopts itself perfectly to the price chart.
It integrates the idea of automatically determining the Dominant price cycle through a Homo-dyne Discriminator, and using half of a cycle length as the input for the RSI . Not only determines the most effective range for the RSI by setting it based on the cycle, but also makes the RSI PDF (Probability Distribution Function) adjustable as shown in John Ehler's papers.
Works just like a normal RSI , but should have less false signals.
CCI Divergence PointerThis script points regular and optionally hidden types of bullish and bearish CCI divergences on the chart by drawing the divergence lines and optionally labels.
Hidden divergence is disabled by default, it can be enabled over settings window.
Regular divergence is enabled by default, it can be disabled over settings window.
There is an option to display the price channel additionally.
Added alerts for all types of divergences.
Stoch Divergence PointerThis script points regular and optionally hidden types of bullish and bearish Stoch divergences on the chart by drawing the divergence lines and optionally labels.
Hidden divergence is disabled by default, it can be enabled over settings window.
Regular divergence is enabled by default, it can be disabled over settings window.
There is an option to display the price channel additionally.
Added alerts for all types of divergences.
RSI Divergence Pointer v2This script points regular and optionally hidden types of bullish and bearish RSI divergences on the chart by drawing the divergence lines and optionally labels.
Hidden divergence is disabled by default, it can be enabled over settings window.
There is an option to display the price channel additionally.
Added alerts for 4 types of divergences
Titles and messages are the same:
"Regular Bearish Divergence"
"Regular Bullish Divergence"
"Hidden Bearish Divergence"
"Hidden Bullish Divergence"
Fisher Transform DivergenceEhler's Fisher transform with instant confirmation divergences.
Scheduled update is adding hidden divergences, currently under construction
💸 Divergence Finder v1.0 by Cryptothythms💸 Divergence Finder v1.0 by Cryptothythms
Intro
This indicator is meant as a quantitative look at divergences. Special thanks to RicardoSantos (legend!) for his divergence detection script which was used as a basis to construct this.
Usage
Lime Green = Regular Bullish Divergence
Dark Green = Hidden Bullish Divergence
Red = Regular Bearish Divergence
Maroon = Hidden Bearish Divergence
Remember... divergences do not have a high probability success overall. So to mitigate that this is an attempt to source many "opinions" on the state of divergence from many different classes of indicators.
Leading indicators - Lead price action, but have a higher probability of false signals
Real time indicators - Track price action, momentum, etc in a tick by tick state. Generally a 1-3 bars lag can be present.
Lagging indicators - Lag price action a little, but offer more in terms of confirmation of the divergence
Volume indicators - Look at volume flow in different fashions and give an added dimension to divergence finding. Remember volume divergences interact with price independently. For instance volume can be going down, but price going up. Be sure to understand the relationship of volume and price action when considering these readings.
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