Smart Divergence Scanner

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DivScan Pro - User Guide
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OVERVIEW
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DivScan Pro is a multi-indicator divergence scanner that detects potential
reversal points by analyzing 10+ technical indicators simultaneously.
Optimized for 5m and 15m timeframes.


SIGNAL ICONS
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▲ Green Triangle (Below Bar) = BUY Signal
Strong bullish divergence confirmed by volume + RSI oversold

▼ Red Triangle (Above Bar) = SELL Signal
Strong bearish divergence confirmed by volume + RSI overbought

▲ Faded Green Triangle = Weak BUY
Bullish divergence detected but filters not fully met

▼ Faded Red Triangle = Weak SELL
Bearish divergence detected but filters not fully met

H Red "H" Label = Pivot High Point
L Green "L" Label = Pivot Low Point


DIVERGENCE LABELS
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┌─────────┐
│ MC │ Aqua Box (Bottom) = Bullish Divergence
│ RS │ Shows which indicators detected divergence
│ 3 │ Number = total indicator count
└─────────┘

┌─────────┐
│ MC │ Purple Box (Top) = Bearish Divergence
│ VW │ Shows which indicators detected divergence
│ MF │ Number = total indicator count
│ 3 │
└─────────┘


INDICATOR ABBREVIATIONS
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MC = MACD Line
MH = MACD Histogram
RS = RSI (Relative Strength Index)
ST = Stochastic
CC = CCI (Commodity Channel Index)
MO = Momentum
OB = OBV (On Balance Volume)
VW = VWMACD (Volume Weighted MACD)
CF = CMF (Chaikin Money Flow)
MF = MFI (Money Flow Index)
EX = External Indicator


DIVERGENCE LINES
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─────── Solid Aqua Line = Bullish Regular Divergence
Price: Lower Low | Indicator: Higher Low
Suggests: Potential upward reversal

─────── Solid Purple Line = Bearish Regular Divergence
Price: Higher High | Indicator: Lower High
Suggests: Potential downward reversal

- - - - Dashed Lime Line = Bullish Hidden Divergence
Price: Higher Low | Indicator: Lower Low
Suggests: Trend continuation (uptrend)

- - - - Dashed Red Line = Bearish Hidden Divergence
Price: Lower High | Indicator: Higher High
Suggests: Trend continuation (downtrend)


HOW TO USE
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1. WAIT FOR STRONG SIGNALS
Look for solid ▲ or ▼ triangles (not faded)
These have volume + RSI confirmation

2. CHECK CONFLUENCE
More indicators = stronger signal
Label shows "3" or higher = high confidence

3. CONFIRM WITH PRICE ACTION
Wait for candle confirmation after signal
Look for support/resistance levels

4. RECOMMENDED SETTINGS FOR SCALPING (5m/15m)
• Pivot Period: 3
• Min Confirmations: 2
• Max Lookback: 50
• Wait Confirmation: ON


SETTINGS QUICK REFERENCE
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MAIN
Pivot Period How many bars to identify pivot (lower = more signals)
Pivot Source Close or High/Low for pivot detection
Divergence Type Regular, Hidden, or Both
Max Pivots Maximum pivot points to scan
Max Lookback Maximum bars to look back
Min Confirmations Minimum indicators required (higher = fewer but stronger)
Wait Confirmation Wait for bar close before signal

DISPLAY
Labels Full (MC), Abbrev (M), or None
Show Count Display number of confirming indicators
Show Lines Draw divergence lines on chart
Show Pivots Mark H/L pivot points
Last Only Show only most recent divergence
Show MA 50/200 Display moving averages

INDICATORS
Toggle each indicator ON/OFF for divergence scanning


ALERTS
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Available alerts in TradingView:
• Bullish Regular Divergence
• Bearish Regular Divergence
• Bullish Hidden Divergence
• Bearish Hidden Divergence
• Any Bullish Divergence
• Any Bearish Divergence


TIPS
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✓ Higher "Min Confirmations" = fewer signals but higher accuracy
✓ Use with support/resistance levels for best entries
✓ Strong signals (solid triangles) have better win rate
✓ Multiple indicator confluence (3+) = highest probability trades
✓ Always use stop loss - divergence can fail

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DivScan Pro v1.0
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