OPEN-SOURCE SCRIPT
Mis à jour Divergence Strength Oscillator
Detects divergence before it has formed a valid divergent pivot, across multiple indicators. After publishing my Strength of Divergence Across Multiple Indicators script, it seemed there were a lot of people who wanted to see the divergence signals before the divergent pivots were actually confirmed. Everyone complains about indicators repainting, yet in the next breath they complain about not wanting to wait for a signal to be confirmed before it appears on their chart! No matter how many times you ask, you can't have your cake and eat it too.
While this isn't exactly cake, it's as close as you're gonna get. This oscillator will calculate the strength of divergence as it forms on any bar that could potentially be a pivot point (e.g. for a pivot low, the preceding bars must be higher than it) and track the net (bullish - bearish) value.
For example:
PLEASE NOTE that this is not intended to be a "Buy" or "Sell" signal, and it would be foolish to use it as such. The purpose of this script is to show you potential divergences as early as possible, so that you have more time to plan and evaluate confluent signals, etc.
The Divergence Strength Calculation:
The total divergence strength value is the sum of the divergence strengths of all indicators for which divergence was detected at a given bar. Each indicator's individual divergence strength is comprised of two basic components: (1) |ΔPrice| - the magnitude of the change in price over the divergence period (pivot-to-pivot), and (2) |ΔIndicator| - the magnitude of the change in indicator value over the divergence period.
Because different indicators' scales and volatility can vary greatly, the Δ values are expressed in terms of standard deviation to ensure that the values are meaningful and equitable across all indicators and assets/instruments/currency pairs, etc:
|ΔIndicator| = |indicator_value_1 - indicator_value_2| / 2 * StDev(indicator_series,100)
Based on work for my Strength of Divergence Across Multiple Indicators script:
https://www.tradingview.com/script/680R1I3Z-Strength-of-Divergence-Across-Multiple-Indicators/
While this isn't exactly cake, it's as close as you're gonna get. This oscillator will calculate the strength of divergence as it forms on any bar that could potentially be a pivot point (e.g. for a pivot low, the preceding bars must be higher than it) and track the net (bullish - bearish) value.
For example:
PLEASE NOTE that this is not intended to be a "Buy" or "Sell" signal, and it would be foolish to use it as such. The purpose of this script is to show you potential divergences as early as possible, so that you have more time to plan and evaluate confluent signals, etc.
The Divergence Strength Calculation:
The total divergence strength value is the sum of the divergence strengths of all indicators for which divergence was detected at a given bar. Each indicator's individual divergence strength is comprised of two basic components: (1) |ΔPrice| - the magnitude of the change in price over the divergence period (pivot-to-pivot), and (2) |ΔIndicator| - the magnitude of the change in indicator value over the divergence period.
Because different indicators' scales and volatility can vary greatly, the Δ values are expressed in terms of standard deviation to ensure that the values are meaningful and equitable across all indicators and assets/instruments/currency pairs, etc:
|ΔIndicator| = |indicator_value_1 - indicator_value_2| / 2 * StDev(indicator_series,100)
Based on work for my Strength of Divergence Across Multiple Indicators script:
https://www.tradingview.com/script/680R1I3Z-Strength-of-Divergence-Across-Multiple-Indicators/
Notes de version
Using histogram instead of lineNotes de version
Changed to stepline_diamond to better illustrate change in valueNotes de version
value should be na when no divergence detected on a given barScript open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.