My way to fight this situation is to stay productive.
Hope some of my scripts will help you out as most of us are locked-down at home, hence have more time for trading - and preparing ourselves when the sun will shine on us again
I - Concept
This is an upgrade of this script which captured only the regular divergences
This screener detects whether the regular divergences based on the TradingView Divergence built-in indicator (made by the gentleman @everget I believe)
With this screener, you can see in 1 view which of your favorite cryptos/stocks/forex pairs/etc. showing strong regular and hidden divergences
The gentlemen (and demoiselles) traders can play with the lookback/ranges inputs to adjust the divergences based on what they think is best of their trading/timeframe/instrument/life
On that script screenshot, I'm showing the BYBIT:BTCUSD part of the screener matching with the divergences on the chart
II - How did I set the screener
The visual signals are as follow:
- square: whenever a regular or hidden divergence is detected
Then the colors are:
- green when there is
- red when there is divergence
🔔🔔 I also added the alerts for capturing those / divergences
III - Does it repaint?
It should not :)
Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.
Plus, does it use the
You have to declare 6 or 7 more lines like this one at the top
string sec00 = input(defval="TSLA", type=input.symbol) string sec01 = input(defval="FB", type=input.symbol) string sec02 = input(defval="AMZN", type=input.symbol) string sec03 = input(defval="ZOOM", type=input.symbol) string sec04 = input(defval="GOOGL", type=input.symbol) ... string sec09 = input(defval="DELL", type=input.symbol)
And then replicate (understand copy/paste) lines 107 to 136 adding your variables sec00 to sec09
It's really a good indicator. Thx a lot.
Can you explain what is :"Pivot Lookback Right" and "Pivot Lookback Left"? Changing this, it will change the divergence that are showed, but I'm not sure to really understand it.
There is some divergence that I would like to see, bit that are not showed on your indicator.
Thx a lot
This is why I don't like them very much
So to estimate retroactively why a divergence happens, we look at how the price behaved with X candles to the right and X candles to the left
From there we estimate the divergence - Generally, this triggers a 1 or sometimes 2 candles delay as it's a retroactive calcul
You can get it by creating a new indicator clicking on New from the pine Editor > select Divergence indicator