OPEN-SOURCE SCRIPT
Divergence Strength Oscillator
Aktualisiert
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/
Versionshinweise
Using histogram instead of lineVersionshinweise
Changed to stepline_diamond to better illustrate change in valueVersionshinweise
value should be na when no divergence detected on a given barOpen-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.
Möchten Sie dieses Skript auf einem Chart verwenden?
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.