OPEN-SOURCE SCRIPT
Quotient Divergence Ledger [JOAT]
Quotient Divergence Ledger [JOAT]
Introduction
Quotient Divergence Ledger is an open-source divergence engine built on a signed participation wave. It tracks regular and hidden divergences, wave energy, directional streaks, and the quality of each divergence event so the trader can judge whether momentum disagreement is minor or meaningful.
Core Concepts
1. Signed participation wave
The oscillator blends directional volume participation, body pressure, and smoothed wave behavior into one normalized structure.
2. Confirmed pivot-based divergence logic
Bullish and bearish divergences are only evaluated from confirmed oscillator pivots, reducing repaint behavior and maintaining clean historical structure.
3. Divergence quality scoring
Each event is scored using oscillator displacement, price displacement, and wave energy. This helps separate weak visual divergence from stronger disagreement.
Features
Disclaimer
This indicator is provided for educational purposes only. Divergence can persist or fail entirely in strong trend conditions.
Introduction
Quotient Divergence Ledger is an open-source divergence engine built on a signed participation wave. It tracks regular and hidden divergences, wave energy, directional streaks, and the quality of each divergence event so the trader can judge whether momentum disagreement is minor or meaningful.
Core Concepts
1. Signed participation wave
The oscillator blends directional volume participation, body pressure, and smoothed wave behavior into one normalized structure.
2. Confirmed pivot-based divergence logic
Bullish and bearish divergences are only evaluated from confirmed oscillator pivots, reducing repaint behavior and maintaining clean historical structure.
3. Divergence quality scoring
Each event is scored using oscillator displacement, price displacement, and wave energy. This helps separate weak visual divergence from stronger disagreement.
Features
- Regular and hidden divergence modes
- Wave energy and stretch diagnostics
- Directional streak tracking
- Bottom ribbon and institutional dashboard
- Confirmed-bar divergence and regime alerts
Disclaimer
This indicator is provided for educational purposes only. Divergence can persist or fail entirely in strong trend conditions.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
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t.me/jackofalltradesvip 🃏
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jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
The AI Trading Ecosystem, Built to win trades 📈
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.