OPEN-SOURCE SCRIPT
WaveTrend Divergence
WaveTrend Divergence
This indicator detects and draws regular and hidden divergences directly on your price chart, based on a WaveTrend oscillator (9/12, HLC3).
What it does
It identifies swing pivots on the WaveTrend oscillator and compares them against price to mark four divergence types:
Regular Bullish — price makes a lower low while the oscillator makes a higher low (potential reversal up)
Regular Bearish — price makes a higher high while the oscillator makes a lower high (potential reversal down)
Hidden Bullish — price makes a higher low while the oscillator makes a lower low (potential trend continuation up)
Hidden Bearish — price makes a lower high while the oscillator makes a higher high (potential trend continuation down)
Each divergence is drawn as a line connecting the two pivots, with an optional label, plotted as an overlay on price.
Customization
Everything is editable from the settings panel: line color, thickness, and style (solid/dashed/dotted) for each divergence type, label visibility, oscillator lengths, and pivot sensitivity. Built-in alerts are included for bullish and bearish signals.
How to use
Increase the pivot lookback to catch only larger swings, or decrease it for more frequent signals. Works on any market or timeframe. Best used as confirmation alongside your own analysis rather than as a standalone signal.
Note on repainting: Divergences confirm once the right-side pivot completes (after the lookback period), so a signal on the current forming candle is not final until that bar closes. Always wait for confirmation before acting.
This indicator detects and draws regular and hidden divergences directly on your price chart, based on a WaveTrend oscillator (9/12, HLC3).
What it does
It identifies swing pivots on the WaveTrend oscillator and compares them against price to mark four divergence types:
Regular Bullish — price makes a lower low while the oscillator makes a higher low (potential reversal up)
Regular Bearish — price makes a higher high while the oscillator makes a lower high (potential reversal down)
Hidden Bullish — price makes a higher low while the oscillator makes a lower low (potential trend continuation up)
Hidden Bearish — price makes a lower high while the oscillator makes a higher high (potential trend continuation down)
Each divergence is drawn as a line connecting the two pivots, with an optional label, plotted as an overlay on price.
Customization
Everything is editable from the settings panel: line color, thickness, and style (solid/dashed/dotted) for each divergence type, label visibility, oscillator lengths, and pivot sensitivity. Built-in alerts are included for bullish and bearish signals.
How to use
Increase the pivot lookback to catch only larger swings, or decrease it for more frequent signals. Works on any market or timeframe. Best used as confirmation alongside your own analysis rather than as a standalone signal.
Note on repainting: Divergences confirm once the right-side pivot completes (after the lookback period), so a signal on the current forming candle is not final until that bar closes. Always wait for confirmation before acting.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
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.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
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.