OPEN-SOURCE SCRIPT
SuperTrend Divergence Pro [JPT]
🔷 Overview
SuperTrend Divergence Pro [JPT] is an educational technical-analysis indicator that combines an adaptive SuperTrend framework with confirmed bullish and bearish divergence detection.
The indicator uses ATR-based trend bands and oscillator-based divergence to dynamically adjust the SuperTrend behavior. Confirmed pivot structures are used to identify potential divergence between price and momentum.
🔷 Key Features
• Adaptive ATR-based SuperTrend
• Bullish & Bearish Divergence Detection
• Confirmed Pivot-Based Analysis
• Dynamic SuperTrend Multiplier
• BUY / SELL Trend-Flip Signals
• Optional Trend Fill
• Optional Bar Coloring
• Divergence Markers
• Configurable ATR & Pivot Settings
• Alert Conditions for Signals and Divergence
🔷 How It Works
A bullish divergence is identified when price forms a lower low while the oscillator forms a higher low.
A bearish divergence is identified when price forms a higher high while the oscillator forms a lower high.
When divergence is active, the SuperTrend framework dynamically adjusts its ATR multiplier. This allows the trend structure to respond differently when potential momentum weakness or strengthening is detected.
BUY and SELL markers are generated when the SuperTrend trend regime changes and the configured confirmation conditions are satisfied.
🔷 Important Note
This indicator is designed for educational and analytical purposes only. It does not predict future price movements and does not guarantee profitable trades. Signals should be evaluated together with market structure, volatility, timeframe, and other relevant analysis.
SuperTrend Divergence Pro [JPT] is an educational technical-analysis indicator that combines an adaptive SuperTrend framework with confirmed bullish and bearish divergence detection.
The indicator uses ATR-based trend bands and oscillator-based divergence to dynamically adjust the SuperTrend behavior. Confirmed pivot structures are used to identify potential divergence between price and momentum.
🔷 Key Features
• Adaptive ATR-based SuperTrend
• Bullish & Bearish Divergence Detection
• Confirmed Pivot-Based Analysis
• Dynamic SuperTrend Multiplier
• BUY / SELL Trend-Flip Signals
• Optional Trend Fill
• Optional Bar Coloring
• Divergence Markers
• Configurable ATR & Pivot Settings
• Alert Conditions for Signals and Divergence
🔷 How It Works
A bullish divergence is identified when price forms a lower low while the oscillator forms a higher low.
A bearish divergence is identified when price forms a higher high while the oscillator forms a lower high.
When divergence is active, the SuperTrend framework dynamically adjusts its ATR multiplier. This allows the trend structure to respond differently when potential momentum weakness or strengthening is detected.
BUY and SELL markers are generated when the SuperTrend trend regime changes and the configured confirmation conditions are satisfied.
🔷 Important Note
This indicator is designed for educational and analytical purposes only. It does not predict future price movements and does not guarantee profitable trades. Signals should be evaluated together with market structure, volatility, timeframe, and other relevant analysis.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
📈 FREE TELEGRAM CHANNEL
🥇 Free Daily Forex, Gold & BTC Trade Signals
📚 Daily Trading Lessons & Technical Analysis
Learn, improve, and follow the market with us — completely FREE.
📲 Join Now: t.me/JosProTrader_050
🥇 Free Daily Forex, Gold & BTC Trade Signals
📚 Daily Trading Lessons & Technical Analysis
Learn, improve, and follow the market with us — completely FREE.
📲 Join Now: t.me/JosProTrader_050
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
📈 FREE TELEGRAM CHANNEL
🥇 Free Daily Forex, Gold & BTC Trade Signals
📚 Daily Trading Lessons & Technical Analysis
Learn, improve, and follow the market with us — completely FREE.
📲 Join Now: t.me/JosProTrader_050
🥇 Free Daily Forex, Gold & BTC Trade Signals
📚 Daily Trading Lessons & Technical Analysis
Learn, improve, and follow the market with us — completely FREE.
📲 Join Now: t.me/JosProTrader_050
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.