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 open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
The AI Trading Ecosystem, Built to win trades 📈
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jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
The AI Trading Ecosystem, Built to win trades 📈
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Get Full Access 👇
jackofalltrades.vip 🌐
t.me/jackofalltradesvip 🃏
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.