Quotient Divergence Ledger [JOAT]Quotient Divergence Ledger
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.
Indicator
