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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.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.