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Volume Divergence Scanner
Overview
The indicator combines two independent signal types: Volume Spike (abnormal volume with RSI confirmation) and Divergence (RSI divergence near price extremes). Both must align within a time window to produce a BUY or SELL signal.
Settings
General
Min Bars Between BUY - Minimum bars between any two BUY signals
Min Bars Between SELL - Minimum bars between any two SELL signals
Volume Spike
Enable Volume Spike Signals - Toggle the volume spike component on/off
RSI Length - Period for RSI calculation
Volume MA Length - Short-term volume moving average period
Volume MA Long Length - Long-term volume moving average period (baseline for spike detection)
Buy Multiplier - Volume must exceed long MA by this factor to trigger a buy spike
Sell Multiplier - Volume must exceed long MA by this factor to trigger a sell spike
RSI Buy Level - RSI must be below this level for a buy spike to fire
RSI Sell Level - RSI must be above this level for a sell spike to fire
Min Bars Between BUY - Minimum bars between volume spike buy signals
Min Bars Between SELL - Minimum bars between volume spike sell signals
Divergence
Enable Divergence - Toggle the divergence component on/off
Lookback Bars - Window for detecting local price and RSI extremes
RSI Buy Level - RSI must be below this level for a divergence buy
RSI Sell Level - RSI must be above this level for a divergence sell
Buy Proximity to Low - Price must be within this multiplier of the local low (e.g. 1.02 = within 2%)
Sell Proximity to High - Price must be within this multiplier of the local high (e.g. 0.98 = within 2%)
Min Bars Between BUY - Minimum bars between divergence buy signals
Min Bars Between SELL - Minimum bars between divergence sell signals
VOL+D Confirmation Window - Maximum bars allowed between a Volume Spike and Divergence signal for them to confirm each other
Alerts
Alert: BUY - Enable Trading View alert on BUY signal
Alert: SELL - Enable TradingView alert on SELL signal
Signal Logic
When both components are enabled a BUY fires when either:
A SELL fires by the same logic in reverse.
Tuning Tips
Too few signals:
Too many signals:
Adapting to different assets or timeframes:
The indicator combines two independent signal types: Volume Spike (abnormal volume with RSI confirmation) and Divergence (RSI divergence near price extremes). Both must align within a time window to produce a BUY or SELL signal.
Settings
General
Min Bars Between BUY - Minimum bars between any two BUY signals
Min Bars Between SELL - Minimum bars between any two SELL signals
Volume Spike
Enable Volume Spike Signals - Toggle the volume spike component on/off
RSI Length - Period for RSI calculation
Volume MA Length - Short-term volume moving average period
Volume MA Long Length - Long-term volume moving average period (baseline for spike detection)
Buy Multiplier - Volume must exceed long MA by this factor to trigger a buy spike
Sell Multiplier - Volume must exceed long MA by this factor to trigger a sell spike
RSI Buy Level - RSI must be below this level for a buy spike to fire
RSI Sell Level - RSI must be above this level for a sell spike to fire
Min Bars Between BUY - Minimum bars between volume spike buy signals
Min Bars Between SELL - Minimum bars between volume spike sell signals
Divergence
Enable Divergence - Toggle the divergence component on/off
Lookback Bars - Window for detecting local price and RSI extremes
RSI Buy Level - RSI must be below this level for a divergence buy
RSI Sell Level - RSI must be above this level for a divergence sell
Buy Proximity to Low - Price must be within this multiplier of the local low (e.g. 1.02 = within 2%)
Sell Proximity to High - Price must be within this multiplier of the local high (e.g. 0.98 = within 2%)
Min Bars Between BUY - Minimum bars between divergence buy signals
Min Bars Between SELL - Minimum bars between divergence sell signals
VOL+D Confirmation Window - Maximum bars allowed between a Volume Spike and Divergence signal for them to confirm each other
Alerts
Alert: BUY - Enable Trading View alert on BUY signal
Alert: SELL - Enable TradingView alert on SELL signal
Signal Logic
When both components are enabled a BUY fires when either:
- Volume Spike BUY occurred and a Divergence BUY happened within the last confirmWindow bars
- Divergence BUY occurred and a Volume Spike BUY happened within the last confirmWindow bars
A SELL fires by the same logic in reverse.
- When only Volume Spike is enabled, signals fire on volume spikes alone, without divergence confirmation.
- When only Divergence is enabled, signals fire on RSI divergence alone, without volume confirmation.
Tuning Tips
Too few signals:
- Increase VOL+D Confirmation Window
- Lower Buy Multiplier / Sell Multiplier
- Widen Buy Proximity to Low (e.g. 1.05) and Sell Proximity to High (e.g. 0.95)
- Disable one component to see which fires more frequently
Too many signals:
- Increase Min Bars Between BUY/SELL
- Raise Buy Multiplier / Sell Multiplier
- Tighten Buy Proximity to Low (e.g. 1.01) and Sell Proximity to High (e.g. 0.99)
- Decrease VOL+D Confirmation Window
Adapting to different assets or timeframes:
- Higher timeframes (4h, 1D) generally need higher multipliers and longer MA periods
- More volatile assets may need looser RSI levels and proximity values
- Start with default settings and adjust one parameter at a time
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
VMS://RACCOON — Cutting through the noise.
Telegram: t.me/vms_raccoon
X: x.com/vms_raccoon
Not financial advice
Telegram: t.me/vms_raccoon
X: x.com/vms_raccoon
Not financial advice
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Скрипт с открытым кодом
В истинном духе TradingView, создатель этого скрипта сделал его открытым исходным кодом, чтобы трейдеры могли проверить и убедиться в его функциональности. Браво автору! Вы можете использовать его бесплатно, но помните, что перепубликация кода подчиняется нашим Правилам поведения.
VMS://RACCOON — Cutting through the noise.
Telegram: t.me/vms_raccoon
X: x.com/vms_raccoon
Not financial advice
Telegram: t.me/vms_raccoon
X: x.com/vms_raccoon
Not financial advice
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.