OPEN-SOURCE SCRIPT
LBR 3/10 + TICK Divergence
On-chart detector for Linda Raschke's "blindfold" setup: a signal prints only when price, the LBR 3/10 oscillator, and the NYSE TICK all diverge at the same two swing pivots. Built for intraday index trading.
█ OVERVIEW
Linda Bradford Raschke has described one intraday setup she rated highly enough to say she would take it blindfolded: price makes a new swing low, but both her 3/10 oscillator AND the NYSE TICK refuse to confirm it. Momentum is drying up on your symbol, and the selling pressure across the entire exchange is drying up with it.
This script detects that three-way alignment mechanically and marks it directly on the price chart with a label, a divergence trendline, and a tooltip showing the exact readings behind every signal. Nothing prints unless all three legs agree at the same two pivots.
█ WHY THIS IS DIFFERENT
TradingView has many divergence engines, including multi-oscillator "agreement" tools, and it has several TICK divergence scripts. What it does not have is a script that requires the specific LBR combination — price + 3/10 fast line + NYSE TICK — to diverge at the same two confirmed swing pivots before anything prints. Generic tools check each oscillator against price independently; this one treats the three-way agreement as a single gated signal, because that is the setup as Raschke teaches it. One condition missing = no signal.
It is also built for accountability: every label carries a tooltip with the precise price, oscillator, and TICK values at both pivots, so you can audit any signal after the fact instead of trusting an arrow.
█ HOW IT WORKS
A bullish signal requires all of the following at two confirmed swing lows (bearish is the mirror at swing highs):
1 — Price: lower low. The second swing low is below the first.
2 — 3/10 oscillator: higher low. The fast line (SMA 3 − SMA 10 of close) is higher at the
second pivot than the first. Sellers made new price lows without new momentum lows.
3 — NYSE TICK: higher low. The TICK low at the second pivot is above the TICK low at the
first. Program selling across the exchange could not match its earlier intensity — breadth
is failing even as price ticks lower.
Additional gates:
• Swing spacing window. The two pivots must be a minimum and maximum number of bars apart
(configurable). Too close is noise; too far and the pattern is stale.
• Zero-side filter (optional, on by default). Both oscillator readings must be below zero
for bullish signals and above zero for bearish ones — the divergence forms in genuinely
depressed (or elevated) momentum territory, not mid-range chop.
• Confirmed pivots only. Swings are detected with asymmetric pivot strength: a larger
left side to define a real swing, a small right side for fast confirmation. Once a signal
prints, it does not repaint.
TICK data is requested on the chart's timeframe with no lookahead. The TICK requirement can be toggled off, which turns the script into a clean price + 3/10 double-divergence detector for symbols where TICK doesn't apply.
█ HOW TO USE IT
Where: designed for short intraday timeframes on the US index complex — ES, MES, SPX, SPY, QQQ — during regular NYSE hours. TICK is flat overnight and meaningless outside US equities; disable the TICK leg anywhere else.
The Raschke approach. This is a countertrend scalp against an exhausting move, not a trend entry. The label marks the condition; the entry comes from price. A typical plan for the bullish version:
• Enter on a break above the high of the signal pivot's confirmation area, or the first strong
close back in the direction of the signal.
• Initial stop goes beyond the divergence extreme — if price takes out the second swing low
decisively, the setup failed.
• First target is the middle of the prior swing or the nearest reference average. Divergence
trades fade an extended move; take profits actively rather than hoping for a reversal into
a full trend.
The Grimes perspective. Adam Grimes, who uses the same 3/10, emphasizes that momentum divergence is only worth fading when the move it is fading is overextended. This script deliberately keeps the engine minimal, so bring that judgment yourself: the best signals appear after a sustained directional push into an extreme — late in a morning sell-off, at a measured-move completion, after several consecutive momentum lows — not in the middle of a quiet range. A divergence that forms mid-range chop is a statistic; one that forms at an extension is a trade.
Even if you never fade anything, the signals have a second use, straight from Grimes: a bearish triple divergence printing while you hold longs is an objective warning that the leg you are riding has lost its sponsorship.
█ FEATURES / INPUTS
• 3/10 Oscillator: fast and slow SMA lengths; zero-side filter toggle.
• Swing Detection: pivot strength left/right (right side controls confirmation lag);
min/max bars between the two swings.
• TICK Confirmation: toggle the TICK requirement; TICK symbol input (swap for your
data feed's TICK).
• Display: divergence trendlines on price on/off; bullish and bearish colors.
• Tooltips on every label showing price, oscillator, and TICK values at both pivots.
• Two alert conditions — bullish and bearish triple divergence — with ticker and interval
placeholders, firing only on confirmed, non-repainting signals.
█ LIMITATIONS
• Signals confirm a few bars after the actual swing — the cost of using confirmed pivots
instead of repainting ones. The label is placed back at the true pivot bar.
• The TICK leg only works on US equities and index products during regular trading hours,
on intraday timeframes.
• This is a countertrend tool. In a strong one-way trend, price can print divergence after
divergence while grinding on. The zero-side filter and spacing window suppress some of this,
but no divergence tool should be traded against a runaway market — Raschke's own warning.
• The script identifies the condition; it is not an entry system. Trigger, stop, and target
decisions are yours.
█ THANKS
Credit to Linda Bradford Raschke (LBRGroup, Street Smarts) for the 3/10 oscillator and the triple-divergence setup, and to Adam Grimes (The Art and Science of Technical Analysis) for the momentum-divergence framework referenced above. Educational tool, not financial advice.
█ OVERVIEW
Linda Bradford Raschke has described one intraday setup she rated highly enough to say she would take it blindfolded: price makes a new swing low, but both her 3/10 oscillator AND the NYSE TICK refuse to confirm it. Momentum is drying up on your symbol, and the selling pressure across the entire exchange is drying up with it.
This script detects that three-way alignment mechanically and marks it directly on the price chart with a label, a divergence trendline, and a tooltip showing the exact readings behind every signal. Nothing prints unless all three legs agree at the same two pivots.
█ WHY THIS IS DIFFERENT
TradingView has many divergence engines, including multi-oscillator "agreement" tools, and it has several TICK divergence scripts. What it does not have is a script that requires the specific LBR combination — price + 3/10 fast line + NYSE TICK — to diverge at the same two confirmed swing pivots before anything prints. Generic tools check each oscillator against price independently; this one treats the three-way agreement as a single gated signal, because that is the setup as Raschke teaches it. One condition missing = no signal.
It is also built for accountability: every label carries a tooltip with the precise price, oscillator, and TICK values at both pivots, so you can audit any signal after the fact instead of trusting an arrow.
█ HOW IT WORKS
A bullish signal requires all of the following at two confirmed swing lows (bearish is the mirror at swing highs):
1 — Price: lower low. The second swing low is below the first.
2 — 3/10 oscillator: higher low. The fast line (SMA 3 − SMA 10 of close) is higher at the
second pivot than the first. Sellers made new price lows without new momentum lows.
3 — NYSE TICK: higher low. The TICK low at the second pivot is above the TICK low at the
first. Program selling across the exchange could not match its earlier intensity — breadth
is failing even as price ticks lower.
Additional gates:
• Swing spacing window. The two pivots must be a minimum and maximum number of bars apart
(configurable). Too close is noise; too far and the pattern is stale.
• Zero-side filter (optional, on by default). Both oscillator readings must be below zero
for bullish signals and above zero for bearish ones — the divergence forms in genuinely
depressed (or elevated) momentum territory, not mid-range chop.
• Confirmed pivots only. Swings are detected with asymmetric pivot strength: a larger
left side to define a real swing, a small right side for fast confirmation. Once a signal
prints, it does not repaint.
TICK data is requested on the chart's timeframe with no lookahead. The TICK requirement can be toggled off, which turns the script into a clean price + 3/10 double-divergence detector for symbols where TICK doesn't apply.
█ HOW TO USE IT
Where: designed for short intraday timeframes on the US index complex — ES, MES, SPX, SPY, QQQ — during regular NYSE hours. TICK is flat overnight and meaningless outside US equities; disable the TICK leg anywhere else.
The Raschke approach. This is a countertrend scalp against an exhausting move, not a trend entry. The label marks the condition; the entry comes from price. A typical plan for the bullish version:
• Enter on a break above the high of the signal pivot's confirmation area, or the first strong
close back in the direction of the signal.
• Initial stop goes beyond the divergence extreme — if price takes out the second swing low
decisively, the setup failed.
• First target is the middle of the prior swing or the nearest reference average. Divergence
trades fade an extended move; take profits actively rather than hoping for a reversal into
a full trend.
The Grimes perspective. Adam Grimes, who uses the same 3/10, emphasizes that momentum divergence is only worth fading when the move it is fading is overextended. This script deliberately keeps the engine minimal, so bring that judgment yourself: the best signals appear after a sustained directional push into an extreme — late in a morning sell-off, at a measured-move completion, after several consecutive momentum lows — not in the middle of a quiet range. A divergence that forms mid-range chop is a statistic; one that forms at an extension is a trade.
Even if you never fade anything, the signals have a second use, straight from Grimes: a bearish triple divergence printing while you hold longs is an objective warning that the leg you are riding has lost its sponsorship.
█ FEATURES / INPUTS
• 3/10 Oscillator: fast and slow SMA lengths; zero-side filter toggle.
• Swing Detection: pivot strength left/right (right side controls confirmation lag);
min/max bars between the two swings.
• TICK Confirmation: toggle the TICK requirement; TICK symbol input (swap for your
data feed's TICK).
• Display: divergence trendlines on price on/off; bullish and bearish colors.
• Tooltips on every label showing price, oscillator, and TICK values at both pivots.
• Two alert conditions — bullish and bearish triple divergence — with ticker and interval
placeholders, firing only on confirmed, non-repainting signals.
█ LIMITATIONS
• Signals confirm a few bars after the actual swing — the cost of using confirmed pivots
instead of repainting ones. The label is placed back at the true pivot bar.
• The TICK leg only works on US equities and index products during regular trading hours,
on intraday timeframes.
• This is a countertrend tool. In a strong one-way trend, price can print divergence after
divergence while grinding on. The zero-side filter and spacing window suppress some of this,
but no divergence tool should be traded against a runaway market — Raschke's own warning.
• The script identifies the condition; it is not an entry system. Trigger, stop, and target
decisions are yours.
█ THANKS
Credit to Linda Bradford Raschke (LBRGroup, Street Smarts) for the 3/10 oscillator and the triple-divergence setup, and to Adam Grimes (The Art and Science of Technical Analysis) for the momentum-divergence framework referenced above. Educational tool, not financial advice.
สคริปต์แบบโอเพนซอร์ส
ด้วยเจตนารมณ์หลักของ TradingView ผู้สร้างสคริปต์นี้ได้ทำให้เป็นโอเพนซอร์ส เพื่อให้เทรดเดอร์สามารถตรวจสอบและยืนยันฟังก์ชันการทำงานของมันได้ ขอชื่นชมผู้เขียน! แม้ว่าคุณจะใช้งานได้ฟรี แต่โปรดจำไว้ว่าการเผยแพร่โค้ดซ้ำจะต้องเป็นไปตาม กฎระเบียบการใช้งาน ของเรา
Get more in-depth analysis on my website: joerodtrades.substack.com
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
สคริปต์แบบโอเพนซอร์ส
ด้วยเจตนารมณ์หลักของ TradingView ผู้สร้างสคริปต์นี้ได้ทำให้เป็นโอเพนซอร์ส เพื่อให้เทรดเดอร์สามารถตรวจสอบและยืนยันฟังก์ชันการทำงานของมันได้ ขอชื่นชมผู้เขียน! แม้ว่าคุณจะใช้งานได้ฟรี แต่โปรดจำไว้ว่าการเผยแพร่โค้ดซ้ำจะต้องเป็นไปตาม กฎระเบียบการใช้งาน ของเรา
Get more in-depth analysis on my website: joerodtrades.substack.com
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน