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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.
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免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。