OPEN-SOURCE SCRIPT

Mawreez' Aggregated Divergences

1 836
Automatically detect regular and hidden divergences in multiple oscillators and visualize them through creative use of the histogram plot. I've open-sourced the code behind the indicator so that any user or their tech-savvy friend may easily add more oscillators of their choice.

Known bugs:
  • When two divergences occur within the same lookback period, only the first one is found.
  • There is some overhead when searching for tops and bottoms.
  • The oscillator and price source are still allowed to cross the trendline connecting their respective tops and bottoms.


Planned features:
  • Some mechanism to warn for divergences which are still awaiting confirmation.
  • More sophisticated method for finding tops and bottoms.

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