Divergence Sweep

About this indicator

One oscillator diverging is noise. Six diverging at the same swing is a message, and the difference between those two situations is the whole point of this. Every confirmed swing high and low is compared against the previous one on the same side. At both pivots all enabled oscillators are read, and the ones that moved against price are counted. You set how many have to agree before anything is drawn. Regular and hidden divergences are both detected and drawn differently, solid for reversal, dashed for continuation. Each line carries the count, and the marker lists the oscillators by name so you can see whether it is the volume-based ones or the price-based ones doing the talking. Minimum and maximum bar separation between pivots stops it pairing swings that have nothing to do with each other, which is where most divergence tools generate their noise.

No reviews yet, be the first to share how it works for you.