Script that shows buy and sell signals for multiple indicators and divergences when there's a pivot in the price chart. The defaults are from my own laboration and don't hesitate to share your settings!
Best of trading luck!
Notas de prensa
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Hi all!
Here's an update for this indicator. There's a bunch of things but I will try to list most of them below.
Add volume as possible divergence
Add a pivot on the 'end' (for simpler live trading) that doesn't require bars to the right to pivot (is therefore faster and can be more unreliable than 'real' pivots (but will be removed later))
I've also been noted that I credited @LonesomeTheBlue (for some indicators) in the code but not in text, so here it is! Thank you!
It is a Very Good Indicator. Thank you. can this be used for live trades? most of my back-testing result is showing the past signals/divergence correctly, but i could not see the live ones?
mickes
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@sureshkumarsat Thank you! Hmm, okay. Haven't tried it in live trading yet but hope it gives live signals. I have tried the alerts and it seems to work, how have you noticed it not working.
sureshkumarsat
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@mickes, Hi. I have not tried alerts. i was trying to see price divergence in 15mts TF, with my RSI length 14. i am not sure what is the RSI length you used in the script.
mickes
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@sureshkumarsat Okay, 14 it is, not sure why it's not showing up though...
sureshkumarsat
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@mickes, I have one query. if the script finds divergence in multiple TimeFrame, then in in which timeframe you will mark the divergence? in all time frames where it is observed? or only in the lowest timeframe? or only in the highest timeframe?
mickes
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@sureshkumarsat, It only finds divergences on the chart timeframe. Maybe the divergence issue is because divergences only shows up if there is a pivot and lags therefore by the right length.