[fikira] MACD & RSI+Stoch + Divergences

This is a new version of my "Divergences"

Compared to my "Divergences (Pivots)", this is calculated totally different

There are 3 options:
- MACD
- RSI
- Stoch RSI

Since this script is very heavy in calculation it is limited in time (= inspired from a script of "Che_Trader")
Also it uses "max_bars_back" (=1000)

For MACD and Stoch RSI there is a "custom Divergences Period", which compares more then 7 Pivot Points,
the higher the number, the less reliable, it is not necessary to use this, but it is there,
also you can change the "leftbars" and "rightbars", again, it is not necessary to change, but you can...

Linewidth and style of the Divergences lines can be changed

Thank you!

Release Notes

The lines tend to make the script very heavy

I've added the option "Just show Arrows (No Lines)"
It is now set default as true, so standard NO LINES are shown

This makes it a bit lighter, you can make the lines visible by enabling the
"Just show Arrows (No Lines)" button, just wait a bit until it deploys.

When the message "Calculation timed out.Remove the indicator and reapply it to the chart" is visible,
try to refresh or pick another TimeFrame (and return to the previous TF), normally it will work then.

Since it still is a heavy script, in the near future I will add 3 separate "RSI", "Stoch RSI" and "MACD"
scripts with Divergences to see if it is lighter and faster in use,

Thank you very much!

Release Notes

Updated small changes

Release Notes

Added more options, also loads quicker and more efficient,
possibly could still be a bit slower than the separate MACD, RSI, RSI + Stoch + DIV scripts,
it is what you prefer,

Thank you very much!

Release Notes

Added alerts

Release Notes

Completely revised script

Release Notes

🔸 Settings

The old RSI / Stoch & MACD divergence scripts are deprecated.

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

fikira

Who are PineCoders?
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/

TG Pine Script® Q&A: t.me/PineCodersQA

- We cannot control our emotions,
but we can control our keyboard -

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

fikira

Who are PineCoders?
tradingview.com/chart/SSP/yW5eOqtm-Who-are-PineCoders/

TG Pine Script® Q&A: t.me/PineCodersQA

- We cannot control our emotions,
but we can control our keyboard -