Divergence Solution Indicator

SETTING MANUAL

1/ What is the Divergence Solution indicator?

Introduction:

The Divergence Solution indicator for TradingView is built to spot key trend changes in the market.
It's easy to use on any market and for any time period, from minutes to months.

Benefits:

High-Probability Reversals: It excels in identifying divergences, which are often precursors to significant price reversals, providing traders with a competitive edge.
Market Adaptability: Whether in forex, stocks, or indices, the Divergence Solution performs consistently, offering valuable insights regardless of market conditions.
Strategic Trade Management: By offering clear stop loss and take profit suggestions, it empowers traders to manage their positions effectively and with confidence.
Customizable Alerts: Stay informed with real-time alerts for potential trades, fully customizable to fit your trading style and needs.
Intuitive Usability: With its user-friendly interface, the Divergence Solution indicator is an excellent addition to the arsenals of both novice and seasoned traders alike.

2.1/ Indicator Setting - Divergence Solution

Please note that there are 2 parts to this product: Divergence Solution Indicator and Divergence Solution Panel. Please add them both from your Invite-only scripts.

TAKE PROFIT & STOP LOSS

Show TP/SL: Toggle to display or hide the Take Profit (TP) and Stop Loss (SL) levels on the chart.

MACD INPUTS

Fast Length: Set the number of periods for the fast moving average in the MACD.
Slow Length: Set the number of periods for the slow moving average in the MACD.
Source: Choose the price data (open, high, low, close,...) for MACD calculation.
Signal Smoothing: Adjust the smoothing factor for the MACD signal line.
Oscillator MA Type: Select the type of moving average for the main MACD line.
Signal Line MA Type: Choose the moving average type for the MACD signal line.

RSI INPUTS

RSI Length: Specify the period length for the Relative Strength Index (RSI).
Source: Select the price data for RSI calculations.
RSI Ob Level (Overbought): Set the overbought level for RSI.
RSI Os Level (Oversold): Define the oversold level for RSI.
RSI Filter: Enable or disable the RSI filter.

MA INPUTS

Slow EMA: Set the period for the slow Exponential Moving Average.
Fast EMA: Define the period for the fast Exponential Moving Average.

STRATEGY OPTIONS

EMA Fast > EMA Slow: Enable to act when the fast EMA is above the slow EMA.
Close > Both EMAs: Enable to act when the closing price is above both EMAs.

DIVERGENCE INPUTS

Pivot Lookback Right: Set the lookback period to the right for pivot points.
Pivot Lookback Left: Set the lookback period to the left for pivot points.
Max of Lookback Range: Set the maximum range for lookback.
Min of Lookback Range: Set the minimum range for lookback.

ATR

Length: Determine the period length for the Average True Range.
Smoothing: Adjust the smoothing factor for ATR.
ATR Reward: Set the reward multiplier for ATR.
ATR Risk: Define the risk multiplier for ATR.

DIVERGENCE PLOTS

Plot Bullish/Bearish/Hidden Bullish/Hidden Bearish: Enable to plot respective divergence types.

PLOT SETTINGS

TP/SL (auto, huge, large, normal, small, tiny): Adjust the display size of Take Profit (TP) and Stop Loss (SL) markers on your chart

PLOTS: Customize colors for TP and SL plot lines.

MACD Line: Set the color for the MACD line.
Signal Line: Set the color for the MACD signal line.
Above Grow/Fall: Modify colors for MACD line growth/fall above zero.
Below Grow/Fall: Modify colors for MACD line growth/fall below zero.

2.2/ Indicator Setting - Divergence Solution Panel

Please note that there are 2 parts to this product: Divergence Solution Indicator and Divergence Solution Panel. Please add them both from your Invite-only scripts.

TAKE PROFIT & STOP LOSS

Show TP/SL: Toggle to display or hide the Take Profit (TP) and Stop Loss (SL) levels on the chart.

MACD INPUTS

Fast Length: Set the number of periods for the fast moving average in the MACD.
Slow Length: Set the number of periods for the slow moving average in the MACD.
Source: Choose the price data (open, high, low, close,...) for MACD calculation.
Signal Smoothing: Adjust the smoothing factor for the MACD signal line.
Oscillator MA Type: Select the type of moving average for the main MACD line.
Signal Line MA Type: Choose the moving average type for the MACD signal line.

RSI INPUTS

RSI Length: Specify the period length for the Relative Strength Index (RSI).
Source: Select the price data for RSI calculations.
RSI Ob Level (Overbought): Set the overbought level for RSI.
RSI Os Level (Oversold): Define the oversold level for RSI.
RSI Filter: Enable or disable the RSI filter.

MA INPUTS

Slow EMA: Set the period for the slow Exponential Moving Average.
Fast EMA: Define the period for the fast Exponential Moving Average.

STRATEGY OPTIONS

EMA Fast > EMA Slow: Enable to act when the fast EMA is above the slow EMA.
Close > Both EMAs: Enable to act when the closing price is above both EMAs.

DIVERGENCE INPUTS

Pivot Lookback Right: Set the lookback period to the right for pivot points.
Pivot Lookback Left: Set the lookback period to the left for pivot points.
Max of Lookback Range: Set the maximum range for lookback.
Min of Lookback Range: Set the minimum range for lookback.

ATR

Length: Determine the period length for the Average True Range.
Smoothing: Adjust the smoothing factor for ATR.
ATR Reward: Set the reward multiplier for ATR.
ATR Risk: Define the risk multiplier for ATR.

DIVERGENCE PLOTS

Plot Bullish/Bearish/Hidden Bullish/Hidden Bearish: Enable to plot respective divergence types.

PLOT SETTINGS

TP/SL (auto, huge, large, normal, small, tiny): Adjust the display size of Take Profit (TP) and Stop Loss (SL) markers on your chart

PLOTS: Customize colors for TP and SL plot lines.

MACD Line: Set the color for the MACD line.
Signal Line: Set the color for the MACD signal line.
Above Grow/Fall: Modify colors for MACD line growth/fall above zero.
Below Grow/Fall: Modify colors for MACD line growth/fall below zero.

How can I set up alerts?

To stay updated on potential trading opportunities, you can set up alerts within the Divergence Solution Panel.

Step 1: From the indicator settings, customize your alerts by defining your desired parameters. The selected configurations will be used for notifications in Step 2.

Step 2: To receive notifications through the app, pop-ups, alert emails, Webhook URL, sound alerts, or email-to-SMS, enable these features by clicking on TradingView's “Alert” icon.

Step 3: Select Divergence Solution Panel from the “Condition” dropdown list:

Step 4: A pop-up will appear as follows. You click on “Notifications”.

Choose one divergence type to trigger the alert: Bearish Divergence, Bullish Divergence, Hidden Bearish Divergence, and Hidden Bullish Divergence. Please note that you can set the indicator to receive alerts for one divergence type only.

Step 5: You choose the types of notifications you'd like to receive and click the “Create” button.