OPEN-SOURCE SCRIPT
Atualizado ATR Divergences [UAlgo]
Divergence is a concept in financial markets that highlights inconsistencies between the price of an asset and a given indicator. This script focuses on identifying divergences using the Average True Range (ATR). Divergence occurs when there is a disparity between the direction of the price and the oscillator, providing valuable insights for traders anticipating potential trend reversals.
This script employs pivot points (with using High-Low values of the candles) to identify potential divergences between the oscillator (ATR) and price movements. Here's how each type of divergence is determined:
Key Features:
Regular Bullish Divergence:
Oscillator registers a higher low.
Price records a lower low.
Indicative of potential upward reversal.
https://www.tradingview.com/x/xLEQJE2z
Hidden Bullish Divergence:
Oscillator indicates a lower low.
Price exhibits a higher low.
Signals a concealed bullish continuation pattern.
https://www.tradingview.com/x/9uO7iasN
Regular Bearish Divergence:
Oscillator shows a lower high.
Price marks a higher high.
Suggests a possible downward reversal.
https://www.tradingview.com/x/gEQu4eGy
Hidden Bearish Divergence:
Oscillator reflects a higher high.
Price displays a lower high.
Indicates a hidden bearish continuation pattern.
https://www.tradingview.com/x/patPpoRt
Usage and Customization:
ATR Length: Adjustable parameter for customizing the Average True Range calculation period.
Plot Options: Choose to display Regular Bullish, Hidden Bullish, Regular Bearish, and/or Hidden Bearish divergences.
Wait for Candle Close: Option to wait for candle closure before plotting signals.
How to Interpret:
Regular divergences may indicate potential trend reversals, while hidden divergences suggest a continuation of the current trend. Traders can leverage these signals to make informed decisions in their trading strategies.
Feel free to customize the parameters based on your trading preferences. Happy Trading!
This script employs pivot points (with using High-Low values of the candles) to identify potential divergences between the oscillator (ATR) and price movements. Here's how each type of divergence is determined:
Key Features:
Regular Bullish Divergence:
Oscillator registers a higher low.
Price records a lower low.
Indicative of potential upward reversal.
https://www.tradingview.com/x/xLEQJE2z
Hidden Bullish Divergence:
Oscillator indicates a lower low.
Price exhibits a higher low.
Signals a concealed bullish continuation pattern.
https://www.tradingview.com/x/9uO7iasN
Regular Bearish Divergence:
Oscillator shows a lower high.
Price marks a higher high.
Suggests a possible downward reversal.
https://www.tradingview.com/x/gEQu4eGy
Hidden Bearish Divergence:
Oscillator reflects a higher high.
Price displays a lower high.
Indicates a hidden bearish continuation pattern.
https://www.tradingview.com/x/patPpoRt
Usage and Customization:
ATR Length: Adjustable parameter for customizing the Average True Range calculation period.
Plot Options: Choose to display Regular Bullish, Hidden Bullish, Regular Bearish, and/or Hidden Bearish divergences.
Wait for Candle Close: Option to wait for candle closure before plotting signals.
How to Interpret:
Regular divergences may indicate potential trend reversals, while hidden divergences suggest a continuation of the current trend. Traders can leverage these signals to make informed decisions in their trading strategies.
Feel free to customize the parameters based on your trading preferences. Happy Trading!
Notas de Lançamento
Pinescript version update.Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.