This indicator calculates momentum setups based on the Relative Strength Index (RSI) and plots in a separate pane. It offers multiple scanning modes such as Continuous Break, Continuous Retracement, Flip Break, Flip Retracement, and both regular and hidden div
Indicator · Pine Script v5 · Own pane
BTMM TDI Divergence Scanner
This indicator plots a Traders Dynamic Index in a separate pane and scans it for regular and hidden divergences.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code359
Settings19inputs
LicenceNone stated
Last update1 year ago10 Jul 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
BTMM TDI Divergence Scanner builds the index from a smoothed RSI, a signal line, and a longer baseline, then compares price and oscillator pivots over a lookback. Users can toggle each divergence type, set lookback, sensitivity, and minimum pivot distance, and show or hide lines, labels, and overbought and oversold bands. Optional alerts fire on divergences, level breaks, and signal crosses. It does not place trades or define exits.
- Smoothed RSI TDI with signal and baseline
- Regular and hidden divergence detection
- Adjustable lookback, sensitivity, and pivot distance
- Overbought and oversold level bands
- Alerts for divergences, level breaks, and signal crosses
Details
Published by
jcortes254 on GitHub
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Oscillators & momentum, Divergence
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| RSI Length | int | 13 | rsi_length |
| RSI Smoothing | int | 2 | rsi_smooth |
| Signal Line Length | int | 7 | signal_length |
| Base Line Length | int | 34 | base_line_length |
| Show TDI Lines | bool | true | show_tdi_lines |
| Enable Regular Divergence | bool | true | enable_regular_divergence |
| Enable Hidden Divergence | bool | true | enable_hidden_divergence |
| Divergence Lookback Period | int | 15 | divergence_lookback |
| Divergence Sensitivity | float | 1.0 | divergence_sensitivity |
| Minimum Pivot Distance | int | 5 | min_divergence_distance |
| Show Divergence Lines | bool | true | show_divergence_lines |
| Show Divergence Labels | bool | true | show_divergence_labels |
Show all 19 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show TDI Overbought/Oversold | bool | true | show_tdi_levels |
| Overbought Level | float | 68.0 | overbought_level |
| Oversold Level | float | 32.0 | oversold_level |
| Divergence Alert Notifications | bool | true | enable_divergence_alerts |
| TDI Level Break Alerts | bool | true | enable_tdi_level_alerts |
| TDI Signal Cross Alerts | bool | true | enable_signal_cross_alerts |
| Alert Frequency | string | once_per_bar | alert_frequency |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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