This indicator merges multiple momentum oscillators including MACD, RSI, Stochastic, CCI, Momentum, OBV, VW MACD, Chaikin Money Flow and Money Flow Index into one 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
Combination by Yzz scans for regular and hidden divergences between the chosen indicators to signal potential trend changes. Settings allow selective display of each oscillator, divergence type, line style, colors and minimum count required. Optionally it plots pivot points and 50/200 period moving averages. All signals appear on the price chart with lines and labels. The tool is intended for reference use only.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Pivot Period
int
5
prd
Source for Pivot Points
string
Close
source
Divergence Type
string
Regular
searchdiv
Show Indicator Names
string
Full
showindis
Minimum Number of Divergence
int
1
showlimit
Maximum Pivot Points to Check
int
10
maxpp
Maximum Bars to Check
int
100
maxbars
Show Divergence Number
bool
true
shownum
Show Only Last Divergence
bool
false
showlast
Don't Wait for Confirmation
bool
false
dontconfirm
Show Divergence Lines
bool
true
showlines
Show Pivot Points
bool
false
showpivot
Show all 40 settings
Setting
Type
Default
Variable
MACD
bool
true
calcmacd
MACD Histogram
bool
true
calcmacda
RSI
bool
true
calcrsi
Stochastic
bool
true
calcstoc
CCI
bool
true
calccci
Momentum
bool
true
calcmom
OBV
bool
true
calcobv
VWmacd
bool
true
calcvwmacd
Chaikin Money Flow
bool
true
calccmf
Money Flow Index
bool
true
calcmfi
Check External Indicator
bool
false
calcext
External Indicator
source
close
externalindi
Positive Regular Divergence
color
color.yellow
pos_reg_div_col
Negative Regular Divergence
color
color.navy
neg_reg_div_col
Positive Hidden Divergence
color
color.lime
pos_hid_div_col
Negative Hidden Divergence
color
color.red
neg_hid_div_col
Positive Divergence Text Color
color
color.black
pos_div_text_col
Negative Divergence Text Color
color
color.white
neg_div_text_col
Regular Divergence Line Style
string
Solid
reg_div_l_style_
Hdden Divergence Line Style
string
Dashed
hid_div_l_style_
Regular Divergence Line Width
int
2
reg_div_l_width
Hidden Divergence Line Width
int
1
hid_div_l_width
Show MAs 50 & 200
bool
false
showmas
cma1col
color
color.lime
cma1col
cma2col
color
color.red
cma2col
Show 100 Line
bool
true
tmah100
Show Trend Fill
bool
true
tmatrendFill
Show Bearish 3 Line Strike
bool
true
bearS
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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