by 
This strategy overlays a Cipher B style WaveTrend study on the price chart and is titled for Ethereum buy alerts aimed at 3Commas. It calculates a WaveTrend channel and a short moving average, and can mark buy, sell, gold, and divergence dots. Settings change
Strategy · Pine Script v5 · On the chart
DivAlgo (Divergence Detection Strategy)
DivAlgo is a Pine Script strategy that identifies regular and hidden divergences between price action and momentum indicators such as RSI or MACD.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code167
Settings13inputs
LicenceNone stated
Last update8 months ago16 Feb 2026
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 strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
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
DivAlgo (Divergence Detection Strategy) detects highs and lows using pivot points across configurable lookback periods to trigger long and short entries. Trades are automatically managed with ATR-based stop loss and take profit targets. All divergence signals and strategy trades are drawn directly on the main price chart.
- RSI and MACD oscillator divergence detection
- Regular and hidden divergence setups
- Configurable pivot lookback and distance parameters
- ATR-based stop loss and take profit targets
Details
Published by
Tradehook-org on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Divergence, Oscillators & momentum
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 |
|---|---|---|---|
| Oscillator Type | string | RSI | oscillatorType |
| RSI Length | integer | 14 | rsiLength |
| MACD Fast Length | integer | 12 | macdFastLength |
| MACD Slow Length | integer | 26 | macdSlowLength |
| MACD Signal Length | integer | 9 | macdSignalLength |
| Pivot Lookback Bars | integer | 10 | pivotLookback |
| Min Bars Between Pivots | integer | 5 | minPivotDistance |
| Max Bars Since Last Pivot | integer | 30 | maxBarsSincePivot |
| ATR Length | integer | 14 | atrLength |
| Stop Loss (ATR Multiplier) | float | 3.0 | stopLossMultiplier |
| Take Profit (ATR Multiplier) | float | 6.0 | takeProfitMultiplier |
| Show Regular Divergence | bool | true | showRegularDivergence |
Show all 13 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show Hidden Divergence | bool | true | showHiddenDivergence |
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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