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Indicator · Pine Script v5 · On the chart

Fractals with Divergence Scanner

by g-moe· code credited to goodgains

Fractals with Divergence Scanner is an overlay indicator that combines Exponential Moving Averages, an eight-line EMA ribbon cloud, and WaveTrend divergence analysis.

View on GitHub

GitHub stars3on the repository
Pine versionv5runs as is
Lines of code212
Settings40inputs
LicenceNone statedfile: MPL-2.0
Last update5 months ago27 May 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

212 lines of Pine Script v5 from Tradingview/fractals-divergence-scanner.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

fractals-divergence-scanner.pine 
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © goodgains


//@version=5
indicator("Fractals with Divergence Scanner", overlay = true)

// @keywords: fractals-divergence-scanner, ema-filter, ema-ribbon-cloud, wavetrend-divergence, vumanchu-dots, stoch-rsi-divergence, rsi-divergence, regular-divergence, hidden-divergence, fractal-pivots, buy-sell-labels, small-dot-signals, ribbon-barcolor, wave-trend-cross, overbought-oversold-wt, multi-indicator-scanner, divergence-fractals, ema-eight-ribbon, combined-buy-sell, plotshape-signals

//MA
use_ma = input.bool(true, title = 'Use EMA ?', group = 'MA Settings', inline = '1')
ma_price = input.source(close, title = 'EMA Price', group = 'MA Settings', inline = '2')
ma_length = input.int(50, title = 'EMA Length', group = 'MA Settings', inline = '2')
ma_value = ta.ema(ma_price, ma_length) 
ma_buy = use_ma and close >= ma_value
ma_sell = use_ma and close < ma_value
plot(use_ma ? ma_value : na, title = 'Separate EMA', color = ma_buy ? color.teal : color.red, linewidth = 3)


//MA RIBBON
use_ma_ribbon = input.bool(true, title = 'Use EMA Ribbon ?', group = 'EMA Ribbon Settings', inline = '1')
color_ribbon_cloud = input.bool(true, title = 'Color Ribbon Cloud ?', group = 'EMA Ribbon Settings', inline = '2')
ema_ribbon_price = input.source(close, title = 'EMA Ribbon Price', group = 'EMA Ribbon Settings', inline = '3')

ema_length_1 = input.int(21, title = 'EMA Length 1', group = 'EMA Ribbon Settings', inline = '3')
ema_length_2 = input.int(25, title = 'EMA Length 2', group = 'EMA Ribbon Settings', inline = '4')
ema_length_3 = input.int(30, title = 'EMA Length 3', group = 'EMA Ribbon Settings', inline = '5')
ema_length_4 = input.int(35, title = 'EMA Length 4', group = 'EMA Ribbon Settings', inline = '6')
ema_length_5 = input.int(40, title = 'EMA Length 5', group = 'EMA Ribbon Settings', inline = '7')
ema_length_6 = input.int(45, title = 'EMA Length 6', group = 'EMA Ribbon Settings', inline = '8')
ema_length_7 = input.int(50, title = 'EMA Length 7', group = 'EMA Ribbon Settings', inline = '9')
ema_length_8 = input.int(55, title = 'EMA Length 8', group = 'EMA Ribbon Settings', inline = '10')

ema_value_1 = ta.ema(ema_ribbon_price, ema_length_1) 
ema_value_2 = ta.ema(ema_ribbon_price, ema_length_2) 
ema_value_3 = ta.ema(ema_ribbon_price, ema_length_3) 
ema_value_4 = ta.ema(ema_ribbon_price, ema_length_4) 
ema_value_5 = ta.ema(ema_ribbon_price, ema_length_5) 
ema_value_6 = ta.ema(ema_ribbon_price, ema_length_6) 
ema_value_7 = ta.ema(ema_ribbon_price, ema_length_7) 
ema_value_8 = ta.ema(ema_ribbon_price, ema_length_8) 

plot(use_ma_ribbon ? ema_value_1 : na, title = 'EMA Ribbon 1', color = ma_buy ? color.teal : ma_sell ? color.red : color.gray, linewidth = 1)
plot(use_ma_ribbon ? ema_value_2 : na, title = 'EMA Ribbon 2', color = ma_buy ? color.teal : ma_sell ? color.red : color.gray, linewidth = 1)
plot(use_ma_ribbon ? ema_value_3 : na, title = 'EMA Ribbon 3', color = ma_buy ? color.teal : ma_sell ? color.red : color.gray, linewidth = 1)
plot(use_ma_ribbon ? ema_value_4 : na, title = 'EMA Ribbon 4', color = ma_buy ? color.teal : ma_sell ? color.red : color.gray, linewidth = 1)
plot(use_ma_ribbon ? ema_value_5 : na, title = 'EMA Ribbon 5', color = ma_buy ? color.teal : ma_sell ? color.red : color.gray, linewidth = 1)
plot(use_ma_ribbon ? ema_value_6 : na, title = 'EMA Ribbon 6', color = ma_buy ? color.teal : ma_sell ? color.red : color.gray, linewidth = 1)
plot(use_ma_ribbon ? ema_value_7 : na, title = 'EMA Ribbon 7', color = ma_buy ? color.teal : ma_sell ? color.red : color.gray, linewidth = 1)
plot(use_ma_ribbon ? ema_value_8 : na, title = 'EMA Ribbon 8', color = ma_buy ? color.teal : ma_sell ? color.red : color.gray, linewidth = 1)


max_cloud_value = math.max(ema_value_1, math.max(ema_value_2, math.max(ema_value_3, math.max(ema_value_4, math.max(ema_value_5, math.max(ema_value_6, math.max(ema_value_7, ema_value_8)))))))
min_cloud_value = math.min(ema_value_1, math.min(ema_value_2, math.min(ema_value_3, math.min(ema_value_4, math.min(ema_value_5, math.min(ema_value_6, math.min(ema_value_7, ema_value_8)))))))

max_cloud_plot = plot(max_cloud_value, color = color.new(#000000, 100), editable = false)
min_cloud_plot = plot(min_cloud_value, color = color.new(#000000, 100), editable = false)
fill(max_cloud_plot, min_cloud_plot, color = ma_buy ? color.new(color.teal,85) : color.new(color.red,85), title = 'EMA Ribbon Cloud')

in_ribbon = use_ma_ribbon and ((high > min_cloud_value and low < max_cloud_value))
barcolor(in_ribbon ? color.yellow : na, title = 'In EMA Ribbon Cloud')


//VUMANCHU DOTS
small_dots = input.bool(true, 'Small BUY/SELL Dots', group = 'VuManChu B Divergences Small Dots', inline = '1')

wtMASource = input(hlc3, title='WT MA Source', group = 'VuManChu B Divergences Small Dots', inline = '2')
wtChannelLen = input(9, title='WT Channel Length', group = 'VuManChu B Divergences Small Dots', inline = '3')
wtAverageLen = input(12, title='WT Average Length', group = 'VuManChu B Divergences Small Dots', inline = '4')
wtMALen = input(3, title='WT MA Length', group = 'VuManChu B Divergences Small Dots', inline = '5')

obLevel = input(53, title='WT Overbought Level 1', group = 'VuManChu B Divergences Small Dots', inline = '6')
osLevel = input(-53, title='WT Oversold Level 1', group = 'VuManChu B Divergences Small Dots', inline = '7')

// WaveTrend
f_wavetrend(src, chlen, avg, malen, tf) =>
    tfsrc = request.security(syminfo.tickerid, tf, src)
    esa = ta.ema(tfsrc, chlen)
    de = ta.ema(math.abs(tfsrc - esa), chlen)
    ci = (tfsrc - esa) / (0.015 * de)
    wt1 = request.security(syminfo.tickerid, tf, ta.ema(ci, avg))
    wt2 = request.security(syminfo.tickerid, tf, ta.sma(wt1, malen))
    wtVwap = wt1 - wt2
    wtOversold = wt2 <= osLevel
    wtOverbought = wt2 >= obLevel
    wtCross = ta.cross(wt1, wt2)
    wtCrossUp = wt2 - wt1 <= 0
    wtCrossDown = wt2 - wt1 >= 0
    wtCrosslast = ta.cross(wt1[2], wt2[2])
    wtCrossUplast = wt2[2] - wt1[2] <= 0
    wtCrossDownlast = wt2[2] - wt1[2] >= 0
    [wt1, wt2, wtOversold, wtOverbought, wtCross, wtCrossUp, wtCrossDown, wtCrosslast, wtCrossUplast, wtCrossDownlast, wtVwap]



//SMALL DOTS CALCULATION
[wt1, wt2, wtOversold, wtOverbought, wtCross, wtCrossUp, wtCrossDown, wtCross_last, wtCrossUp_last, wtCrossDown_last, wtVwap] = f_wavetrend(wtMASource, wtChannelLen, wtAverageLen, wtMALen, timeframe.period)

buySignal = wtCross and wtCrossUp and wtOversold
sellSignal = wtCross and wtCrossDown and wtOverbought

plotchar(small_dots and buySignal ? true : false, title='Buy circle', char='·', color=color.new(color.teal, 50), location=location.bottom, size=size.small)
plotchar(small_dots and sellSignal ? true : false, title='Sell circle', char='·', color=color.new(color.red, 50), location=location.top, size=size.small)


//REGULAR DOTS CALCULATION
regular_dots = input.bool(true, 'Regular BUY/SELL Dots', group = 'VuManChu B Divergences Regular Dots', inline = '1')


// Divergence WT
wtShowDiv = input(true, title='Show WT Regular Divergences', group = 'VuManChu B Divergences Regular Dots', inline = '2')
wtShowHiddenDiv = input(false, title='Show WT Hidden Divergences', group = 'VuManChu B Divergences Regular Dots', inline = '3')
showHiddenDiv_nl = input(true, title='Not apply OB/OS Limits on Hidden Divergences', group = 'VuManChu B Divergences Regular Dots', inline = '4')
wtDivOBLevel = input(45, title='WT Bearish Divergence min', group = 'VuManChu B Divergences Regular Dots', inline = '5')
wtDivOSLevel = input(-65, title='WT Bullish Divergence min', group = 'VuManChu B Divergences Regular Dots', inline = '6')

// Divergence extra range
wtDivOBLevel_addshow = input(true, title='Show 2nd WT Regular Divergences', group = 'VuManChu B Divergences Regular Dots', inline = '7')
wtDivOBLevel_add = input(15, title='WT 2nd Bearish Divergence', group = 'VuManChu B Divergences Regular Dots', inline = '8')
wtDivOSLevel_add = input(-40, title='WT 2nd Bullish Divergence 15 min', group = 'VuManChu B Divergences Regular Dots', inline = '9')

// RSI Stochastic
stochShow = input(true, title='Show Stochastic RSI', group = 'VuManChu B Divergences Regular Dots', inline = '10')
stochUseLog = input(true, title=' Use Log?', group = 'VuManChu B Divergences Regular Dots', inline = '11')
stochAvg = input(false, title='Use Average of both K & D', group = 'VuManChu B Divergences Regular Dots', inline = '12')
stochSRC = input(close, title='Stochastic RSI Source', group = 'VuManChu B Divergences Regular Dots', inline = '13')
stochLen = input(14, title='Stochastic RSI Length', group = 'VuManChu B Divergences Regular Dots', inline = '14')
stochRsiLen = input(14, title='RSI Length ', group = 'VuManChu B Divergences Regular Dots', inline = '15')
stochKSmooth = input(3, title='Stochastic RSI K Smooth', group = 'VuManChu B Divergences Regular Dots', inline = '16')
stochDSmooth = input(3, title='Stochastic RSI D Smooth', group = 'VuManChu B Divergences Regular Dots', inline = '17')

// Divergence stoch
stochShowDiv = input(false, title='Show Stoch Regular Divergences', group = 'VuManChu B Divergences Regular Dots', inline = '18')
stochShowHiddenDiv = input(false, title='Show Stoch Hidden Divergences', group = 'VuManChu B Divergences Regular Dots', inline = '19')


// RSI
rsiShow = input(false, title='Show RSI', group = 'VuManChu B Divergences Regular Dots', inline = '20')
rsiSRC = input(close, title='RSI Source', group = 'VuManChu B Divergences Regular Dots', inline = '21')
rsiLen = input(14, title='RSI Length', group = 'VuManChu B Divergences Regular Dots', inline = '22')
rsiOversold = input.int(30, title='RSI Oversold', minval=0, maxval=100, group = 'VuManChu B Divergences Regular Dots', inline = '23')
rsiOverbought = input.int(60, title='RSI Overbought', minval=0, maxval=100, group = 'VuManChu B Divergences Regular Dots', inline = '24')

// Divergence RSI
rsiShowDiv = input(false, title='Show RSI Regular Divergences', group = 'VuManChu B Divergences Regular Dots', inline = '25')
rsiShowHiddenDiv = input(false, title='Show RSI Hidden Divergences', group = 'VuManChu B Divergences Regular Dots', inline = '26')
rsiDivOBLevel = input(60, title='RSI Bearish Divergence min', group = 'VuManChu B Divergences Regular Dots', inline = '27')
rsiDivOSLevel = input(30, title='RSI Bullish Divergence min', group = 'VuManChu B Divergences Regular Dots', inline = '28')

// Divergences 
f_top_fractal(src) =>
    src[4] < src[2] and src[3] < src[2] and src[2] > src[1] and src[2] > src[0]
f_bot_fractal(src) =>
    src[4] > src[2] and src[3] > src[2] and src[2] < src[1] and src[2] < src[0]
f_fractalize(src) =>
    f_top_fractal(src) ? 1 : f_bot_fractal(src) ? -1 : 0

f_findDivs(src, topLimit, botLimit, useLimits) =>
    fractalTop = f_fractalize(src) > 0 and (useLimits ? src[2] >= topLimit : true) ? src[2] : na
    fractalBot = f_fractalize(src) < 0 and (useLimits ? src[2] <= botLimit : true) ? src[2] : na
    highPrev = ta.valuewhen(fractalTop, src[2], 0)[2]
    highPrice = ta.valuewhen(fractalTop, high[2], 0)[2]
    lowPrev = ta.valuewhen(fractalBot, src[2], 0)[2]
    lowPrice = ta.valuewhen(fractalBot, low[2], 0)[2]
    bearSignal = fractalTop and high[2] > highPrice and src[2] < highPrev
    bullSignal = fractalBot and low[2] < lowPrice and src[2] > lowPrev
    bearDivHidden = fractalTop and high[2] < highPrice and src[2] > highPrev
    bullDivHidden = fractalBot and low[2] > lowPrice and src[2] < lowPrev
    [fractalTop, fractalBot, lowPrev, bearSignal, bullSignal, bearDivHidden, bullDivHidden]
    
// Stochastic RSI
f_stochrsi(_src, _stochlen, _rsilen, _smoothk, _smoothd, _log, _avg) =>
    src = _log ? math.log(_src) : _src
    rsi = ta.rsi(src, _rsilen)
    kk = ta.sma(ta.stoch(rsi, rsi, rsi, _stochlen), _smoothk)
    d1 = ta.sma(kk, _smoothd)
    avg_1 = math.avg(kk, d1)
    k = _avg ? avg_1 : kk
    [k, d1]
    
// RSI
rsi = ta.rsi(rsiSRC, rsiLen)
    
// Stochastic RSI
[stochK, stochD] = f_stochrsi(stochSRC, stochLen, stochRsiLen, stochKSmooth, stochDSmooth, stochUseLog, stochAvg)

[wtFractalTop, wtFractalBot, wtLow_prev, wtBearDiv, wtBullDiv, wtBearDivHidden, wtBullDivHidden] = f_findDivs(wt2, wtDivOBLevel, wtDivOSLevel, true)
[wtFractalTop_add, wtFractalBot_add, wtLow_prev_add, wtBearDiv_add, wtBullDiv_add, wtBearDivHidden_add, wtBullDivHidden_add] = f_findDivs(wt2, wtDivOBLevel_add, wtDivOSLevel_add, true)
[stochFractalTop, stochFractalBot, stochLow_prev, stochBearDiv, stochBullDiv, stochBearDivHidden, stochBullDivHidden] = f_findDivs(stochK, 0, 0, false)
[rsiFractalTop, rsiFractalBot, rsiLow_prev, rsiBearDiv, rsiBullDiv, rsiBearDivHidden, rsiBullDivHidden] = f_findDivs(rsi, rsiDivOBLevel, rsiDivOSLevel, true)


buySignalDiv = wtShowDiv and wtBullDiv or wtShowDiv and wtBullDiv_add or stochShowDiv and stochBullDiv or rsiShowDiv and rsiBullDiv
sellSignalDiv = wtShowDiv and wtBearDiv or wtShowDiv and wtBearDiv_add or stochShowDiv and stochBearDiv or rsiShowDiv and rsiBearDiv

plotchar(regular_dots and buySignalDiv ? true : false, title='Divergence buy circle', char='•', color=color.new(color.teal,15), location=location.bottom, size=size.small, offset=-2)
plotchar(regular_dots and sellSignalDiv ? true : false, title='Divergence sell circle', char='•', color=color.new(color.red,15), location=location.top, size=size.small, offset=-2)




//buy_cond
buy_cond = ((use_ma and ma_buy) or not use_ma) and ((use_ma_ribbon and in_ribbon) or not in_ribbon) and ( ((small_dots and buySignal)) or ((regular_dots and buySignalDiv)) )

//sell_cond
sell_cond = ((use_ma and ma_sell) or not use_ma) and ((use_ma_ribbon and in_ribbon) or not in_ribbon) and ( ((small_dots and sellSignal)) or ((regular_dots and sellSignalDiv)) )


//PLOTTING SIGNAL CODE
//MAIN
plotshape(buy_cond ? true : false, style=shape.labelup, editable=true, text= "Buy", textcolor=color.white, location= location.belowbar, color=color.new(color.teal, 30), size=size.tiny)
plotshape(sell_cond ? true : false, style=shape.labeldown, editable=true, text='Sell', textcolor=color.white, location=location.abovebar, color=color.new(color.red, 30), size=size.tiny)

Overview

Fractals with Divergence Scanner calculates baseline EMA trends alongside WaveTrend oscillators to detect regular and hidden divergences at fractal pivot points. The script plots colored buy and sell signal dots directly on the main price chart when momentum crosses align with trend conditions. Users can customize baseline EMA lengths, individual ribbon parameters, and WaveTrend overbought or oversold threshold levels.

Details

Published by

g-moe on GitHub

Code credit

goodgains, as written in the script's header

Type

Indicator, Pine Script v5

Draws

On the price chart

Category

Trend, Moving averages, 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.

File

Tradingview/fractals-divergence-scanner.pine

Repository

github.com/g-moe/Trading-Indicators. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Use EMA ?booltrueuse_ma
EMA Pricesourceclosema_price
EMA Lengthint50ma_length
Use EMA Ribbon ?booltrueuse_ma_ribbon
Color Ribbon Cloud ?booltruecolor_ribbon_cloud
EMA Ribbon Pricesourcecloseema_ribbon_price
EMA Length 1int21ema_length_1
EMA Length 2int25ema_length_2
EMA Length 3int30ema_length_3
EMA Length 4int35ema_length_4
EMA Length 5int40ema_length_5
EMA Length 6int45ema_length_6
Show all 40 settings
SettingTypeDefaultVariable
EMA Length 7int50ema_length_7
EMA Length 8int55ema_length_8
Small BUY/SELL Dotsbooltruesmall_dots
WT MA Sourcesourcehlc3wtMASource
WT Channel Lengthint9wtChannelLen
WT Average Lengthint12wtAverageLen
WT MA Lengthint3wtMALen
WT Overbought Level 1int53obLevel
WT Oversold Level 1int-53osLevel
Regular BUY/SELL Dotsbooltrueregular_dots
Show WT Regular DivergencesbooltruewtShowDiv
Show WT Hidden DivergencesboolfalsewtShowHiddenDiv
Not apply OB/OS Limits on Hidden DivergencesbooltrueshowHiddenDiv_nl
WT Bearish Divergence minint45wtDivOBLevel
WT Bullish Divergence minint-65wtDivOSLevel
Show 2nd WT Regular DivergencesbooltruewtDivOBLevel_addshow
WT 2nd Bearish Divergenceint15wtDivOBLevel_add
WT 2nd Bullish Divergence 15 minint-40wtDivOSLevel_add
Show Stochastic RSIbooltruestochShow
Use Log?booltruestochUseLog
Use Average of both K & DboolfalsestochAvg
Stochastic RSI SourcesourceclosestochSRC
Stochastic RSI Lengthint14stochLen
RSI Length int14stochRsiLen
Stochastic RSI K Smoothint3stochKSmooth
Stochastic RSI D Smoothint3stochDSmooth
Show Stoch Regular DivergencesboolfalsestochShowDiv
Show Stoch Hidden DivergencesboolfalsestochShowHiddenDiv
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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