This indicator scans multiple tickers simultaneously to detect regular bullish and bearish MACD divergences filtered by long-term trend direction (150 EMA versus 600 EMA). It evaluates pivot highs and lows in the MACD line against price action across configura
Indicator · Pine Script v5 · On the chart
MFI Divergences
This indicator plots price data and is designed to detect divergences between price action and the Money Flow Index (MFI).
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code10
Settings0inputs
LicenceNone statedfile: MPL-2.0
Last update5 months ago27 May 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
10 lines of Pine Script v5 from Tradingview/mfi-divergences.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// 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("MFI Divergences", overlay = true)
// @keywords: mfi-divergences, money-flow-index, mfi-divergence, bullish-divergence, bearish-divergence, regular-divergence, hidden-divergence, price-mfi-divergence, pivot-high, pivot-low, swing-pivots, divergence-lines, overbought-oversold, buy-signal, sell-signal, momentum-divergence, trend-reversal, bars-between-pivots, mfi-zone-filter, divergence-markers
plot(close)
Overview
MFI Divergences uses pivot highs and lows to identify potential regular and hidden bullish or bearish divergence signals. By evaluating momentum shifts relative to price swings, it aims to highlight potential trend reversal or continuation points directly on the main price chart.
- Money Flow Index divergence detection
- Regular and hidden divergence identification
- Pivot high and low swing tracking
- Direct price chart overlay
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
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.
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.
Similar Pine Scripts
This overlay indicator looks for regular price divergences against a set of oscillators, using pivot highs and lows. It compares those pivots with RSI, MACD and its histogram, stochastic, CCI, momentum, OBV, a directional oscillator, volume-weighted MACD, Chai
The RSI Divergence Scanner calculates the Relative Strength Index and identifies regular and hidden bullish or bearish divergences against price using pivot high and low points. It plots divergence lines and customizable labels directly on the price chart. Inp
This indicator detects regular and hidden divergences across multiple technical factors plotted directly on the price chart. It evaluates price highs and lows against peaks and troughs identified by a five-bar fractal mechanism on RSI, RSI Stochastic, MACD, re
This indicator marks RSI divergences only when price trades beyond daily VWAP standard-deviation bands. It compares recent RSI extremes with price highs and lows over a lookback window, and it treats a divergence as valid only while RSI stays beyond overbought
This indicator builds a momentum score from the rate of change of close, using a lookback that expands or contracts with ATR relative to its standard deviation. It divides that rate of change by price standard deviation, scales the result, and weights it by vo
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers