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
Indicator · Pine Script v5 · On the chart
Snag - Best Futures V3
This overlay indicator looks for regular price divergences against a set of oscillators, using pivot highs and lows.
Repaints
GitHub stars257on the repository
Pine versionv5runs as is
Lines of code366
Settings20inputs
LicenceNone stated
Last update6 weeks ago11 Sep 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 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
Snag - Best Futures V3 compares those pivots with RSI, MACD and its histogram, stochastic, CCI, momentum, OBV, a directional oscillator, volume-weighted MACD, Chaikin money flow, and the money flow index. Optional hidden divergences, a cut-through check, and a minimum oscillator count filter the marks. Left and right bars set pivot strength, and labels can show the divergence count, oscillator names, and pivots. It draws on the price chart. Live-bar pivots can change before they are confirmed, and there are no trade entries or exits.
- Multi-oscillator regular divergence
- Optional hidden divergences
- Pivot high and low detection
- Cut-through indicator filter
- Divergence count labels
Details
Published by
dearvn on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Divergence, Oscillators & momentum, Volume
Markets
Indices
Timeframes
Any timeframe
Risk Notes
- Signals can change on the live bar or after it closes (repainting)
Repository
Topics
futures-markettradingviewtradovatetrading-futureses1best-indicator-tradingviewnq1trading-futurerus-stock-market
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Left Bars | int | 5 | lb |
| Right Bars | int | 5 | rb |
| Show Hidden Divergences | bool | false | showhidden |
| Check Cut-Through in indicators ! | bool | false | chcut |
| Show Divergence Number | bool | true | shownum |
| Show Indicator Names | bool | false | showindis |
| Show Pivot Points | bool | false | showpivot |
| Change Width by Number of Divergence | bool | true | chwidth |
| Minimum Number of Divergence | int | 1 | showlimit |
| MACD | bool | true | calcmacd |
| MACD Histogram | bool | true | calcmacda |
| RSI | bool | true | calcrsi |
Show all 20 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Stochastic | bool | true | calcstoc |
| CCI | bool | true | calccci |
| Momentum | bool | true | calcmom |
| OBV | bool | true | calcobv |
| Diosc | bool | true | calcdi |
| VWmacd | bool | true | calcvwmacd |
| Chaikin Money Flow | bool | true | calccmf |
| Money Flow Index | bool | true | calcmfi |
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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