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
Indicator · Pine Script v5 · On the chart
Strength of Divergence Across Multiple Indicators
This indicator identifies regular and hidden bullish and bearish divergences between price action and multiple technical indicators, including RSI, OBV, MACD, Stochastic, and CCI.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code386
Settings40inputs
LicenceNone stated
Last update5 months ago27 May 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
Strength of Divergence Across Multiple Indicators evaluates price and indicator pivots over a configurable lookback window, calculating a composite strength score based on user-defined indicator weights and price versus indicator magnitude. Confirmed divergences and trendlines are drawn directly on the main price chart. Key settings allow customization of pivot detection lengths, lookback limits, trendline break filtering, and individual indicator weights. Signal labels appear retroactively upon pivot confirmation.
- Multi-indicator divergence detection for RSI, OBV, MACD, Stoch, and CCI
- Composite weighted strength scoring for regular and hidden divergences
- Configurable pivot parameters and lookback range
- Trendline break validation to filter out invalidated divergences
- On-chart visualization with divergence trendlines and strength labels
Details
Published by
g-moe on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Divergence, Oscillators & momentum, Volume
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 |
|---|---|---|---|
| Bullish | bool | true | bullSwitch |
| Bearish | bool | true | bearSwitch |
| Hidden | bool | true | showHidden |
| Exclude if broken trendline | bool | true | noBroken |
| Previous pivot bars before/after | int | 4 | ppLength |
| Next (divergent) pivot bars before | int | 4 | cpLengthBefore |
| Next (divergent) pivot bars after | int | 2 | cpLengthAfter |
| Lookback bars | int | 50 | lbBars |
| Lookback pivots | int | 2 | lbPivs |
| Regular divergence weight | float | 1.0 | w_reg |
| Hidden divergence weight | float | 1.0 | w_hid |
| Δ price weight | float | 0.5 | w_p |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Δ indicator weight | float | 1.5 | w_i |
| Bullish divergence price source | source | low | bullPsource |
| Bearish divergence price source | source | high | bearPsource |
| RSI | bool | true | iRsi |
| Weight | float | 1.1 | w_rsi |
| Extreme value | float | 1.0 | e_rsi |
| OBV | bool | true | iObv |
| Weight | float | 0.8 | w_obv |
| Extreme value | float | 1.0 | e_obv |
| MACD | bool | true | iMacd |
| Weight | float | .9 | w_macd |
| Extreme value | float | 1.0 | e_macd |
| STOCH | bool | true | iStoch |
| Weight | float | 0.9 | w_stoch |
| Extreme value | float | 1.0 | e_stoch |
| CCI | bool | true | iCci |
| Weight | float | 1.0 | w_cci |
| Extreme value | float | 1.0 | e_cci |
| MFI | bool | true | iMfi |
| Weight | float | 1.0 | w_mfi |
| Extreme value | float | 1.0 | e_mfi |
| AO | bool | true | iAo |
| Weight | float | 1.0 | w_ao |
| Extreme value | float | 1.0 | e_ao |
| Alert | bool | true | a_on |
| for values above | float | 5.0 | a_above |
| Show lines | bool | true | noLine |
| Show labels | bool | true | noLab |
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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