MACD + Divergences [Alorse] is a momentum strategy that calculates the MACD oscillator and identifies regular and hidden divergences using pivot high and low points. It filters trade signals with dual Exponential Moving Averages (EMA 150 and 600) to ensure tra
Strategy · Pine Script v6 · Own pane
Tn Sovereign Stoch Divergence v6
This strategy calculates the Stochastic oscillator (%K and %D) alongside overbought and oversold reference levels to detect divergences against price pivots.
GitHub stars1on the repository
Pine versionv6current
Lines of code145
Settings12inputs
LicenceNone stated
Last update2 months ago15 Aug 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
Using left and right pivot lookbacks on price and the Stochastic line, it identifies bullish and bearish divergence structures to trigger entry orders. Exits are managed through user-defined percentage stop loss and take profit thresholds. Drawn in a separate pane below the chart, divergence signals are lagged by the right pivot confirmation window.
- Stochastic oscillator %K and %D calculation
- Pivot-based bullish and bearish divergence detection
- Configurable pivot left and right lookback lengths
- Percentage-based stop loss and take profit management
Details
Published by
raybird on GitHub
Type
Strategy, Pine Script v6
Draws
Separate pane below the 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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| %K 週期 | int | 14 | periodK |
| %K 平滑 | int | 1 | smoothK |
| %D 平滑 | int | 3 | periodD |
| 超買水準 | int | 80 | obLevel |
| 超賣水準 | int | 20 | osLevel |
| 左樞軸回看 | int | 5 | pivotLeft |
| 右樞軸回看 | int | 5 | pivotRight |
| 最大回溯 K 線 | int | 100 | maxBarsBk |
| 啟用停損 | bool | true | useSL |
| 停損 (%) | float | 2.0 | slPerc |
| 啟用停利 | bool | true | useTP |
| 停利 (%) | float | 4.0 | tpPerc |
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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