by 
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
VolDivAlgo (Volume Divergence)
This volume divergence indicator detects bullish and bearish divergences on the price chart.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code116
Settings8inputs
LicenceNone stated
Last update8 months ago16 Feb 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
Bullish divergence occurs when price forms a lower low but volume forms a higher low, and bearish divergence when price forms a higher high but volume forms a lower high. It calculates ATR for dynamic stop loss and take profit levels using user-set multipliers. Pivot detection uses customizable left bars, right bars, and minimum distance. The script can display signals and background colors. It plots on the price chart and supports various markets and timeframes.
- volume divergence detection
- atr sl tp calculation
- pivot high low detection
- bullish bearish divergence signals
- signal visualization on chart
Details
Published by
Tradehook-org on GitHub
Type
Indicator, Pine Script v5
Draws
On the price chart
Category
Divergence, 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 |
|---|---|---|---|
| Pivot Left Bars | integer | 5 | leftBars |
| Pivot Right Bars | integer | 5 | rightBars |
| Min Bars Between Pivots | integer | 10 | minPivotDistance |
| ATR Period | integer | 14 | atrPeriod |
| Stop Loss Multiplier (ATR) | float | 2.0 | slMultiplier |
| Take Profit Multiplier (ATR) | float | 4.0 | tpMultiplier |
| Show Signals | bool | true | showSignals |
| Show Background Color | bool | true | showBg |
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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