Indicator · Pine Script v5 · Own pane

Volume Price Trend with Divergence and Pivot Points

by mikeyhu70

Builds an oscillator from the difference between short and long averages of Price Volume Trend, plotted in a separate pane with colour changes above and below zero.

View on GitHub

GitHub stars1on the repository
Pine versionv5runs as is
Lines of code130
Settings13inputs
LicenceNone stated
Last update6 months ago15 Apr 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 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

Volume Price Trend with Divergence and Pivot Points also finds pivots in the oscillator and marks bullish and bearish divergences against price within a configurable lookback range. Settings include source, short and long periods, pivot lookback left and right, and which divergences to plot. Divergences appear only after pivot confirmation, so they are delayed.

Details

Published by

mikeyhu70 on GitHub

Type

Indicator, Pine Script v5

Draws

Separate pane below the chart

Category

Volume, Divergence, Oscillators & momentum

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.

SettingTypeDefaultVariable
Sourcesourceclosesrc
Short VPT periodint3shortLength
Long VPT periodint20longLength
VPT Wave Pivot Lookback Rightint1pivR
VPT Wave Pivot Lookback Leftint20pivL
Divergence Pivot Lookback Rightint1lbR
Divergence Pivot Lookback Leftint5lbL
Max of Lookback Rangeint100rangeUpper
Min of Lookback Rangeint2rangeLower
Plot BullishbooltrueplotBull
Plot Hidden BullishbooltrueplotHiddenBull
Plot BearishbooltrueplotBear
Show all 13 settings
SettingTypeDefaultVariable
Plot Hidden BearishbooltrueplotHiddenBear
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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