One divergence indicator to rule them allGreetings Traders,
We are continuing with our (mini) series in which we break down the (seemingly endless) features of The Divergent indicator.
Today we are going to discuss the various oscillators The Divergent supports detecting divergences on.
In contrast to other divergence indicators on TradingView, The Divergent comes with oscillators built-in. This means you won't have to add it on top of other indicators on your chart; it is completely standalone. Why is that a good thing? It is because The Divergent respects your indicator quota - it will only use up a single slot on your chart.
The Divergent ships with the following oscillators:
MACD (Moving Average Convergence Divergence)
RSI (Relative Strength Index)
CMF (Chaikin Money Flow)
Stochastic RSI
MFI (Money Flow Index)
TCI (Trading Channel Index, aka. WaveTrend)
Balance of Power
CCI (Commodity Channel Index)
Awesome Oscillator
Each oscillator is fully customisable, allowing you to tweak them the way you desire. To choose another oscillator, simply open The Divergent 's settings panel, and select a different one from the list.
A further benefit of having the oscillators built into the indicator, is that it opens up the possibility to apply various filters to the detected divergences. For example, if you have the RSI selected, you can configure The Divergent to only signal those RSI divergences, that manifest under the oversold or above the overbought areas. These filters will be introduced in detail in future articles.
To learn more about The Divergent , please see the related ideas linked at the bottom.
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Thank you for your attention!
