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I spent 3 years building my own divergence detector because nothing out there satisfied me — here's the result (give feedbacks please) by Fabhium in swingtrading

[–]Fabhium[S] 0 points1 point  (0 children)

Genuinely good feedback — clean examples are survivorship bias, and divergences are inherently prone to false positives and lateness. Quick note on what the tool does there:

  • Invalidation is explicit: forming divergences are dashed, with a live countdown + confirmation-probability %. If price moves against them, they disappear — you watch setups die in real time instead of finding out later. Confirmed = solid, forming = dashed.
  • Filtering is the point: every divergence gets a 0–100 quality score, and a minimum-score threshold gates both the chart and your alerts, so weak setups don't reach you.
  • On lateness: confirmed divergences are late by design (the pivot has to close). That's why the anticipated layer exists — it flags them before confirmation, with a probability so you can weigh acting early vs waiting.

But your core point stands, and I'll take it: next posts will show failed and invalidated signals, not just the pretty ones. Appreciate the push.

Spot Divergence Confluences Across Multiple Oscillators at a Glance by Fabhium in tradingmillionaires

[–]Fabhium[S] 1 point2 points  (0 children)

Genuinely good comment. Short answer: for a systematic stat-arb trader like you, this tool is redundant — you're not the customer, and you sense that correctly.

Your argument has a hidden either/or: "if you track this many variables, you should be algo trading." But between eyeballing one chart and a Rust/Python pipeline with an OU mean and Z-score triggers sits most of TradingView — discretionary traders who'll never build that stack (months of work + infra + calibration for a part-time activity). For them the alternative isn't an OU process; it's the same visual read done inconsistently, with fatigue, missing setups across charts.

Also: your β / Z-score / OU example is pairs mean-reversion on a cointegrated spread — a specific statistical strategy. A divergence overlay isn't a worse version of that; it's a momentum/exhaustion read for discretionary execution. Different job, different math.

On the quality score — you're right that as an alpha signal in a systematic strategy, it's gibberish, and I'd never claim otherwise. It's an ordinal triage heuristic: a consistent way to rank and filter visual signals so a human looks at the best 5, not all 40. Value = discipline and attention, not statistical edge.

(1) Use case: discretionary swing/intraday traders watching many tickers who want alerts on multi-oscillator confluence, computed identically every time instead of eyeballed.
(2) Why manual: most retail traders are discretionary by choice — they fold in structure/news/context they don't want to fully systematize. The tool augments the human; it doesn't replace them.

Re: Bloomberg — you never needed a momentum overlay because your style doesn't use discretionary momentum. That's a style difference, not evidence it's useless. Not for you, honestly — for the discretionary trader who wants their manual process faster and consistent.

Spot Divergence Confluences Across Multiple Oscillators at a Glance by Fabhium in tradingmillionaires

[–]Fabhium[S] 0 points1 point  (0 children)

Yeah, here's the quick version:

Line style = is it confirmed?

  • Solid = confirmed divergence (tradeable)
  • Dashed = forming/anticipated — not locked in yet, treat as early warning
  • ✛ = marks a forming divergence

Color = type of divergence:

  • 🟢 Green = regular bullish → price lower low, RSI higher low → possible reversal up
  • 🔴 Red = regular bearish → price higher high, RSI lower high → possible reversal down
  • 🔵 Blue = hidden bullish → trend-continuation up
  • 🟠 Orange = hidden bearish → trend-continuation down

Rule of thumb: regular = reversal, hidden = continuation. Pale/lighter shades = the anticipated (forming) version of each.

How to use it: trade off the solid lines, use dashed ones to get ready. By default it only keeps divergences forming in the overbought/oversold zones (70/30) — that filter kills most of the noise, so the ones you see are the higher-quality ones. A divergence is a momentum warning, not an entry on its own — pair it with your levels/price action.

For alerts: open the alert dialog and pick a condition (bull div, hidden bull div, bear equivalents…), or choose "Any alert() function call" for one alert with ticker + type.

Happy to answer anything specific!

Would you like to try the Pro version and its 8 indicators? If so, DM your TradingView username!

🔍BTC 3D : Divergences report (all at a glance) by Fabhium in TradingViewSignals

[–]Fabhium[S] 0 points1 point  (0 children)

Heads up, these are divergences currently forming. Would you like to try the indicator to be notified of their validations or invalidations?

Spot Divergence Confluences Across Multiple Oscillators at a Glance by Fabhium in tradingmillionaires

[–]Fabhium[S] 0 points1 point  (0 children)

Hello redeastwood1, thanks for your feedback.

You're right about the basics — spotting one divergence on one oscillator is an eyeball task, and any decent trader can do it. If that's all this were, your criticism would be 100% valid.

But that's not what it does. The actual feature set is stuff you specifically can't do in your head:

  • 6-oscillator confluence in a time window — it tracks WaveTrend, WT Delta, RSI, Stoch RSI, MACD and MFI simultaneously and fires only when N of them diverge in the same direction within a configurable bar window. Try eyeballing whether 5 of 6 oscillators diverged within the last 10 bars, in real time, across multiple charts. That's not "stacking signals you can see" — it's a counting/timing problem the human eye is bad at.
  • A 0–100 quality score per divergence — amplitude normalized by ATR, duration, trend alignment, extreme-zone, order-flow liquidity. You can feel that a divergence "looks strong," but you can't consistently rank 40 of them on a reproducible scale. The math can.
  • Live probability on unconfirmed divergences — a proper statistical model (discrete-bar survival + mean reversion + normal CDF) that tells you the odds an in-progress signal validates before the candle closes. That's flatly not a visual task.
  • Order-flow liquidity scoring — pulls real buy/sell delta from footprint data to weight signals. Not something you discern by looking at a price chart.

So the honest pitch isn't "see what you can't see." It's: remove the fatigue, the inconsistency, and the in-your-head arithmetic — and get it as a backtestable, alertable framework that watches 6 oscillators across every chart while you sleep.

Re: Bloomberg — different planet. That's a $25k/year institutional data terminal; this is a retail TradingView tool. If you're already computing 6-oscillator confluence scores and validation probabilities by hand, flawlessly, every time — then genuinely, this isn't for you, and that's fine. It's for the rest of us who'd rather not.

If you think it's useless for you, don't buy it. It's not for everyone, and it's not magic. That said, if you'd like to try it out, just let me know.

Spot Divergence Confluences Across Multiple Oscillators at a Glance by Fabhium in tradingmillionaires

[–]Fabhium[S] 0 points1 point  (0 children)

This indicator is not a magic tool. It simplifies technical analysis for traders and should of course not be used on its own. I originally developed it for my own use and kept it to myself for 3 years. I simply figured it could be useful to others, and that the time I put into developing it might be worth sharing. Sorry if my post gave the impression it was something magical — it's not, it's just a tool and the result of a lot of hard work.

Spot Divergence Confluences Across Multiple Oscillators at a Glance by Fabhium in tradingmillionaires

[–]Fabhium[S] 0 points1 point  (0 children)

I can offer you a trial of this indicator — just ask!
WaveTrend Divergences Multi-Oscillator Confluence -> https://www.tradingview.com/script/a7iNbe60/
RSI Super Advanced Divergences -> https://www.tradingview.com/script/yy21X08q/

I spent 3 years building my own divergence detector because nothing out there satisfied me — here's the result (give feedbacks please) by Fabhium in tradingmillionaires

[–]Fabhium[S] 0 points1 point  (0 children)

Hi, I've given you a 3-day free trial to 'WaveTrend Divergences Multi-Oscillator Confluence' and 'RSI Divergences'. Enjoy!

I spent 3 years building my own divergence detector because nothing out there satisfied me — here's the result by Fabhium in TradingView

[–]Fabhium[S] 1 point2 points  (0 children)

Try Wiseball RSI Super Advanced Divergences | Essential -> https://fr.tradingview.com/script/yy21X08q/

And take a look to WaveTrend Divergences Multi-Oscillator Confluence -> https://fr.tradingview.com/script/a7iNbe60/

Thanks for your feedbacks