I wanted a more dynamic divergence indicator than the stock one so this is what's come of it so far. This is a very early version but I found its detecting normal bullish divergences pretty well so I thought I'd release it.
Right now it only supports normal bullish divergences. I'm working on improving accuracy before I add in normal bearish divergences, and then...
Following Trends and Finding Divergences
Here is a script example that uses a long length (100, 150, 200) RSI MA Ribbon to detect trend reversals using lower time frames. You can also use traditional RSI to find divergences.
Built Best for 1H to 10 Min Charting
BTCUSD
Beta divergence indicator, you can exchange the Price Percentage Oscillator (PPO) for any oscillator. You can play around with the look-back period if you want to use long term divergences.
WARNING:
Because its impossible to make the look-back period of the lowest/highest functions dynamic, the indicator can plot divergences sometimes at places where there are...
