Measuring Divergence Confluence Across Ten Oscillators

Summary

This indicator compares price pivots with ten momentum and volume measures, including RSI, MACD, momentum, OBV, stochastic, and Chaikin Money Flow. It counts how many enabled oscillators show each of four divergence types at the same pivot: regular bullish or bearish divergences, which can warn of reversals, and hidden bullish or bearish divergences, which can indicate trend continuation. A configurable minimum count filters which signals appear.

Pivots require confirmation bars, so labels appear after the price extreme and are described as non-repainting once drawn. The document gives calculation details, configuration defaults, and examples of using divergence counts alongside support, resistance, or trend context, but it presents no backtest or performance evidence. Volume-based inputs may be unsuitable where volume data is unreliable, and the author frames divergences as timing aids rather than a standalone system.

Key ideas

• The indicator counts agreement among ten oscillators at confirmed price pivots.
• Regular divergences suggest possible reversals, while hidden divergences suggest possible trend continuation.
• A minimum confluence setting filters labels according to the number of oscillators in agreement.
• Pivot confirmation delays signals by the configured number of right-side bars.
• The document recommends combining divergence signals with market structure and checking volume-data quality.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.