Divergence Base Template

Category: momentum, market_structure

A framework-based template for detecting Regular and Hidden divergences between price action and a provided indicator stream. Supports multiple display modes including arrows on chart and candle coloring.

Formula

\text{Regular Bullish: } \text{Price Lower Low} + \text{Indicator Higher Low} \\ \text{Hidden Bullish: } \text{Price Higher Low} + \text{Indicator Lower Low} \\ \text{Regular Bearish: } \text{Price Higher High} + \text{Indicator Lower High} \\ \text{Hidden Bearish: } \text{Price Lower High} + \text{Indicator Higher High}

Inputs

• signal_mode (default: SingalModeLive)
• filter_consecutive (default: false)
• Type (default: Arrows)
• shift_arrows_pips (default: 0.1)
• up_color (default: Blue)
• down_color (default: Red)
• font_size (default: 12)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.