The swing pivots are defined using a default lookback period of 3. The code is designed to locate swing pivots in price. Technical description of how the code works: View All TradeStation Premium Trading Tools Update 4/20/22: New user inputs allow adjusting the line style and line weight of the divergence lines When you are ready to order you can do so on our TradeStation Premium Trading Tools page. I’m sure you will be very excited to see the many ways these indicators can be customized to fit your needs. We tried to be as accommodating as possible using a variety of features in the TradeStation platform. We realize there are many techniques employed for reading divergence. Time Frames: All supported time frames and aggregation periods.Indicator Basis: Price momentum diverging from price action.The companion study measures hidden divergence. At the request of viewers, we have also added a companion study, available separately. Included in the video is a live chart demo showing how the chart based alerts function in real time. In this video we show how to adjust the settings and run the scan. Along with the new indicator we have published a video titled “TradeStation Divergence Lines Indicator”. Also includes a color legend to easily identify one type of divergence from another. A custom scan and chart based alerts are included. Dynamically plots trendlines and labels on the chart showing places where positive and negative divergence are present.
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