Divergence Settings

Divergence Focus - Divergence Style - Divergence Showcase - Divergence Lookback - Divergence Delay

What Does The Divergence Settings Do?

The divergences integrated into NVME Oscillator X helps traders identify unique points where price has a high chance of reversing to the other direction. They can also be used as a retro perspective feature that can help confirm a traders idea or used for confluence with a traders idea. The settings allows users to change how the divergences are represented and calculated for their trading style.

Divergence Focus

Divergence focus is the first input within this group that determines what overlay to utilise for printing divergences. Users can choose from the first wave or the second wave if they like. We recommend that users use the second wave for a better viewing experience.

First Wave:

Second Wave:

None:

Divergence Style

This is the second input field of the group that allows users to change the display style of each divergence. Users can decide if they only want the label, the line or have both displayed at the same time. This can help remove some textural noise from the oscillator.

Line + Label is the first option that will show divergences in the way that they are normally displayed.

Label Only is the second option that will show divergences with just the "+" or the "-" labels.

Line Only is the third option that will show divergences with connecting lines.

Divergence Showcase

This is the third dropdown field that allows the user to decide if the divergence module should show hidden divergences only, regular divergences only or show both to the trader.

Regular divergences are ones that can be identified by the traders easily.

Hidden divergences are ones that can't be identified so easily due to the way they are formed.

Both will display both divergence types.

Divergence Lookback

This is the fourth input field that determines how many bars of data for the divergence to utilise when it comes to identifying them.

The higher the value is the more likely the divergence is going to be accurate or in a better placement.

The lower the value is the less likely the divergence is going to be accurate or in a better placement.

Divergence Delay

This is the fifth input field that determines how many bars until the divergence can print. Having it set to 0 will print the divergence within the next candle, however this will print highly inaccurate ones.

Divergences are known to be a retro perspective feature so users should ideally have this value to be greater than or equal to 5.

Increasing this value can help with having more accurate divergences at the cost waiting X bars to see them.

Decreasing this value may hinder with the accuracy of the divergences but you will wait less bars to see them.