Pine Script Divergence Indicator Development

Pinescript Coder Needed Divergence Indicator Requirements Overview Develop a Pine Script divergence indicator for TradingView that compares two primary assets (ES and NQ) on the same timeframe. The indicator should highlight divergences when one asset makes a higher high or lower low, and the other does not, by plotting a box on the wicks of the candles on both assets. These boxes will move forward with price action. Key Features 1. Divergence Detection * Detect divergences when: * One asset makes a higher high or lower low, and the other does not, on the same timeframe. * Highlight divergences by drawing a box around the divergence on both assets. 2. Dynamic Box Plotting * Divergence boxes must move forward in time with price action but not extend indefinitely into the future. * Past divergence boxes should remain visible unless removed via a user-defined adjustable lookback function. 3. Multi-Timeframe Compatibility * Support multiple timeframes. * Divergences identified on higher timeframes (e.g., 1W) should be visible on all lower timeframes. 4. Alerts for Divergences * Add alert conditions for when a divergence is detected: * Alerts should be customizable per timeframe and asset. * Allow users to choose between different alert types: * Popup, email, push notification, webhook, etc. * Example: "1H Divergence detected on ES." * Suggestions welcome on managing alerts so they are not triggered for all timeframes. Perhaps a toggleable selection per time frame, or a single alert structure that updates on a selectable time period ex. 1 st alert triggered on the 15m and additional alerts every 5 min. We can discuss strategies. 5. Customization Options * Provide full user control over the following settings for each timeframe: * Box color (customizable per timeframe). * Box transparency. * Line thickness. * Center line visibility (optional, toggleable). * Additional settings: * Lookback period: Maximum lookback as default to ensure robust backtesting. * Timeframe visibility: Allow users to toggle visibility of divergences for specific timeframes. 6. Backtesting * Maximize the lookback period to enable effective backtesting of past divergences. 7. Scalability * While initially designed for ES and NQ, the indicator should support adding additional assets in the future. Important Notes * The divergence boxes will often overlap on the chart due to multiple timeframes. Ensuring clear visual distinctionthrough user-customizable colors is critical. * The indicator must remain efficient and not cause significant lag, even when displaying divergences across multiple timeframes. Suggestions Suggestions for added functionality are welcome.

Project ID: 38837662