Simpler Divergent Bars Pro

–––HISTORY & CREDITS 🏦

Simpler Divergent Bars Pro is a refined adaptation of the acclaimed Divergent Bar Indicator from Simpler Trading, expertly developed by Allison. It's grounded in the innovative concept of Divergent Bars, first introduced by Bill Williams. This version of the indicator is designed to provide a seamless functionality and user experience, perfectly tailored to the TradingView platform.

 

––––WHAT IT DOES 💡

Simpler Divergent Bars Pro is an overlay indicator that intelligently displays up and down arrows on specific price bars, signifying Bullish Divergent Bars (🟣purple) and Bearish Divergent Bars (🟠orange). By analyzing higher highs and lower lows in price action, the indicator empowers traders to pinpoint potential entry and exit points with confidence.

Bullish Divergent Bar: A bar with a lower low than the previous bar AND a close in the upper half of its range. Bearish Divergent Bar: A bar with a higher high than the previous bar AND a close in the lower half of its range.

––––HOW TO USE IT 🔧

Maximize your trading potential with Simpler Divergent Bars Pro by following these guidelines:

👉Buy signals emerge when a Bullish Divergent Bar appears (current low is less than the previous low, and the close is above the midpoint price). 👉Sell signals arise when a Bearish Divergent Bar appears (current high is more than the previous high, and the close is below the midpoint price).

Allison, an authority in using Divergent Bars, recommends applying this indicator on timeframes of 60 minutes or higher, with a minimum of 30 minutes for specific strategies taught in her classes.

Divergent High Bar = Bearish Divergent Bar signal Divergent Low Bar = Bullish Divergent Bar signal

When back-to-back divergent bars appear, it indicates consolidation, and squeezes are more likely during this period. Allison suggests looking for a follow-through signal within the next three bars/candles after the indicator prints. Comparing the high or low of the divergent bar with the overall lifetime higher high/lower low helps in identifying a reliable entry signal.

For Tradingview:

After you have purchased the indicator have to send us your TradingView username in order to get access.

 

ThinkorSwim (available, but separate):

Please send us an email and if you would like a ThinkorSwim version of this script. ThinkorSwim version is sold separetly from the TradingView version of the script and takes 5 days of delivery.

 

Link to TradingView script

After payment is made, access to the script will be given within 2 hours

If you are looking for Promo videos, where you can compare the original indicators to what we have creted there are plenty of public information in Youtube. If you have trouble finding them shoot us a message.