Why is it invite-only and not open source?
The filter layer is the part that took the work. The divergence logic underneath is published openly as RSI Divergence Scout, so you can evaluate that half before asking for anything.
Raw divergence fires constantly in a trending market. This tool takes the same divergence logic and reads it against EMA structure, so a label only counts as structural when trend context agrees with it.
If you have used a divergence indicator for any length of time, you already know the failure mode: in a strong trend it prints warning after warning while price keeps going. The signals are not wrong — they are unfiltered. Momentum cooling inside an intact trend means something different from momentum cooling as structure breaks.
The divergence layer is the same pivot-based logic as the public Scout. On top of it sits an EMA structure layer that describes where price is relative to trend, and a confluence check that fires only when both agree.
Click to enlarge. Historical examples used for study — not forecasts, not trade recommendations.
The script is invite-only on TradingView. Send a request with your TradingView username and access is granted to that account.
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The script appears under Invite-only scripts in your indicator list
If you have not used the free version yet, start there. It uses the same divergence logic without the filter layer, and it will tell you quickly whether this way of reading the chart suits you.
This is a chart tool for reading context. It is not a signal service and not a system that promises an outcome.
The filter layer is the part that took the work. The divergence logic underneath is published openly as RSI Divergence Scout, so you can evaluate that half before asking for anything.
15m and 1h are the main context. The logic is not hard-locked to them, but the way the layers are balanced was worked out on those charts.
No. It marks where divergence and EMA structure agree. What you do with that — entry, stop, size, whether to trade at all — stays with you.
That is a custom build rather than a change to this script. If you have a defined rule set, describe it and I will tell you whether it is feasible in Pine Script.