Bullish Divergence Stock Screener

Bullish divergence occurs when the price of an asset moves in the opposite direction of a technical indicator, like an oscillator, or goes against other data trends . . . this situation serves as a warning that the current price trend might be gaining strength and, in some cases, could result in a change in the price direction

7 minutes

This post focuses on customizable bullish divergence factory scans, which can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.

Commodity Channel Index (CCI) Bearish Divergence

Tags: CCI bearish divergence screener, CCI hidden bearish divergence screener

List symbols where pattern is Bearish Divergence CCI
‘Plot CCI(20)
Apply to NSE

This scan is designed to identify NSE symbols that display a classic bearish CCI divergence. By default, the function employs a 20-bar time period to identify such divergences. The divergence is determined by analyzing the high and low values on the price chart, with a minimum of 5 bars considered for accuracy.

For hidden divergences, please refer the option given below.

OPTION 1

To identify hidden divergence on a 14-period CCI, it is necessary to modify the scan as given below. Additionally, the output report will include the calculated value of CCI(14):

List symbols where pattern is Bearish Divergence CCI(14, Hidden)
Add Column CCI(14) as CCI14
Apply to NSE

Elliott Wave Oscillator Bearish Divergence

Tags: elliott wave oscillator bearish divergence screener, elliott wave oscillator divergence scanner, elliott wave oscillator hidden bearish divergence screener

List symbols where pattern is Bearish Divergence EWOsc
Add Column EWOsc
Apply to NSE

This scan looks for NSE symbols that show a typical bearish Elliott Wave Oscillator divergence. It examines the highs and lows of the price chart to identify divergence and requires a minimum of 5 bars.

If you’re interested in identifying hidden divergences, you can explore the following option.

OPTION 1

To detect hidden bearish divergences in the Elliott Wave Oscillator, modify the original scan as provided below. The output report will also include the calculated value of the Elliott Wave Oscillator.

List symbols where pattern is Bearish Divergence EWOsc(Hidden)
Add Column EWOsc
Apply to NSE

MACD Bearish Divergence

Tags: MACD divergence stock screener, stock screener MACD divergence, MACD bearish divergence

List symbols where pattern is Bearish Divergence MACD
Add Column MACD
Add Column MACD Signal as MACD_Signal
Add Column MACD Divergence as MACD_Div
Apply to NSE

This scan looks for NSE symbols that display a classic bearish MACD divergence, encompassing several key parameters. The scan report displays information on the MACD, MACD signal (9-period EMA), and MACD divergence values. Divergence is determined by assessing the high-low range of the price chart, with a minimum requirement of 5 bars for reliable identification.

To look for hidden divergences, consider the option provided below.

OPTION 1

To detect hidden bearish divergence on the MACD, modify the original scan as follows:

List symbols where pattern is Bearish Divergence MACD(Hidden)
Add Column MACD
Add Column MACD Signal as MACD_Signal
Add Column MACD Divergence as MACD_Div
Apply to NSE

Money Flow Index (MFI) Bearish Divergence

Tags: mfi bearish divergence, mfi divergence scanner, mfi divergence screener

List symbols where pattern is Bearish Divergence MFI
'Plot MFI(14)
Apply to NSE

This scan is designed to identify NSE symbols that display a typical bearish MFI divergence. By default, a 14-bar time period is utilized to detect this type of divergence. The analysis is based on the high and low values of the price, with a minimum requirement of 5 bars.

If you wish to search for hidden divergences, explore the option listed below.

OPTION 1

To identify hidden divergences using a 21-period MFI, modify the scan as indicated below. In this case, the closing price is used. Additionally, the output report includes the computed value of MFI(21):

List symbols where pattern is Bearish Divergence MFI(21, Hidden, 5, Close)
Add Column MFI(21) as MFI21
Apply to NSE

On Balance Volume (OBV) Bearish Divergence

Tags: obv divergence, on balance volume bearish divergence, on balance volume divergence, on balance volume divergence scanner

List symbols where pattern is Bearish Divergence OBV
Add Column OBV
Apply to NSE

This scan is designed to identify NSE symbols that display a common pattern known as bearish OBV divergence. In this pattern, we examine the high and low points on the price chart to determine if there is a divergence, and we require a minimum of 5 bars of data for analysis.

If you are interested in identifying hidden divergences, please consider the option listed below.

OPTION 1

To detect hidden bearish divergence on the OBV, modify the original scan as provided below. The output report will also include the calculated value of the OBV.

List symbols where pattern is Bearish Divergence OBV(Hidden)
Add Column OBV
Apply to NSE

Relative Strength Index (RSI) Bearish Divergence

Tags: RSI divergence stock screener bearish

List symbols where pattern is Bearish Divergence RSI
'Plot RSI(14)
Apply to NSE

This scan is designed to identify NSE symbols that demonstrate a conventional bearish RSI divergence. By default, a 14-bar time period is utilized to detect such a divergence. The divergence is determined based on the high and low points of the price, with a minimum requirement of 5 bars.

To look for hidden divergences, look at the option below.

OPTION 1

To identify hidden divergence within a 21-period RSI, it is necessary to modify the provided scan as follows. In this case, the closing price is employed. Additionally, the output report will include the calculated RSI(21) value.

List symbols where pattern is Bearish Divergence RSI(21, Hidden, 5, Close)
Add Column RSI(21) as RSI21
Apply to NSE

‘Multiple’ Bearish Divergences (RSI & OBV)

Tags: RSI divergence stock screener bearish multiple indicators

List symbols where pattern is Bearish Divergence RSI
And pattern is Bearish Divergence OBV

Add Column RSI(14)
Add Column OBV

Apply to NSE

This scan is designed to identify NSE symbols that display a bearish divergence in both RSI and On-Balance Volume (OBV) indicators.

Relative Strength Index (RSI) ‘Custom’ Bearish Divergence

Tags: RSI divergence stock screener bearish custom parameters

List symbols where pattern is Bearish Divergence(RSI(21))
Add Column RSI(21) chart
Apply to NSE

This scan is designed to identify NSE symbols that display a bearish divergence of the 21-period RSI.

It is important to acknowledge that there may be variances between the results generated by this scan and those obtained from a dedicated RSI bearish divergence scan, such as the bearlish divergence RSI(21), as the latter incorporates additional built-in filters.

Moreover, it is worth noting that divergences can be detected in any indicator through scanning processes.

Stochastic Bearish Divergence

Tags: stochastic bearish divergence, bearish divergence stochastic

List symbols where pattern is Bearish Divergence Stochastic
'Plot StochOsc(14,3)
Apply to NSE

This scan is designed to identify NSE symbols that display a bearish stochastic divergence. The default settings for this function utilize values of 14 and 3 as the %K time period and %K slowing period, respectively, to identify classic divergences. Divergence is determined by analyzing the high-low range of the price chart, with a minimum requirement of 5 bars.

For hidden divergences, please refer the option below.

OPTION 1

To identify hidden divergence, it is recommended to modify the original scan as shown below. In this case, the closing value of the price chart should be utilized.

List symbols where pattern is Bearish Divergence Stochastic(Hidden, 5, Close)
Add Column StochOsc(14,3)
Apply to NSE

Williams’ %R Bearish Divergence

Tags: williams r bearish divergence, williams r divergence

List symbols where pattern is DivergenceBearWillR
'Plot WillR(14)
Apply to NSE

This scan is designed to identify symbols that show classic bearish divergence Williams’ %R. That is, it helps detect situations where the price of a stock is showing a downward trend while the Williams’ %R indicator suggests otherwise. By default, the scan uses a 14-bar time period to identify this classic divergence. It looks at the highest and lowest prices of the stock to determine the divergence, requiring a minimum of 5 bars to be considered.

If you want to look for hidden divergences, consider the option below.

OPTION 1

To find hidden divergences using a 21-period Williams’ %R, you can modify the original script as follows. In this case, the minimum number of bars required for analysis is set to 8. The output report will also include the calculated value of WillR(21):

List symbols where pattern is DivergenceBearWillR(21, Hidden, 8)
Add Column WillR(21) as WillR21
Apply to NSE
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