MACD_V5 with Divergence

https://www.tradingview.com/x/4JBFTvK6/

MACD_V5 with Divergence is an EMA-based Bull/Bear Power oscillator. It computes
BBP = (high − EMA(close, Length)) + (low − EMA(close, Length)), plots BBP as columns with a zero line, and overlays a slope-colored BBP moving average. The script flags fresh Overbought/Oversold extremes within a rolling window and draws dashed levels, and it detects Regular and Hidden divergences using confirmed pivots (non-repainting after confirmation; appears with an lbR-bar delay).
Built-in alerts fire on OB/OS prints and on BBP ↔ BBP-MA crosses (use “Any alert() function call”).

How to use
• Treat crosses as triggers and divergence as confirmation.
• Always read signals in the context of the higher-timeframe or a price-based trend filter (e.g., EMA on price).
• Backtest and paper trade before going live.

Inputs: EMA Length, Highest/Lowest Period, Overbought/Oversold levels, BBP MA Length.
Works on any symbol and timeframe.

EMA-based Bull/Bear Power oscillator (BBP) with slope-colored MA. Marks fresh OB/OS extremes and detects Regular/Hidden divergences via confirmed pivots (no repaint after confirmation; lbR delay). Alerts on OB/OS and BBP ↔ MA cross. Use crosses to trigger, divergences to confirm, and trend context to filter. Inputs: Length, Period, OB/OS, MA Length.

EMA-based BBPower oscillator with OB/OS extremes, slope MA, and regular/hidden divergence. Alerts on OB/OS and BBP↔MA cross. Use crosses to trigger, divergences to confirm. Pivot signals show after lbR delay.

Initial public release

EMA-based BBP with slope-colored MA

OB/OS extreme labels + dashed levels

Regular & Hidden divergence (confirmed pivots; non-repainting after confirm)

Built-in alerts for OB/OS and BBP↔MA cross