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This is an indicator showing divergences. How many of them happen at the same time. Period. Having said that - it is not a strategy, which has been backtested. It is an indicator, which you can use to add to your analysis while manual trading. Minimum homework you need to do, is to apply it to...

There are 11 indicators there and you can select with one checkbox click which one to include and one to ignore. So you could put together your set of indicators for divergence check, for example: RSI, MACD, OBV and CCI. All of them are from different categories.

There are 11 indicators being checked for divergences - imagine the mess displaying them all would make :) That's actually the goal of this script: display only the final result, which is the total number of divergences spotted. To keep it clean.

Hey! I'm new here, so I thought it would be ok to join not with empty hands. For those of you who like trading divergences, here's my Multiple Divergences script: if you spot divergence on indicator of your choice, it can always be a fake, but if you see it on 8 indicators at the same time...