Monochromatism
To say "I am studying", it's "Estoy estudiendo".
So take divertir and do the same.
Estar + Diveiendo
Estar would be in the form of who is entertaining.
Esta Diveindo : (s)he is entertaining.
but you also need to make sure you have the right ending depending on the verb. In the example used above, to study: estudiar, ends in -ar so the -ing ending also has to start with -a so it would be estoy estudiando.
So for -AR verbs the ending is -ando
-ER or -IR verbs would end with -iendo
you also want to make sure that you're only replacing the last -ar -er or -ir ending and not other parts of the word.
divert/ir
although I have to be honest with you I have never heard it put like that. I'm not saying that it's incorrect but idiomatically I don't think anyone says "estoy divertiendo" but I'm not sure. Does anyone know?