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OPEN-SOURCE SCRIPT

RSI Divergence (Pine v4)

Par kingthies
Mis à jour
Summary
Script highlights the divergences in RSI worth taking notice of. By comparing current envionment to relative sample we can see more than
the standard divergences that many catch through analysis. This framework aims to remove the bias or noise many see when looking for any supporting
evidence to their given emotion on a market.

Step-by-Step Walkthrough
  • Calculates RSI
  • Sets Divergence Framework
  • -------> a. Defining variable values, mandatory in Pine 4)
  • -------> b. Identify Divergences --> "If bar with lowest / highest is current bar, use it's value"
  • Compare high of current bar being examined with previous bar's high --> "If curr bar high is higher than the max bar high in the lookback window range"
  • Finds pivot point with at least 2 right candles with lower value
  • Finds pivot point with at least 2 right candles with lower value
  • Plot
  • Set Alerts


This RSI Script is intended for public use and can be shared / implemented as needed
Questions? I do not monitor my TradingView inbox. See email address in signature at the bottom of this page for contact information.
Notes de version
Complete Upgrade - Logic restructured and implemented.
Notes de version
upgraded to pine v5
Notes de version
Added Alert Parameters
Notes de version
Updating to include the same functionality that the built-in Tradingview RSI Indicator has standard, with SMA/EMA/BBand 'switch' function has recently added + cleaned up some of the syntax to be in alignment with the Pinecoders recommendations.

If the former versions are preferred, simply copy the old pinescript and add as your own indicator.

Cheers,

ET
Notes de version
May 11, 2023
  • Terminology updated
  • Removal of deprecated 'transp=' color function
  • User Menu Reformatted
Notes de version
Conversion to Pine v6
  • Faster loading and rending on chart
Notes de version
Updated to Pine v6
  • Added gradient fill for overbought and oversold
  • Scales will only show RSI value and RSI MA value
OscillatorspineRelative Strength Index (RSI)rsidivergenceTrend Analysis

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?

kingthies
Eric Thies
Aussi sur:

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.