TradingView
RozaniGhani-RG
26 mars 2023 09:12

RSI Divergence Method 

Crude Palm Oil FuturesMYX

Description

█  OVERVIEW
This is a divergence indicator based on Relative Strength Index (RSI).
My attempt to make this indicator updated based on latest pine script features such as type, object and method.

█  FEATURES
1. Color of plot and label is based on contrast color of chart background. Able to customize color from style menu.
2. Big divergence (Regular Divergence) is based on lime / red color.
3. Small divergence (Hidden Divergence) is based on contrast color of chart background.

█  EXAMPLES / USAGES


Notes de version

Correction for overlay.

Notes de version

  • Add reference to prevent wrong historical data
  • Correction : bigBear false, kidBear : false
  • Compare with built-in Divergence Indicator for better understanding
Commentaires
KingBoob
Can you add an alert to this indicator?
kavisgawali
Really a good one.
lukricky
can work on lower time frame 5 or 15 mins please ?
RozaniGhani-RG
@lukricky, you can test yourself. It is an upgraded code from default built-in divergence indicator.
lukricky
@RozaniGhani-RG, it looks lots of better than before , what is your recommendation of using other indicators along with your upgraded rsi divergence
Blblucky7
I guess he posted it without finishing the indicator..; there are no alerts
tuyettrader
I just came to see this indicator and fell in love with this. May thanks, bro!
Indyan
Excellent work. could u please add option to show only those divergences which occurs only in over bought and over sold zone.
nerfeuq
Simple e objetivao
bunulu
Simple and great as always
Plus