EXPERIMENTAL: candle version for a RSI script i did for JR.
RSI Ribbon + Candle By Ricardo Santos and JR In this chart rendering we are combining RSI and Moving Averages. For an added features we included colors to the candles and ribbons. Lime and green displays a strong bullish trend, yellow is caution or no trade, red and maroon are bearish trends. You can also find divergences using the ribbon. Divergence
I wanted a more dynamic divergence indicator than the stock one so this is what's come of it so far. This is a very early version but I found its detecting normal bullish divergences pretty well so I thought I'd release it. Right now it only supports normal bullish divergences. I'm working on improving accuracy before I add in normal bearish divergences, and then...
Following Trends and Finding Divergences Here is a script example that uses a long length (100, 150, 200) RSI MA Ribbon to detect trend reversals using lower time frames. You can also use traditional RSI to find divergences. Built Best for 1H to 10 Min Charting BTCUSD
This script colours the bars when they are below or boyond a specified RSI threshold
Beta divergence indicator, you can exchange the Price Percentage Oscillator (PPO) for any oscillator. You can play around with the look-back period if you want to use long term divergences. WARNING: Because its impossible to make the look-back period of the lowest/highest functions dynamic, the indicator can plot divergences sometimes at places where there are...