Relative Strength Index - Divergences - Libertus

2018年9月29日

Hello all,

To ease everyone's trading experience I made this script which colors RSI overbought and oversold conditions and as a bonus displays bullish or bearish divergences in last 50 candles (by default, you can change it).
Script is open source, part of code is from Trading View examples. If you have suggestions or you already made some improvements, please report in comment.

Happy trading and good luck!

2018年10月4日

版本注释

New version 2.0 of script. Most of logic is updated and upgraded.
Now divergences are shown for whole history.

Be warned that I increased lookback period to 90 bars by default. This is good for time frames up to 4H, even 4H in on the edge here.
Higher time frames then 4H probably need lower lookback period.

Please report any problems you encounter.

2018年10月4日

版本注释

TD bugged out when publishing, repeating update.

2018年10月5日

版本注释

Minor update: Added ability to set alerts per user request.

2018年10月13日

版本注释

Update:

• ability to remove pivots
  
• ability to display smaller/shorter labels
  

2019年9月27日

版本注释

What new:

• adapted script to new pine language version (v4)
  
• removed 8 n/a value that were cluttering indicator interface next to RSI value (only possible with v4 pine language)
  
• added option to have colored indicator background instead of BULL/BEAR labels
  

If you don't want separate indicator for RSI divergences, you can use my RSI Divergences - Candle edition:

If you want OBV divergences script, check out:

2020年2月28日

版本注释

Small fix: Pivots didn't hide if you checked both "Hide pivot" and "Color background".

2021年7月19日

版本注释

Per popular demand, added alerts to pivot high and low.
Some code cosmetics.

2024年3月17日

版本注释

Added mid line with value 50 separating bullish and bearish momentum.
Changed colors for bullish and bearish momentum parts.
If you want to change colors or any value, you can do it in script settings (style part).