Libertus

Relative Strength Index - Divergences - Libertus

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!
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.
版本注释: TD bugged out when publishing, repeating update.
版本注释: Minor update: Added ability to set alerts per user request.
版本注释: Update:
  • ability to remove pivots
  • ability to display smaller/shorter labels
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:
版本注释: Small fix: Pivots didn't hide if you checked both "Hide pivot" and "Color background".
版本注释: Per popular demand, added alerts to pivot high and low.
Some code cosmetics.
开源脚本

本着真正的TradingView精神,该脚本的作者将其开源发布,因此交易者可以理解和验证它。为作者加油! 您可以免费使用它,但是在发布中重复使用此代码受网站规则的约束。您可以收藏它以在图表上使用。

想在图表上使用此脚本?

评论

Bull :What does it represent
Pivot :What does it represent
Bear :What does it represent
Red thread :What does it represent
+79 回复
Looks great, does it repaint at all?
+12 回复
emmanueldesk MDicko123
+4 回复
Hi, are the signals provided immediately or two candles late?
+7 回复
Libertus rashmi_kamaldeep_ico
@rashmi_kamaldeep_ico, Divergence signal is provided after two conditions are met: 1. last closed candle has divergences 2. current candle rsi/price is under (bear) or over (bull) last candle rsi/close price.
In real world that mean anything between few seconds after candle close or whole candle time, depending when price meets condition. Pivot is provided after 2 candles, but that isn't important for divergences.
+11 回复
Great job. Among all scripts i find this one easiest to use and get lots of information on a single indicator. Adding pivots and emas i find nice entries. And one question : repaint? lol jk thanks for sharing man.
+4 回复
Libertus setite
@setite, thank you. Glad you like it.
+1 回复
Love this, best RSI divergence script on TradingView
+4 回复
Excellent indicator!! Thanks!
Is there an option to set an alert for PIVOT? It will be great!
+3 回复