OPEN-SOURCE SCRIPT
RSI Divergence
Stupid simple logic of RSI divergence. Took it simple, but be mindful - it has errors on the go - especially when in opposite trend some fakeouts happen - so you always must do your own personal check before making a final decision.
Usually the signal appears after 5 candles - logic is to trade pullbacks, not the divergence itself - as mentioned, it could be faked out, as well - especially in opposite trend than the divergence itself.
This is a signal, that appears in ideal conditions - as we know, not all divergences happen under the same logic, therefore don't expect it to print the quality level signals on every possible turnaround.
You must keep this as your assistant, not your decision maker.
Hope this indicator can serve anyone on the go.
Usually the signal appears after 5 candles - logic is to trade pullbacks, not the divergence itself - as mentioned, it could be faked out, as well - especially in opposite trend than the divergence itself.
This is a signal, that appears in ideal conditions - as we know, not all divergences happen under the same logic, therefore don't expect it to print the quality level signals on every possible turnaround.
You must keep this as your assistant, not your decision maker.
Hope this indicator can serve anyone on the go.
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。