OPEN-SOURCE SCRIPT

RSI Divergence (Pine v4)

已更新

6天前

Summary
Script highlights the divergences in RSI worth taking notice of. By comparing current envionment to relative sample we can see more than
the standard divergences that many catch through analysis. This framework aims to remove the bias or noise many see when looking for any supporting
evidence to their given emotion on a market.

Step-by-Step Walkthrough

Calculates RSI
Sets Divergence Framework
-------> a. Defining variable values, mandatory in Pine 4)
-------> b. Identify Divergences --> "If bar with lowest / highest is current bar, use it's value"
Compare high of current bar being examined with previous bar's high --> "If curr bar high is higher than the max bar high in the lookback window range"
Finds pivot point with at least 2 right candles with lower value
Finds pivot point with at least 2 right candles with lower value
Plot
Set Alerts

This RSI Script is intended for public use and can be shared / implemented as needed
Questions? I do not monitor my TradingView inbox. See email address in signature at the bottom of this page for contact information.

版本注释

Complete Upgrade - Logic restructured and implemented.

版本注释

upgraded to pine v5

版本注释

Added Alert Parameters

版本注释

Updating to include the same functionality that the built-in Tradingview RSI Indicator has standard, with SMA/EMA/BBand 'switch' function has recently added + cleaned up some of the syntax to be in alignment with the Pinecoders recommendations.

If the former versions are preferred, simply copy the old pinescript and add as your own indicator.

Cheers,

ET

版本注释

May 11, 2023