I found this indicator that you have made and it is showing the divergence with extraordinary precision (on a daily chart).
Appreciate your great effort.
I was trying to analyze your code and got stuck with 2 lines. I don't have coding knowledge. However, I almost decoded all other parts of this indicator.
1. Could you please help me with logic behind each of these lines?
minRSI := lbRSI == 0 ? close : na(minRSI[1]) ? close : minRSI[1]
min_rsiRSI := lbRSI == 0 ? rsiRSI : na(min_rsiRSI[1]) ? rsiRSI : min_rsiRSI[1]
2. Please explain, what is PIVOT on the RSI line plotted?
Thank you so much. This indicator is a gem comparing to all other indicators, that I have tried.
leo_Meschete
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what is the difference between the pivot and bull/bear?
MichaelNweke
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Hi Kensoka,
Your signal works well.
Do you also code on mt4? can you possibly code this on mt4
I found this indicator that you have made and it is showing the divergence with extraordinary precision (on a daily chart).
Appreciate your great effort.
I was trying to analyze your code and got stuck with 2 lines. I don't have coding knowledge. However, I almost decoded all other parts of this indicator.
1. Could you please help me with logic behind each of these lines?
minRSI := lbRSI == 0 ? close : na(minRSI[1]) ? close : minRSI[1]
min_rsiRSI := lbRSI == 0 ? rsiRSI : na(min_rsiRSI[1]) ? rsiRSI : min_rsiRSI[1]
2. Please explain, what is PIVOT on the RSI line plotted?
Thank you so much. This indicator is a gem comparing to all other indicators, that I have tried.