What is "RSI Divergence"? "RSI Divergence" is a indicator that find RSI divergence automatically.
What it does? When it finds an RSI divergence, it draws a line on the indicator.
How it does it? The lines are found using the least squares method. If the signs of the linear regression on the graph and the linear regression plotted on the RSI are different, this is considered divergence.
How to use it? RSI lenght = RSI lenght source = source of RSI RSI Divergence Lenght = lenght of lines that draws on indicator zoom = zoom examples:
buy and sell alert added. alarms are triggered (in real time) without waiting for the close on each candle when the conditions are met.
版本注释
From now on, you can see previous divergences, with newly added inputs. price scale has changed.
版本注释
Thanks to the new "force overlay" function added to Pinescript after I published this indicator, we can now draw lines showing divergences both on the RSI and on the main chart.