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RSI Divergence Pro+ Volume
RSI Divergence Pro+ Volume
What It Does:
RSI Divergence Pro+ Volume is a non-repainting indicator that helps traders spot potential bullish and bearish reversal zones using a classic technical analysis concept—RSI divergence—combined with advanced volume confirmation. The script highlights moments when price and RSI disagree, filtering for signals only when there is a significant volume spike, which helps reduce false positives in quiet or illiquid markets.
How It Works:
Bullish Divergence: Triggered when price makes a lower low but RSI forms a higher low, suggesting possible exhaustion in selling pressure.
Bearish Divergence: Triggered when price makes a higher high but RSI forms a lower high, signaling potential buying exhaustion.
Volume Confirmation: Signals only appear when trading volume exceeds a dynamic threshold (based on a user-defined moving average and multiplier), making alerts more reliable.
Visual Features: Customizable labels and optional gradient highlights mark the exact bars where divergence with volume confirmation occurs, making signals easy to see.
Alert System: Built-in alerts for both bullish and bearish divergences so traders can receive instant notifications.
How to Use:
Apply the script to any timeframe or liquid asset (15m–4H recommended for best results).
Watch for green “BULL↑” labels below bars (bullish divergence) and red “BEAR↓” labels above bars (bearish divergence).
Blue/violet background highlights confirm volume-verified signals.
Combine with your own risk management and confirmation tools for trade entries/exits.
Adjust lookback and volume settings to match your asset and style.
Originality & Usefulness:
This indicator stands out by combining traditional RSI divergence with advanced volume filtering, giving more credible and actionable reversal alerts. All logic is non-repainting and calculated on closed bars only. Settings are fully grouped and customizable, with professional visuals for clarity.
Limitations & Disclaimers:
Not every divergence results in a major reversal—use with other analysis.
More effective in trending or volatile markets; may produce more false signals in choppy/range conditions.
Signals are generated on bar close and do not repaint.
No indicator is a substitute for proper trading discipline and risk management.
What It Does:
RSI Divergence Pro+ Volume is a non-repainting indicator that helps traders spot potential bullish and bearish reversal zones using a classic technical analysis concept—RSI divergence—combined with advanced volume confirmation. The script highlights moments when price and RSI disagree, filtering for signals only when there is a significant volume spike, which helps reduce false positives in quiet or illiquid markets.
How It Works:
Bullish Divergence: Triggered when price makes a lower low but RSI forms a higher low, suggesting possible exhaustion in selling pressure.
Bearish Divergence: Triggered when price makes a higher high but RSI forms a lower high, signaling potential buying exhaustion.
Volume Confirmation: Signals only appear when trading volume exceeds a dynamic threshold (based on a user-defined moving average and multiplier), making alerts more reliable.
Visual Features: Customizable labels and optional gradient highlights mark the exact bars where divergence with volume confirmation occurs, making signals easy to see.
Alert System: Built-in alerts for both bullish and bearish divergences so traders can receive instant notifications.
How to Use:
Apply the script to any timeframe or liquid asset (15m–4H recommended for best results).
Watch for green “BULL↑” labels below bars (bullish divergence) and red “BEAR↓” labels above bars (bearish divergence).
Blue/violet background highlights confirm volume-verified signals.
Combine with your own risk management and confirmation tools for trade entries/exits.
Adjust lookback and volume settings to match your asset and style.
Originality & Usefulness:
This indicator stands out by combining traditional RSI divergence with advanced volume filtering, giving more credible and actionable reversal alerts. All logic is non-repainting and calculated on closed bars only. Settings are fully grouped and customizable, with professional visuals for clarity.
Limitations & Disclaimers:
Not every divergence results in a major reversal—use with other analysis.
More effective in trending or volatile markets; may produce more false signals in choppy/range conditions.
Signals are generated on bar close and do not repaint.
No indicator is a substitute for proper trading discipline and risk management.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
오픈 소스 스크립트
진정한 트레이딩뷰 정신에 따라 이 스크립트 작성자는 트레이더가 기능을 검토하고 검증할 수 있도록 오픈소스로 공개했습니다. 작성자에게 찬사를 보냅니다! 무료로 사용할 수 있지만 코드를 다시 게시할 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.