Libertus

2018년 9월 29일 오후 12시 53분

Relative Strength Index - Divergences - Libertus

Ethereum / U. S. DollarKraken

설명

⋅ 2018년 9월 29일 오후 12시 53분

Hello all,

To ease everyone's trading experience I made this script which colors RSI overbought and oversold conditions and as a bonus displays bullish or bearish divergences in last 50 candles (by default, you can change it).
Script is open source, part of code is from Trading View examples. If you have suggestions or you already made some improvements, please report in comment.

Happy trading and good luck!

릴리즈 노트

⋅ 2018년 10월 4일 오전 8시 42분

New version 2.0 of script. Most of logic is updated and upgraded.
Now divergences are shown for whole history.

Be warned that I increased lookback period to 90 bars by default. This is good for time frames up to 4H, even 4H in on the edge here.
Higher time frames then 4H probably need lower lookback period.

Please report any problems you encounter.

릴리즈 노트

⋅ 2018년 10월 4일 오전 8시 44분

TD bugged out when publishing, repeating update.

릴리즈 노트

⋅ 2018년 10월 5일 오후 12시 56분

Minor update: Added ability to set alerts per user request.

릴리즈 노트

⋅ 2018년 10월 13일 오후 2시 39분

Update:

ability to remove pivots
ability to display smaller/shorter labels

릴리즈 노트

⋅ 2019년 9월 27일 오후 12시 35분

What new:

adapted script to new pine language version (v4)
removed 8 n/a value that were cluttering indicator interface next to RSI value (only possible with v4 pine language)
added option to have colored indicator background instead of BULL/BEAR labels

If you don't want separate indicator for RSI divergences, you can use my RSI Divergences - Candle edition:
tradingview.com/script/8VIHaB5m-RSI-Divergences-Candle-Edition-Libertus/

If you want OBV divergences script, check out:
tradingview.com/script/K7trCyvk-OBV-On-Balance-Volume-Divergences-Libertus/

릴리즈 노트

⋅ 2020년 2월 28일 오후 9시 38분

Small fix: Pivots didn't hide if you checked both "Hide pivot" and "Color background".

릴리즈 노트

⋅ 2021년 7월 19일 오후 1시 59분

Per popular demand, added alerts to pivot high and low.
Some code cosmetics.

릴리즈 노트

⋅ 2024년 3월 17일 오후 1시 42분

Added mid line with value 50 separating bullish and bearish momentum.
Changed colors for bullish and bearish momentum parts.
If you want to change colors or any value, you can do it in script settings (style part).

코멘트

zzcnc

⋅ 2018년 10월 16일 오전 10시 8분

Bull :What does it represent
Pivot :What does it represent
Bear :What does it represent
Red thread :What does it represent

Libertus

⋅ 2018년 10월 16일 오후 12시 16분

@zzcnc, stockcharts.com/school/doku.php?id=chart_school:technical_indicators:relative_strength_index_rsi Check segments "Overbought-Oversold" and "Divergences".

arialexander2

⋅ 2021년 12월 26일 오후 9시 12분

@Libertus, what is pivot? i know what over bought and over sold is

ersin10066

⋅ 2022년 2월 9일 오전 11시 54분

@zzcnc, sorularınızın cevabınızı buldunuzmu?

MDicko123

⋅ 2019년 2월 6일 오후 9시 18분

Looks great, does it repaint at all?

emmanueldesk

⋅ 2019년 2월 13일 오후 5시 42분

@MikeDickens, no

rashmi_kamaldeep_ico

⋅ 2018년 10월 9일 오전 10시 4분

Hi, are the signals provided immediately or two candles late?

Libertus

⋅ 2018년 10월 9일 오전 10시 13분

@rashmi_kamaldeep_ico, Divergence signal is provided after two conditions are met: 1. last closed candle has divergences 2. current candle rsi/price is under (bear) or over (bull) last candle rsi/close price.
In real world that mean anything between few seconds after candle close or whole candle time, depending when price meets condition. Pivot is provided after 2 candles, but that isn't important for divergences.

timati525

⋅ 2021년 5월 4일 오후 12시 59분

Excellent indicator!! Thanks!
Is there an option to set an alert for PIVOT? It will be great!