Divergence Scalp v1 By Dao

An advanced divergence detection indicator based on RSI and price pivots, designed for scalpers and swing traders who want to catch high-probability reversal points.

🔑 Key Features

RSI Divergence Detection

Regular Bullish Divergence → Price makes lower low, RSI makes higher low (RSI < 50).

Hidden Bullish Divergence → Price makes higher low, RSI makes lower low (RSI < 50).

Regular Bearish Divergence → Price makes higher high, RSI makes lower high (RSI > 50).

Hidden Bearish Divergence → Price makes lower high, RSI makes higher high (RSI > 50).

Customizable Settings

Pivot lookback length & detection range.

Toggle On/Off for Bullish, Bearish, Hidden signals.

Adjustable colors for signals and labels.

RSI Visualization

Plots RSI line with overbought (70), oversold (30), and midline (50).

Background shading for quick visual reference.

Signal Labels

“Bull / H Bull” → Bullish Divergence.

“Bear / H Bear” → Bearish Divergence.

Built-in Alerts → Real-time alerts for all four divergence types.

📊 How It Helps

This tool makes it easier to spot early signs of momentum shifts, allowing traders to anticipate reversals at key levels and improve entry/exit timing.

👉 Perfect for traders who use RSI divergence + price action as a scalping or swing strategy.