% Divergence of RSI

2021년 8월 6일

A simple script that plots the difference between the %ROC of price vs the %ROC of RSI, AKA the % of divergence. A simple way to analyze how strong a potential divergence is. Top reversals are above 0, bottom reversals are below. A value of 0 means price and RSI are changing by the same % value. So, if oscillator is moving up as price moves up, it means divergence is increasing. If oscillator moves down as price moves up, it means divergence is decreasing.

2021년 8월 6일

릴리즈 노트

Better default values.

2021년 8월 8일

릴리즈 노트

Finalized? I probably uploaded this too early. Oh well...

+ absolute value underlay
+ color highlights based on Bollinger Band.
+ purple > 0 is buy signal, blue > 0 is sell signal. ABS shown to more easily compare strength of all divergences.
+ best buys are when background highlighted blue or teal - in upper bollinger band range or broke out, stronger divergences!
+ BB crosses shown in orange and yellow like the respective lines
+ Crosses of 0 line highlighted in green and lime.

2021년 8월 8일

릴리즈 노트

better value and chart

2021년 8월 9일

릴리즈 노트

fixed range