RSI Divergence

2022년 12월 1일

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:

2022년 12월 7일

릴리즈 노트

from now on we have a strategy for this indicator: https://tr.tradingview.com/script/ASVRhqFM/

2023년 1월 7일

릴리즈 노트

buy and sell alert added. alarms are triggered (in real time) without waiting for the close on each candle when the conditions are met.

2023년 1월 28일

릴리즈 노트

From now on, you can see previous divergences, with newly added inputs.
price scale has changed.

2024년 12월 16일

릴리즈 노트

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.

4월 29일

릴리즈 노트

some bugs fixed.

4월 29일

릴리즈 노트

It now shows all divergences, not just the latest ones, including past ones.

5월 13일

릴리즈 노트

Labels have been added to understand exactly which bar gives divergence signals. Additionally, alarm options have been diversified.