ROBBIE + EMA

1️⃣ Purpose

This indicator identifies Knoxville Divergence signals (Rob Booker method) while filtering trades according to trend using an EMA.

Bullish signal: Price shows divergence and is above EMA → buy bias.

Bearish signal: Price shows divergence and is below EMA → sell bias.

It combines price pivots, RSI divergence, momentum, and EMA trend for higher-probability signals.

2️⃣ Key Components
a) Inputs

rsiLength → Period for RSI (default 14)

momLength → Period for Momentum (default 10)

pivotLen → Lookback for pivot detection (default 5)

emaLength → EMA period for trend filter (default 50)

b) Pivot Detection

ta.pivotlow() → detects price and RSI lows

ta.pivothigh() → detects price and RSI highs

Only pivots confirmed after pivotLen bars are used for divergence logic.

c) Knoxville Divergence Logic

Bullish Divergence:

Price forms a lower low

RSI forms a higher low

Momentum > 0

Price above EMA (trend confirmation)

Bearish Divergence:

Price forms a higher high

RSI forms a lower high

Momentum < 0

Price below EMA (trend confirmation)