RSI Divergence script will paint green or red lines depending on which way the asset is moving. The code is accessible and can be viewed. I have added alerts and the ability to change the source for slow and fast RSI values.
I have yielded better results using OHLC4 rather than the regular closing candles. As you can see it is working well with COINBASE:BTCUSD ...
I hope you're all hanging on at home with what's going on these days...
The good news is.... it gives us more time to trade ^^.... #positive #attitude
I - Concept
This screener detects whether the regular RSI divergences based on the TradingView Divergence built-in indicator (made by the gentleman @everget I believe)
With this screener, you can...
Hope you had a great Thanksgiving
Now it's my turn to give and all I ask in return is you to be thankful (did I get the "Thanksgiving" thing right?)
The Currency Strength Indicator plots an average of the selected FX pairs in the indicator.
Someone asked me if I could develop an alternative of that script adding a divergence component....
The Double Smoothed RSI Indicator was created by William Blau (Stocks & Commodities V. 9:5 (202-205)) and is a variation of the classic RSI using his Momenta Indicator and his Momenta RSI formula. I have color coded everything to make it very easy to determine buy and sell signals.
Let me know if you would like to see me write scripts for other indicators!
Script highlights the divergences in RSI worth taking notice of. By comparing current envionment to relative sample we can see more than
the standard divergences that many catch through analysis. This framework aims to remove the bias or noise many see when looking for any supporting
evidence to their given emotion on a market.
Here it is Everyone - What was once hidden is now revealed
This is the Ultimate RSI Divergence Indicator
Not only does it plot Regular and Hidden Divergence lines for an RSI smoothed by an EMA and for its Signal Line
The RSI can be set to change color with direction or can be set as single color with or with out OB / OS highlights
Color Changing RSI helps when...
The moving average convergence / divergence (MACD) indicator is a pulse oscillator that is mainly used to trade trends. Although it is an oscillator, it is not typically used to identify overbought or oversold conditions. It appears in the diagram as two lines that oscillate without limits. The crossing of the two lines provides trading...
Since my " MACD & RSI+Stoch + Divergences" is a heavy script
I've split the script in 3 separate ones:
- Stoch RSI
Default settings are without lines (faster)
If you want to see the lines, enable the "Just show Arrows (No Lines)" button
Should it be that a message "Calculation timed out.Remove the indicator and reapply it to the...
Tradingview Built-in Divergence Indicator with RSI is extended for Price Divergence with
- Money Flow
- Demand Index
- Chaikin Money Flow
Thanks to tradingview for providing this unique indicator.
Simple RSI Divergence with adjustable lookback period.
Highlights bars with higher price but lower RSI (bearish) or lower price but higher RSI (bullish) than the highest/lowest points in the lookback period.
This indicator gives a histogram of RSI in relation to an ema of the RSI.
The histogram is then smoothed to reduce false signals.
The actualiteit RSI line with overbought/overvols signals can be added or omitted as preferred.
The background can be color coded if the RSI is above or below 50.
Version 2. Added support for MTF. Longer timesframes (1h-3h) tend to...
This is a custom indicator of mine that uses the volume weighted average price instead of the close price as the source for calculations of the relative strength index. Buy when the indicator line is green and sell when it is red.
This was a custom request so let me know if there are any other scripts you would like to see me do or if you want something custom done!