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Diupdate RSI Divergence
Hi!
Lately I had quite a few requests for an RSI divergence development, so I decided to make a publish version of such indicator. This is how it works:
It searches for peaks on the RSI indicator (not on the price!):
NOTE: The peak/trough could be detected only after two new bars are formed!
The indicator remembers high/low price on the bar with the peak/trough. When the indicator value at the peak is lower than the indicator value at the previous peak and the low price at the current peak is higher than the low price at last peak then it's a hidden bullish. Vice versa for the trough.
So, this indicator can detect the next cases:
You can donate ETH (0xa961e3866f58c36aaef958714d4f75d9c081b8bc) if you want to thank me more than just a like or a comment.
Lately I had quite a few requests for an RSI divergence development, so I decided to make a publish version of such indicator. This is how it works:
It searches for peaks on the RSI indicator (not on the price!):
- when the RSI values greater than two values before and after that value it's a peak
- when the RSI values lesser than two values before and after that value it's a trough
NOTE: The peak/trough could be detected only after two new bars are formed!
The indicator remembers high/low price on the bar with the peak/trough. When the indicator value at the peak is lower than the indicator value at the previous peak and the low price at the current peak is higher than the low price at last peak then it's a hidden bullish. Vice versa for the trough.
So, this indicator can detect the next cases:
- indicator fall + high rise = regular bearish
- indicator rise + high fall = hidden bearish
- indicator rise + low fall = regular bullish
- indicator fall + low rise = hidden bullish
You can donate ETH (0xa961e3866f58c36aaef958714d4f75d9c081b8bc) if you want to thank me more than just a like or a comment.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, anda dapat menggunakannya secara bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.