RSI Divergence (chiefwils0n)

Greetings All,

This simple indicator is a stylistic modification of the original TradingView Divergence indicator. I've enhanced the following:

  • RSI will turn RED when overbought and CYAN when oversold. CYAN presents an LONG opportunity, while RED is where I look for SHORT entries.
  • Added background color to the the Oversold/Mid-Level and Overbought/Mid-Level. The idea is to go LONG when RSI is in the GREEN channel, and consider closing your position when RSI is the RED channel. Or, SHORT in the RED, and close your position in the GREEN.
  • Hidden Divergences are styled with muted colors. Maroon is Hidden Bearish and Dark Green is Hidden Bullish .
  • Regular Divergences have brighter labels with Red ( Bearish ) and Lime ( Bullish ). My logic is to bring attention to these divergences, since they are stronger than hidden divergences.


I also added the following alerts:

The alerts really distinguish this script for me. I hope you enjoy.

Happy Trading!
Skrip open-source

Sejalan dengan semangat TradingView, penulis skrip ini telah mempublikasikannya secara open-source, sehingga para trader dapat memahami dan memverifikasinya. Salut untuk sang penulis! Anda dapat menggunakannya secara gratis, tetapi penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk dapat menggunakannya didalam sebuah chart.

Inggin menggunakan skrip ini pada chart?


Wow nice, very useful.
+1 Jawab
🙏Exact script I've been wanting.
+1 Jawab
Hi, thanks a lot for your modification. I probably have a problem with alerts, because alerts activation is 1,5h after signal appears on chart f.ex.
+1 Jawab
chiefwils0n cryptowojtas
@cryptowojtas, Greetings. This link doesn’t work. Please send a tradingview screenshot instead.
awsome, thanks.
+1 Jawab
Thx Chief, much appreciated :)
+1 Jawab
Thank you very much!
+1 Jawab
Already added to my charts! I've been playing with volume flow indicators to find divergences, this will be a nice addition !
+1 Jawab
thank you very much! how can i use this as strategy?