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burgercrisis
6 Ags 2021 pukul 05.35

% Divergence of RSI 

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Deskripsi

A simple script that plots the difference between the %ROC of price vs the %ROC of RSI, AKA the % of divergence. A simple way to analyze how strong a potential divergence is. Top reversals are above 0, bottom reversals are below. A value of 0 means price and RSI are changing by the same % value. So, if oscillator is moving up as price moves up, it means divergence is increasing. If oscillator moves down as price moves up, it means divergence is decreasing.

Catatan Rilis

Better default values.

Catatan Rilis

Finalized? I probably uploaded this too early. Oh well...

+ absolute value underlay
+ color highlights based on Bollinger Band.
+ purple > 0 is buy signal, blue > 0 is sell signal. ABS shown to more easily compare strength of all divergences.
+ best buys are when background highlighted blue or teal - in upper bollinger band range or broke out, stronger divergences!
+ BB crosses shown in orange and yellow like the respective lines
+ Crosses of 0 line highlighted in green and lime.

Catatan Rilis

better value and chart

Catatan Rilis

fixed range
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