Shizaru

RSI Divergence

RSI DIVERGENCE is a difference between a fast and a slow RSI . Default values are 5 for the fast one and 14 for the slow one.
You can use this indicator in 2 different ways:
  • normal RSI: check double or triple top/bottom on a chart meanwhile RSI is descending/ascending (check the example on chart)
  • signal line: when RSI Divergence cross zero line from bottom to top you get a buy signal (the line become green), vice versa when the RSI Divergence cross zero line in the opposite way you get a sell signal (the line become red)
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?

Komentar

@Shizaru thanks for the nice code. Looks really great.
Is it possible that the script also draws the dotted line as in your example on two or three top / bottom ?

+79 Jawab
This looks amazing. I'm just wondering how to set the alert so that it triggers when the signal line changes colors (red to green/green to red). Does anyone have any experience setting this? Thanks!
+71 Jawab
AgeM jregan11
@jregan11, Did you solve this?
+25 Jawab
AgeM AgeM
+11 Jawab
@AgeM, @jregan11 If you need a hand with this let me know. I'm happy to code something. Just PM me.
+8 Jawab
lavventura DreamsDefined
@DreamsDefined, I know its a pretty old comment but did you able to code to send an alert?
+12 Jawab
self2point0 jregan11
@jregan11, add this to the bottom of the script

divlong = divergence < 0 and divergence >=0
divshort = divergence > 0 and divergence <=0

alertcondition(divlong, title='Div Long', message='Div Long')
alertcondition(divshort, title='Div Short', message='Div Short')

data1 = divlong
plotshape(data1, style=shape.triangleup,location=location.bottom, color=green , title="DivUp")

data2 = divshort
plotshape(data2, style=shape.triangledown, location=location.top, color=red,title="DivDown")
+20 Jawab
Minimal_Est self2point0
@self2point0, hi does it actually work ?
+3 Jawab
self2point0 Minimal_Est
@Minimal_Est, yes definitely works. Here's the full script:

study(title="RSI Divergence w Alerts", shorttitle="RSI Divergence w alerts")
src_fast = close, len_fast = input(10, minval=1, title="Length Fast RSI")
src_slow = close, len_slow = input(33,minval=1, title="Length Slow RSI")
up_fast = rma(max(change(src_fast), 0), len_fast)
down_fast = rma(-min(change(src_fast), 0), len_fast)
rsi_fast = down_fast == 0 ? 100 : up_fast == 0 ? 0 : 100 - (100 / (1 + up_fast / down_fast))
up_slow = rma(max(change(src_slow), 0), len_slow)
down_slow = rma(-min(change(src_slow), 0), len_slow)
rsi_slow = down_slow == 0 ? 100 : up_slow == 0 ? 0 : 100 - (100 / (1 + up_slow / down_slow))
//plotfast = plot(rsi_fast, color=blue)
//plotslow = plot(rsi_slow, color=orange)
divergence = rsi_fast - rsi_slow
plotdiv = plot(divergence, color = divergence > 0 ? green:red, linewidth = 3)
//band1 = hline(70,color=green)
//band0 = hline(30,color=red)
band = hline(0)

divlong = divergence < 0 and divergence >=0
divshort = divergence > 0 and divergence <=0

alertcondition(divlong, title='Div Long', message='Div Long')
alertcondition(divshort, title='Div Short', message='Div Short')

data1 = divlong
plotshape(data1, style=shape.triangleup,location=location.bottom, color=green , title="DivUp")

data2 = divshort
plotshape(data2, style=shape.triangledown, location=location.top, color=red,title="DivDown")
+6 Jawab