OPEN-SOURCE SCRIPT
RSI Swing Indicator (with HL + LL Alerts — FIXED v5)
This indicator identifies swing highs and lows based on RSI extremes (overbought and oversold zones). It automatically labels:
So you can easily spot hidden bullish divergences.
It also draws swing lines connecting these points for visual trend analysis. Alerts are triggered specifically on HL & LL formations, which often signal potential bullish continuation.
HH (Higher High) – price moves higher than the previous swing high
LH (Lower High) – price forms a lower high
HL (Higher Low) – price forms a higher low
LL (Lower Low) – price forms a lower low
So you can easily spot hidden bullish divergences.
It also draws swing lines connecting these points for visual trend analysis. Alerts are triggered specifically on HL & LL formations, which often signal potential bullish continuation.
HH (Higher High) – price moves higher than the previous swing high
LH (Lower High) – price forms a lower high
HL (Higher Low) – price forms a higher low
LL (Lower Low) – price forms a lower low
Skrip open-source
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Skrip open-source
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.