OPEN-SOURCE SCRIPT
RSI Divergence (Pine v4)
Atualizado
Summary
Script highlights the divergences in RSI worth taking notice of. By comparing current envionment to relative sample we can see more than
the standard divergences that many catch through analysis. This framework aims to remove the bias or noise many see when looking for any supporting
evidence to their given emotion on a market.
Step-by-Step Walkthrough
This RSI Script is intended for public use and can be shared / implemented as needed
Questions? I do not monitor my TradingView inbox. See email address in signature at the bottom of this page for contact information.
Script highlights the divergences in RSI worth taking notice of. By comparing current envionment to relative sample we can see more than
the standard divergences that many catch through analysis. This framework aims to remove the bias or noise many see when looking for any supporting
evidence to their given emotion on a market.
Step-by-Step Walkthrough
- Calculates RSI
- Sets Divergence Framework
- -------> a. Defining variable values, mandatory in Pine 4)
- -------> b. Identify Divergences --> "If bar with lowest / highest is current bar, use it's value"
- Compare high of current bar being examined with previous bar's high --> "If curr bar high is higher than the max bar high in the lookback window range"
- Finds pivot point with at least 2 right candles with lower value
- Finds pivot point with at least 2 right candles with lower value
- Plot
- Set Alerts
This RSI Script is intended for public use and can be shared / implemented as needed
Questions? I do not monitor my TradingView inbox. See email address in signature at the bottom of this page for contact information.
Notas de Lançamento
Complete Upgrade - Logic restructured and implemented. Notas de Lançamento
upgraded to pine v5Notas de Lançamento
Added Alert ParametersNotas de Lançamento
Updating to include the same functionality that the built-in Tradingview RSI Indicator has standard, with SMA/EMA/BBand 'switch' function has recently added + cleaned up some of the syntax to be in alignment with the Pinecoders recommendations. If the former versions are preferred, simply copy the old pinescript and add as your own indicator.
Cheers,
ET
Notas de Lançamento
May 11, 2023 - Terminology updated
- Removal of deprecated 'transp=' color function
- User Menu Reformatted
Notas de Lançamento
Conversion to Pine v6- Faster loading and rending on chart
Notas de Lançamento
Updated to Pine v6 - Added gradient fill for overbought and oversold
- Scales will only show RSI value and RSI MA value
Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
Quer usar esse script no gráfico?
Eric Thies
Aviso legal
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