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.
Notas de Lançamento
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Better default values.
Notas de Lançamento
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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.