OPEN-SOURCE SCRIPT

RSI Screener and Divergence [5ema]

Atualizado
  • Displayed on the RSI chart according to a custom timeframe.
  • Displays the RSI tracking table of various timeframes.
  • Identify normal divergence, hidden divergence on RSI chat.
  • Show buy and sell signals (strong, weak) on the board.
  • Send notifications when RSI has a buy or sell signal.

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I reused some functions, made by (i believe that):
  • *©paaax: The table position function.*@everget: The RSI divergence function.*@QuantNomad: The function calculated value and array to show on table for input symbols.

I have commented in my code. Thanks so much!
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How it works:
1. Input :
  • input.int length of RSI => calculate RSI.
  • input.int upper/lower => checking RSI overbought/oversold.
  • input.int right bars / left bars => returns price of the pivot low & high point => checking divergence.
  • input.int range upper / lower bars => compare the low & high point => checking divergence.
  • input.timeframe => request.security another time frame.
  • input.string table position => display screener table.

2. Input bool:
  • plot RSI on chart.
  • Plot Regular Bullish divergence .
  • Regular Bearish divergence.
  • Hidden Bullish divergence .
  • Hidden Bearish divergence.

3. Basic calculated:
  • Make function for RSI , pivot low & high point of RSI and price.
  • Request.security that function for earch time frame.
  • Result RSI, Divergence.

4. Condition of signal:
Buy condition:
  • RSI oversold (1)
  • Bullish divergence (2).
  • => Buy if (1) and (2), review buy (1) or (2).

Sell condition:
  • RSI overbought (3).
  • Bearish divergence (4).
    => Sell if (3) and (4), review sell (3) or (4).

5. Table screener:
  • Time frame.
  • RSI (green - oversold, red - overbought)
  • Divergence (⬈⬈ - regular bullish , ⬊⬊ regular bearish , ⬊ - hidden bullish , ⬈ - hidden bearish ).
  • Signal (🟢 - Buy, 🔴 - sell, green 〇 - review buy, red 〇 - review sell)

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This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.
Notas de Lançamento
Update the reused code:
Reused some functions from. I believe made by:

Thanks!
Notas de Lançamento
Update chart sample.
thanks!
Notas de Lançamento
Change the signal shape: 🔴 - > red ⦿
Reason: Pine updated not support.
Thanks
Notas de Lançamento
Update divergence shape.
Reason: Pine changed to support.
Notas de Lançamento
Update signal shape.
Final:
>>: Regular Bull Divergence.
<<: Regular Bear Divergence.
>: Hidden Bull Divergence.
<: Hidden Bear Divergence.
Green ⦿: Buy.
Red ⦿: Sell.
Green 〇: Review Buy.
Red 〇: Review Sell.
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Reason change: Pine update not to support special symbol.
Thanks.
Notas de Lançamento
Updated Alert conditions and message.
Notas de Lançamento
Update:
  • Modified Alert.
  • Select only strong signal or all.

Thanks!
Notas de Lançamento
Update position of signal.
thanks!
Notas de Lançamento
Some bros recommend me to return the signal shape to the original.
thanks.
Notas de Lançamento
Update: Add the Alert for Regular Divergence (review Buy, Sell).
thanks!
Notas de Lançamento
Update: changed title and short title
thanks!
Notas de Lançamento
Update:
  • Position some items.
  • Tooltip of some items.

Notas de Lançamento
Update:
Change content of Alert.
Notas de Lançamento
add RSI MA
Notas de Lançamento
add Overbought and Oversold fill color
Notas de Lançamento
Add strong signal condition
Notas de Lançamento
modify condition
Notas de Lançamento

  • Optimizing the code
  • Add theme color
multitimeframeRelative Strength Index (RSI)rsi_divergence

Script de código aberto

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