OPEN-SOURCE SCRIPT
H1 Regression Channel + Levels + RSI Divergence (NEON UI)
This indicator combines multiple tools for H1 trading analysis:
Features:
Regression Channel: Automatically plots the upper, middle, and lower regression lines based on H1 data.
Strong Levels: Detects pivot highs and lows with a liquidity filter (volume and candle body size) to highlight significant support and resistance levels.
RSI + Divergence: Calculates RSI and detects bullish/bearish divergences, displayed in a bright neon table.
Neon Table UI: Shows RSI value, Bullish Divergence, and Bearish Divergence clearly and brightly.
Liquidity Filter: Only considers pivots with high volume or large candle bodies to improve signal quality.
How to Use:
Watch the regression channel for trend direction.
Use strong levels as potential support/resistance.
Check the neon table for RSI readings and divergences.
Bullish divergence (YES) indicates potential upward reversal; Bearish divergence (YES) indicates potential downward reversal.
Note:
The table updates automatically based on pivot formation and RSI divergence detection.
Works best on H1 timeframe.
Features:
Regression Channel: Automatically plots the upper, middle, and lower regression lines based on H1 data.
Strong Levels: Detects pivot highs and lows with a liquidity filter (volume and candle body size) to highlight significant support and resistance levels.
RSI + Divergence: Calculates RSI and detects bullish/bearish divergences, displayed in a bright neon table.
Neon Table UI: Shows RSI value, Bullish Divergence, and Bearish Divergence clearly and brightly.
Liquidity Filter: Only considers pivots with high volume or large candle bodies to improve signal quality.
How to Use:
Watch the regression channel for trend direction.
Use strong levels as potential support/resistance.
Check the neon table for RSI readings and divergences.
Bullish divergence (YES) indicates potential upward reversal; Bearish divergence (YES) indicates potential downward reversal.
Note:
The table updates automatically based on pivot formation and RSI divergence detection.
Works best on H1 timeframe.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
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.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
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.