Shizaru

RSI Divergence

RSI DIVERGENCE is a difference between a fast and a slow RSI . Default values are 5 for the fast one and 14 for the slow one.
You can use this indicator in 2 different ways:
  • normal RSI: check double or triple top/bottom on a chart meanwhile RSI is descending/ascending (check the example on chart)
  • signal line: when RSI Divergence cross zero line from bottom to top you get a buy signal (the line become green), vice versa when the RSI Divergence cross zero line in the opposite way you get a sell signal (the line become red)
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thank you. super indicator.
Responder
pretty cool man, cheers
Responder
this is too good
Responder
Thank you.
Responder
This looks amazing. I'm just wondering how to set the alert so that it triggers when the signal line changes colors (red to green/green to red). Does anyone have any experience setting this? Thanks!
+13 Responder
AgeM jregan11
@jregan11, Did you solve this?
+4 Responder
+4 Responder
@AgeM, @jregan11 If you need a hand with this let me know. I'm happy to code something. Just PM me.
+2 Responder
@Shizaru thanks for the nice code. Looks really great.
Is it possible that the script also draws the dotted line as in your example on two or three top / bottom ?

+21 Responder
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