PROTECTED SOURCE SCRIPT
DrNon RSI Divergence
RSI Divergence Strategy (Long Entry + RSI Filter)
Concept:
This strategy combines classic RSI bullish divergence with a low RSI entry filter to catch early trend reversals in oversold zones.
It aims to identify high-probability turning points where price forms a lower low while RSI makes a higher low, indicating weakening downside momentum.
Entry Logic
• Bullish Divergence detected between price and RSI
→ Price makes a Lower Low, RSI makes a Higher Low
• RSI < Threshold (default = 25) ensures entry only in deeply oversold conditions
• Enters Long when both conditions are true and no existing position is open.
Exit Logic
1. RSI Drop Exit:
If RSI continues to fall for a specified number of consecutive bars (dropPeriod, default = 3), the strategy closes the position.
2. Stop-Loss Exit:
Automatically closes when the open trade loses more than the specified percentage (stopLossPct, default = 15%).
Parameters
Parameter Default Description
RSI Period 14 Standard RSI length
RSI Entry Threshold 25 Open long only when RSI < this value
Pivot Lookback Left / Right 5 / 5 Determines swing points for divergence
Drop Period 3 Bars of continuous RSI decline before closing
Stop Loss % 15% Maximum allowed loss before exit
Use Case
• Works best in swing trading or reversal-catching environments.
• Combine with support/resistance or volume analysis for higher precision.
• Ideal for assets with mean-reversion tendencies (e.g. indices, large-cap stocks, crypto majors).
Visualization
• 🟢 Triangle Up: Bullish Divergence Detected
• 🟢 Dot / Marker: Entry signal (when RSI < threshold)
• ✖ Marker: Exit by RSI drop or Stop-loss
Strategy Notes
• Default setup trades only Long side.
• Can be extended easily to include Bearish Divergence Short entries (RSI > 75).
• Backtest on multiple timeframes (1H, 4H, 1D) for parameter optimization.
Concept:
This strategy combines classic RSI bullish divergence with a low RSI entry filter to catch early trend reversals in oversold zones.
It aims to identify high-probability turning points where price forms a lower low while RSI makes a higher low, indicating weakening downside momentum.
Entry Logic
• Bullish Divergence detected between price and RSI
→ Price makes a Lower Low, RSI makes a Higher Low
• RSI < Threshold (default = 25) ensures entry only in deeply oversold conditions
• Enters Long when both conditions are true and no existing position is open.
Exit Logic
1. RSI Drop Exit:
If RSI continues to fall for a specified number of consecutive bars (dropPeriod, default = 3), the strategy closes the position.
2. Stop-Loss Exit:
Automatically closes when the open trade loses more than the specified percentage (stopLossPct, default = 15%).
Parameters
Parameter Default Description
RSI Period 14 Standard RSI length
RSI Entry Threshold 25 Open long only when RSI < this value
Pivot Lookback Left / Right 5 / 5 Determines swing points for divergence
Drop Period 3 Bars of continuous RSI decline before closing
Stop Loss % 15% Maximum allowed loss before exit
Use Case
• Works best in swing trading or reversal-catching environments.
• Combine with support/resistance or volume analysis for higher precision.
• Ideal for assets with mean-reversion tendencies (e.g. indices, large-cap stocks, crypto majors).
Visualization
• 🟢 Triangle Up: Bullish Divergence Detected
• 🟢 Dot / Marker: Entry signal (when RSI < threshold)
• ✖ Marker: Exit by RSI drop or Stop-loss
Strategy Notes
• Default setup trades only Long side.
• Can be extended easily to include Bearish Divergence Short entries (RSI > 75).
• Backtest on multiple timeframes (1H, 4H, 1D) for parameter optimization.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.