RSI Divergence

١ ديسمبر ٢٠٢٢

What is "RSI Divergence"?
"RSI Divergence" is a indicator that find RSI divergence automatically.

What it does?
When it finds an RSI divergence, it draws a line on the indicator.

How it does it?
The lines are found using the least squares method. If the signs of the linear regression on the graph and the linear regression plotted on the RSI are different, this is considered divergence.

How to use it?
RSI lenght = RSI lenght
source = source of RSI
RSI Divergence Lenght = lenght of lines that draws on indicator
zoom = zoom
examples:

٧ ديسمبر ٢٠٢٢

ملاحظات الأخبار

from now on we have a strategy for this indicator: https://tr.tradingview.com/script/ASVRhqFM/

٧ يناير ٢٠٢٣

ملاحظات الأخبار

buy and sell alert added. alarms are triggered (in real time) without waiting for the close on each candle when the conditions are met.

٢٨ يناير ٢٠٢٣

ملاحظات الأخبار

From now on, you can see previous divergences, with newly added inputs.
price scale has changed.

١٦ ديسمبر ٢٠٢٤

ملاحظات الأخبار

Thanks to the new "force overlay" function added to Pinescript after I published this indicator, we can now draw lines showing divergences both on the RSI and on the main chart.