RSI in pane and 3 EMAs on chart

Custom RSI in Pane + 3 EMAs on Chart — with Optional RSI Divergence Detection

Combines RSI in a separate pane with 3 EMAs on the chart and optional RSI-based divergence detection. Useful for analyzing both momentum and trend structure.

Features

1. RSI Pane
2. Custom RSI calculation (not built-in ta.rsi) with adjustable source and length
   
3. Overlay optional moving average (SMA, EMA, SMMA/RMA, WMA, VWMA, or Bollinger Bands) Overbought/oversold gradient fill for visual clarity (70 / 30 zones)
   
4. Midline (50) for neutral RSI territory
   

RSI Divergence Detection

• Optional: toggle on/off with one input
  
• Regular Bullish Divergence: Price makes a lower low, RSI makes a higher low
  
• Regular Bearish Divergence: Price makes a higher high, RSI makes a lower high
  
• Customizable lookback for pivot detection
  
• Visual markers and labels plotted on RSI
  
• Built-in alert conditions for both divergence types

3 EMA Trend Indicators on Price Chart

• Three customizable EMAs (default: 20, 50, 200)
  
• Color-coded and clearly plotted on main chart
  
• Use to determine short/mid/long-term trend bias
  
• No repainting or smoothing artifacts

Why use this script?

Gives a full view of trend + momentum without cluttering the main price chart, and it helps confirm entries and exits by observing RSI behavior alongside EMAs. The optional divergence detection can act as a signal for potential exhaustion or reversal (not entry signals on their own). It is a Good fit for traders who use RSI zones, divergences, and EMA structure in their decision-making, both for intra-day and swing trades (where it performs best).

How to use

1. Add this script to your chart. EMAs will appear on the main price chart; RSI and divergence will appear in a separate pane.
   
2. Adjust RSI and MA settings to fit your trading style (e.g., fast RSI for scalping, slower for swing)
   
3. Enable "Show Divergence" if you want visual alerts and markers
   
4. Use alerts to get notified when a divergence occurs without watching the chart
   Always check the divergences on different time frames to validate the setup, and do not consider them valid on small time frames (<15 minutes).
   
   

   Built for traders who want both momentum and trend context in a single tool — without clutter, repainting, or noise. I created this script to streamline my own analysis and avoid switching between multiple indicators. It's not meant to be a "signal generator" but a visual assistant for making better decisions. If you find it useful or have feedback, feel free to reach out.