Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Mean Reversion indicator based on RSI Divergences at Overbought/Oversold conditions with Price above/below a Standard Deviation from Daily VWAP. Useful for intra-day trading.
Signal criteria: 1. RSI is at Overbought/Oversold 2. RSI Divergence present (not hidden) 3. RSI has not reached Neutral level (i.e. 50) 4. Price has crossed above/below a Standard Deviation from Daily VWAP
Config Options: - RSI length (default:14) - Divergence Lookback Period (default:14) - RSI Oversold/Overbought tresholds (default: 70/30) - RSI Reset Level (default: 55/45) - Use VWAP Std Dev (default: yes) - Standard Deviation from Daily VWAP (default: 1.51)
Use with discretion.
Release Notes
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Fixed filtering of divs under RSI Overbought/Oversold
Release Notes
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Can choose Indicator Time Frame
Release Notes
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fix reset when crossing neutral level
Release Notes
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Fixes identification of divergences when 2nd SH/SL on RSI is not at extremes, as it is still a valid divergence.
Release Notes
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bugfix: some bearish divergences where detected below overbought
@crypto_rife I am not able to create simple Alerts on when the LONG or SHORT signal appears. Is this not possible anymore or is there something wrong at my end ? thanks and best regards
Meyn
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Thanks
rollenderriese
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very good work. thank you
danieltholenaars
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Can this indicator spot rsi divergence on the time it takes place. Or only after?
crypto_rife
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@danieltholenaars, it will print it as soon as its present, but it is not confirmed until the candle closes. In other words, you might see it show up and disappear as the candle moves.
tommytoan11
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interesting signal, seems to suit conditions right now quite well, what time frame you using it on?
how can i set alert on the signal on all currency pairs each time it appears?
crypto_rife
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@garcle3205, you would have to set an alert on each pair and each tf
translucent07
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hi, thanks for very useful script. I have one question: does this work on higher time frame (daily and higher)? Seems like it's using session VWAP so I think not. Please correct me if I'm wrong. Thanks again.