Stochastic RSI with Divergences — Indicator by NeoButane

relativestrengthindex stochasticrsi centeredoscillator divergences

Took my other Log RSI script and plugged in Stochastic RSI to see how divergences play on an oscillator with two lines. Turns out divergences are good at predicting changes in the oscillator but that doesn't mean that the oscillator will always mimic price action.

Log vs. no log is virtually the same.

Credits to
@fskrypt for introducing geometric mean
Divergences by @RicardoSantos (@JustUncleL's edit)

Release Notes:

Added toggle for using average of K and D or only K for divergences

Release Notes:

Added toggle for (low strikerate) hidden divergences. Now off by default.

My published indicators: www.tradingview.com/u/NeoButane/

Sorry if I haven't replied to your message yet, I'm a bit backlogged :)

Open-source script

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