RSI Divergence for Binary Option
User Inputs: Allows users to set parameters like RSI period, price source, overbought/oversold levels, and a unique signal key for alerts.
RSI Calculation & Plot: Computes the RSI based on the closing prices and period specified, and plots it on the chart.
Pivot Detection: Defines functions to identify high and low pivot points on the RSI line, which are crucial for detecting divergences.
Divergence Logic: Detects bullish and bearish divergences by comparing pivot points on the price chart with corresponding points on the RSI.
Alerts & Visualization: Sets up visual cues for divergences and creates alert conditions that can notify the user when divergences are detected.
Automated Trading Alert Messages: The script sends out JSON-formatted alert messages tailored for integration with automated trading bots, specifically for binary options trading. Users must input their custom Signal_Key to match their auto-trading software's expected key, ensuring seamless operation and proper execution of trade signals. When bullish or bearish RSI divergences are identified, these messages prompt the auto-trading software to execute "call" or "put" options, respectively, in accordance with the detected market conditions.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact knowledgejoe directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact knowledgejoe directly.
Note that this private, invite-only script has not been reviewed by script moderators, and its compliance with House Rules is undetermined. TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.