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drink7up

New Price Highs/Lows (plotted on RSI)

drink7up  
Oscillators Divergence
64
3
oscillator divergence
Rather than rely on existing indicators for bullish/bearish divergence, I'd rather just identify it myself.

This indicator just makes this easier to see (hands-free) the relevant data on the RSI at points where the price hits new highs/lows by colouring the background on the RSI based on price action and also plotting the RSI values at those points so you dont need to keep hovering over the RSI with your mouse.

Stay aware of your lookback setting because it will effect how often the new price highs/lows are highlighted.
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