sharp mpz

Identifying divergence (triple peaks and triple valleys) with RSI.

Release Notes

Identifying divergence (triple peaks and triple valleys) with RSI.

Release Notes

This indicator detects divergences. Specifically, it looks for a type of triple divergence between price and the Relative Strength Index (RSI) to issue buy or sell signals.

By analyzing the relationship between price movement (high and low pivot points) and the RSI oscillator, this indicator seeks out trading opportunities. Its core logic is to find a specific pattern of three consecutive pivot points where the price is making higher highs (for a bearish signal) or lower lows (for a bullish signal), while the RSI is simultaneously forming lower highs or higher lows, respectively.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

erfanmaneshmohsen

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Protected script

This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.

erfanmaneshmohsen