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RSI Divergence Indicator - Digital Dynasty Traders
An RSI Divergence Indicator is a technical analysis tool that identifies bullish and bearish divergences directly on the Relative Strength Index (RSI). It detects when the RSI and price movement are out of sync, signaling potential trend reversals.
-Bullish Divergence occurs when the price forms lower lows while the RSI forms higher lows, indicating weakening downward momentum and a possible price increase.
-Bearish Divergence happens when the price makes higher highs while the RSI makes lower highs, suggesting weakening upward momentum and a potential price drop.
This indicator visually marks these divergences on the RSI chart, helping traders spot opportunities for potential trend reversals and confirm trade signals.
-Bullish Divergence occurs when the price forms lower lows while the RSI forms higher lows, indicating weakening downward momentum and a possible price increase.
-Bearish Divergence happens when the price makes higher highs while the RSI makes lower highs, suggesting weakening upward momentum and a potential price drop.
This indicator visually marks these divergences on the RSI chart, helping traders spot opportunities for potential trend reversals and confirm trade signals.
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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.
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.