OPEN-SOURCE SCRIPT
Combined RSI + Stoch RSI with Divergence [SA]
This Combined RSI + Stoch RSI with Divergence 
XRP indicator is a custom momentum tool that blends the Relative Strength Index (RSI) and **Stochastic RSI (Stoch RSI)** into a single oscillator. It includes:
1. Combined RSI: Averages RSI and Stoch RSI for a more robust momentum signal.
2. Overbought/Oversold Levels: Highlights key levels (default: 70/30) for potential reversals.
3. Divergence Detection: Identifies regular and hidden divergences for trend reversals or continuations.
4. Pivot Points: Marks highs and lows on the Combined RSI for structure analysis.
5. Buy/Sell Signals: Generates signals when the Combined RSI crosses overbought/oversold levels at pivot points.
Key Features:
- Plots RSI, Stoch RSI, and Combined RSI.
- Labels divergences (`R` for Regular, `H` for Hidden).
- Marks buy/sell signals (`BUY`/`SELL`).
Use Case:
- Confirms trends, spots reversals, and identifies entry/exit points using momentum and divergence.
This tool is ideal for traders seeking a comprehensive view of momentum and price structure. 🚀
XRP indicator is a custom momentum tool that blends the Relative Strength Index (RSI) and **Stochastic RSI (Stoch RSI)** into a single oscillator. It includes:1. Combined RSI: Averages RSI and Stoch RSI for a more robust momentum signal.
2. Overbought/Oversold Levels: Highlights key levels (default: 70/30) for potential reversals.
3. Divergence Detection: Identifies regular and hidden divergences for trend reversals or continuations.
4. Pivot Points: Marks highs and lows on the Combined RSI for structure analysis.
5. Buy/Sell Signals: Generates signals when the Combined RSI crosses overbought/oversold levels at pivot points.
Key Features:
- Plots RSI, Stoch RSI, and Combined RSI.
- Labels divergences (`R` for Regular, `H` for Hidden).
- Marks buy/sell signals (`BUY`/`SELL`).
Use Case:
- Confirms trends, spots reversals, and identifies entry/exit points using momentum and divergence.
This tool is ideal for traders seeking a comprehensive view of momentum and price structure. 🚀
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — 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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — 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.