OPEN-SOURCE SCRIPT

RSI Overbought Divergence Indicator with Alerts

By imal_max

Updated

This indicator alerts you only if there are divergences after price was oversold or overbought

Release Notes

updated the screenshot and contact details

Release Notes

Added the option to set min and max RSI for Bear and Bull alerts

Release Notes

Included the backtester into the source code
You need to uncomment a few lines to disable the alerts and enable the backtester.
You cant use both at the same time

and added few more tweaks and settings
The default settings are still not to good and need to be adjusted for each timeframe

Release Notes

Added a few more options for the back tester.
Added few info descriptions to improve usability

Release Notes

now your able to set manual price ranges where you wanna look for divergences

Release Notes

now with EMAs do define ranges
default settings are a little bit better

Release Notes

this indicator includes all the changes from the closed source indicator Ultimate Bullish divergence

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

imal_max

Disclaimer

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