Shizaru

RSI Divergence

RSI DIVERGENCE is a difference between a fast and a slow RSI . Default values are 5 for the fast one and 14 for the slow one.
You can use this indicator in 2 different ways:
  • normal RSI: check double or triple top/bottom on a chart meanwhile RSI is descending/ascending (check the example on chart)
  • signal line: when RSI Divergence cross zero line from bottom to top you get a buy signal (the line become green), vice versa when the RSI Divergence cross zero line in the opposite way you get a sell signal (the line become red)
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Thank you.... nice indicator
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thank you. super indicator.
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pretty cool man, cheers
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this is too good
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Thank you.
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This looks amazing. I'm just wondering how to set the alert so that it triggers when the signal line changes colors (red to green/green to red). Does anyone have any experience setting this? Thanks!
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AgeM jregan11
@jregan11, Did you solve this?
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@AgeM, @jregan11 If you need a hand with this let me know. I'm happy to code something. Just PM me.
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@Shizaru thanks for the nice code. Looks really great.
Is it possible that the script also draws the dotted line as in your example on two or three top / bottom ?

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