RSI+EMA+MZONES with Divergences

Dec 22, 2024

Features:
1. RSI Calculation:

• Uses user-defined periods to calculate the RSI and visualize momentum shifts.
  
• Plots key RSI zones, including upper (overbought), lower (oversold), and middle levels.
  

2. EMA of RSI:

• Includes an Exponential Moving Average (EMA) of the RSI for trend smoothing and confirmation.
  

3. Bullish and Bearish Divergences:

• Detects Regular divergences (labeled as “Bull” and “Bear”) for classic signals.
  
• Identifies Hidden divergences (labeled as “H Bull” and “H Bear”) for potential trend continuation opportunities.
  

4. Customizable Labels:

• Displays divergence labels directly on the chart.
  
• Labels can be toggled on or off for better chart visibility.
  

5. Alerts:

• Predefined alerts for both regular and hidden divergences to notify users in real time.
  

6. Fully Customizable:

• Adjust RSI period, lookback settings, divergence ranges, and visibility preferences.
  
• Colors and styles are easily configurable to match your trading style.
  

How to Use:

• RSI Zones: Use RSI and its zones to identify overbought/oversold conditions.
  
• EMA: Look for crossovers or confluence with divergences for confirmation.
  
• Divergences: Monitor for “Bull,” “Bear,” “H Bull,” or “H Bear” labels to spot key reversal or continuation signals.
  
• Alerts: Set alerts to be notified of divergence opportunities without constant chart monitoring.