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vn5ema
Mar 24, 2023 2:34 AM

RSI Screener and Divergence [5ema] 

BINANCE:BTCUSDT240
Bitcoin / TetherUSBinance

Description

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  • Displayed on the RSI chart according to a custom timeframe.
  • Displays the RSI tracking table of various timeframes.
  • Identify normal divergence, hidden divergence on RSI chat.
  • Show buy and sell signals (strong, weak) on the board.
  • Send notifications when RSI has a buy or sell signal.

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I reused some functions, made by (i believe that):
  • *©paaax: The table position function.*@everget: The RSI divergence function.*@QuantNomad: The function calculated value and array to show on table for input symbols.

I have commented in my code. Thanks so much!
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How it works:
1. Input :
  • input.int length of RSI => calculate RSI.
  • input.int upper/lower => checking RSI overbought/oversold.
  • input.int right bars / left bars => returns price of the pivot low & high point => checking divergence.
  • input.int range upper / lower bars => compare the low & high point => checking divergence.
  • input.timeframe => request.security another time frame.
  • input.string table position => display screener table.

2. Input bool:
  • plot RSI on chart.
  • Plot Regular Bullish divergence .
  • Regular Bearish divergence.
  • Hidden Bullish divergence .
  • Hidden Bearish divergence.

3. Basic calculated:
  • Make function for RSI , pivot low & high point of RSI and price.
  • Request.security that function for earch time frame.
  • Result RSI, Divergence.

4. Condition of signal:
Buy condition:
  • RSI oversold (1)
  • Bullish divergence (2).
  • => Buy if (1) and (2), review buy (1) or (2).

Sell condition:
  • RSI overbought (3).
  • Bearish divergence (4).
    => Sell if (3) and (4), review sell (3) or (4).

5. Table screener:
  • Time frame.
  • RSI (green - oversold, red - overbought)
  • Divergence (⬈⬈ - regular bullish , ⬊⬊ regular bearish , ⬊ - hidden bullish , ⬈ - hidden bearish ).
  • Signal (🟢 - Buy, 🔴 - sell, green 〇 - review buy, red 〇 - review sell)

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This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.

Release Notes

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Update the reused code:
Reused some functions from. I believe made by:

Thanks!

Release Notes

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Update chart sample.
thanks!

Release Notes

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Change the signal shape: 🔴 - > red ⦿
Reason: Pine updated not support.
Thanks

Release Notes

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Update divergence shape.
Reason: Pine changed to support.

Release Notes

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Update signal shape.
Final:
>>: Regular Bull Divergence.
<<: Regular Bear Divergence.
>: Hidden Bull Divergence.
<: Hidden Bear Divergence.
Green ⦿: Buy.
Red ⦿: Sell.
Green 〇: Review Buy.
Red 〇: Review Sell.
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Reason change: Pine update not to support special symbol.
Thanks.

Release Notes

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Updated Alert conditions and message.

Release Notes

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Update:
  • Modified Alert.
  • Select only strong signal or all.

Thanks!

Release Notes

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Update position of signal.
thanks!

Release Notes

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Some bros recommend me to return the signal shape to the original.
thanks.

Release Notes

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Update: Add the Alert for Regular Divergence (review Buy, Sell).
thanks!

Release Notes

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Update: changed title and short title
thanks!

Release Notes

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Update:
  • Position some items.
  • Tooltip of some items.

Release Notes

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Update:
Change content of Alert.

Release Notes

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add RSI MA

Release Notes

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add Overbought and Oversold fill color

Release Notes

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Add strong signal condition

Release Notes

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modify condition

Release Notes

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  • Optimizing the code
  • Add theme color
multitimeframeRelative Strength Index (RSI)rsi_divergence
Comments
patanacci
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Hocam elinize sağlık çok iyi, fakat sinyali yada uyumsuzluğu 4-5 mum sonra veriyor ortalama. Bunun ayarını göremedim. Kodlarda ne diye geçer bilginiz varmı rica etsem. Örneğin 2 mum sonra onay versin yada anlık uyumsuzluk varsa göstersin onayı ben bekleyeyim gibi.

Çünkü şuanda 4-5 mum sonra onay gelince çoktan uyumsuzluk çalışmış oluyor
vn5ema
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@patanacci, Teşekkür ederim
Bunu yapmak için ayarlardan "Number rightbar" ve "Number leftbar" parametrelerini değiştirebilirsiniz.
CosmicMoneyAI
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Could you kindly add other divergences in your screener? example: RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, VWMACD, CMF. Helpful Source: tradingview.com/script/m6Sk2jL2-Divergence-Indicator/
Whale_Street
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Exactly what I search !
Thanks :)
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