PROTECTED SOURCE SCRIPT
RSI Plus – Divergence + EMA/WMA
RSI Plus – Divergence + EMA/WMA
This is an advanced RSI indicator designed for traders who want to maximize the power of RSI.
Beyond the standard RSI plot, this tool adds extra features to help analyze trends and identify better entry signals.
Key Features:
How to use:
This is an advanced RSI indicator designed for traders who want to maximize the power of RSI.
Beyond the standard RSI plot, this tool adds extra features to help analyze trends and identify better entry signals.
Key Features:
- Standard RSI with highlighted zones (20–30, 30–40, 40–60, 60–70, 70–80)
- Multiple smoothing options: SMA, EMA, SMMA, WMA, VWMA
- Bullish/Bearish divergence detection with labels and alerts
- WMA(45) on RSI for mid-term trend confirmation
- EMA vs WMA45 color-fill (green for bullish, red for bearish)
- Multi-timeframe support (Daily, H4, H1)
How to use:
- Spot potential reversals with RSI divergence
- Confirm trend direction when RSI EMA > WMA45 (bullish) or EMA < WMA45 (bearish)
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.