RSI Divergence Screener (MTF)

[Note: This is an Alpha release. May have some bugs, please add issues in comments or ping me directly]

This powerful screener identifies RSI divergences across multiple symbols and timeframes, presenting the results in a clean, easy-to-read table. It screens for both regular bullish and bearish divergences, allowing you to quickly spot potential trend reversals.

The screener tracks the status of each divergence, categorizing it as:

Active (A): A divergence has formed and is still developing.

Complete (✔): The divergence has been confirmed (optionally, by the RSI crossing the 50 midpoint).

Expired (X): The divergence has persisted for too long without confirmation.

Invalidated (✖): A new high or low has been made, nullifying the divergence.

With customizable settings for RSI length, divergence sensitivity, and the ability to select up to six symbols and three timeframes, this tool is ideal for traders who want to monitor multiple markets efficiently.

Future Features

• Expanded Divergence Types: The indicator will be enhanced to detect Hidden Bullish and Hidden Bearish divergences, which signal trend continuation. This will provide a more comprehensive view of potential trading opportunities.
  
• Advanced Completion Flags: Users will have greater control over how a divergence is confirmed. New options will include:
  
  • RSI Level Confirmation: The ability to specify any RSI level (e.g., 30 or 70) for completion, rather than being limited to the midpoint of 50.
    
  • Breakout/Breakdown Confirmation: A divergence will be marked as complete when the price breaks out above the previous pivot high for a bullish divergence, or breaks down below the previous pivot low for a bearish divergence. This is a powerful signal that the trend has reversed.