OPEN-SOURCE SCRIPT
Triple RSI Divergence
Triple rsi divergence
Sure! Here's a clear explanation in English of the Triple RSI Divergence Pine Script I shared earlier:
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Explanation of the Triple RSI Divergence Pine Script
This Pine Script is designed to detect triple divergence patterns between the RSI (Relative Strength Index) and price action, which can signal potential trend reversals.
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What is Triple Divergence?
Triple divergence occurs when price creates three consecutive higher highs (in an uptrend) or lower lows (in a downtrend), while the RSI moves in the opposite direction — forming lower highs or higher lows respectively.
This pattern is considered a strong reversal signal because it indicates momentum is weakening despite price continuing its trend.
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What This Script Does:
Calculates RSI (14-period)
Identifies three recent highs/lows in price and RSI
Checks for:
Bearish triple divergence: price makes 3 higher highs, RSI makes 3 lower highs.
**Bullish
Sure! Here's a clear explanation in English of the Triple RSI Divergence Pine Script I shared earlier:
---
Explanation of the Triple RSI Divergence Pine Script
This Pine Script is designed to detect triple divergence patterns between the RSI (Relative Strength Index) and price action, which can signal potential trend reversals.
---
What is Triple Divergence?
Triple divergence occurs when price creates three consecutive higher highs (in an uptrend) or lower lows (in a downtrend), while the RSI moves in the opposite direction — forming lower highs or higher lows respectively.
This pattern is considered a strong reversal signal because it indicates momentum is weakening despite price continuing its trend.
---
What This Script Does:
Calculates RSI (14-period)
Identifies three recent highs/lows in price and RSI
Checks for:
Bearish triple divergence: price makes 3 higher highs, RSI makes 3 lower highs.
**Bullish
Skrip sumber terbuka
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Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.