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Rsi_divergence

RSI ✶ YSTCThis is a Bonus Indicator from YSTC's Volume Profile Tools. Relative Strength Index (RSI) A momentum based oscillator which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements. What Different about this RSI by YSTC. You get Support and Resistance lines for RSI which are 20, 30, 40, 50, 60, 70, 80. as shown below. It can also show RSI Candles as shown below. For those who want all types of MA with MA Cross can play with this indicator. Below is MA Cross of 9, 21. And for NEW user with untrained eyes who cant yet detect Divergence this indicator Saves you the trouble of finding. Below is Regular Bullish and Bearish Divergence. Linewidth 2. Below is Hidden Bullish and Bearish Divergence. Linewidth 1. You can add this script to your chart by clicking "Add to favorites" button. Have Questions ? Contact: +91 9637070868. Name: Yogesh Patil (YS Trading Coach). Time: Monday to Saturday (10:00 AM - 06:00 PM). Visit our website - YS Trading Coach . FREE Self Study Yourself Course: Trading with Price Action Volume . Free Stock Market Introduction Available here . Paid Course: Trading with Price Action Volume Paid Volume Profile Tools available here.
Penunjuk Pine Script®
oleh YSTC
MTF Stoch RSI + MACD Summary“MTF Stoch RSI + MACD Summary” is a multi-timeframe momentum and trend analysis indicator designed for TradingView. Its primary function is to consolidate Stochastic RSI and MACD readings from multiple user-defined timeframes—ranging from weekly to intraday—into a compact, color-coded summary table. This allows traders to assess the alignment or divergence of momentum and trend signals across different time horizons within a single chart view, providing an efficient means to identify potential trend continuations or reversals. The script begins by defining input parameters for both indicators. For the Stochastic RSI, the user can adjust the RSI period, stochastic length, and smoothing factors for K and D lines, while for the MACD, it allows customization of the fast and slow exponential moving average lengths. Additionally, the script offers flexibility through five user-defined timeframes, enabling multi-level signal comparison. Theme and color customization options are also included to enhance visual clarity, allowing users to personalize the display according to preference or chart background. The computational core of the script calculates the RSI based on a chosen price source (typically the closing price) and applies a stochastic transformation with smoothing to determine momentum extremes—classifying them as overbought, mid-high, mid-low, or oversold depending on their numeric range. The MACD component, computed as the difference between the fast and slow EMAs, is evaluated to determine its state: whether it is crossing upward, crossing downward, above zero, or below zero. These states represent shifts in market momentum and potential trend direction. Both Stochastic RSI and MACD values are retrieved from each selected timeframe using the request.security() function, allowing the indicator to integrate higher and lower timeframe data in real time. Each indicator reading is then converted into a descriptive label and paired with a specific background color for intuitive visual classification. The script organizes this information into a dynamic table displayed at the top-right corner of the chart. This table consists of three columns—timeframe, Stoch RSI status, and MACD status—and automatically updates with the latest market data on every bar close. Through this tabular format, traders can quickly interpret market conditions without having to switch between multiple charts or apply numerous separate indicators. Overall, the MTF Stoch RSI + MACD Summary acts as a comprehensive dashboard that integrates momentum and trend indicators across multiple timeframes. By presenting data in a simplified visual layout, it enables traders to make more informed decisions based on the consistency of market signals. This facilitates clearer identification of overbought or oversold conditions, confirmation of trend strength, and early detection of potential reversals, making it a valuable tool for multi-timeframe technical analysis.
Penunjuk Pine Script®
oleh MrJtrds12_
RSI +WMA+ MA + Div SETUPRSI +WMA+ MA + Div SETUP Индикатор объединяет анализ RSI, скользящих средних RSI (EMA/WMA), дивергенций, автоматические уровни поддержки/сопротивления на RSI, «лестницу цен» для целевых уровней RSI и фильтр тренда со старшего таймфрейма (HTF). Точки входа формируются строго в месте пересечения RSI с заданным уровнем после выполнения выбранного сетапа. Поддержан режим «без повторов до смены направления». Что показывает Линии RSI, EMA(9) от RSI и WMA(45) от RSI. Фон панели: бычий/медвежий/нейтральный режим импульса RSI (по соотношению EMA и WMA и наклону WMA). Маркеры ▲/▼ — смена фазы импульса RSI (не торговые сигналы). Дивергенции (регулярные): Bull/Bear с метками. Auto SnR на RSI: динамические уровни поддержки/сопротивления по экстремумам RSI. WMA SnR points: точки ретеста WMA на RSI. Лестница цен: оценка цены, при которой RSI достигнет выбранных уровней. HTF-линия: WMA(45) от RSI на старшем ТФ (по желанию). Торговые сигналы (BUY/SELL) Сигналы строятся в окне осциллятора RSI ровно в точке кросса: BUY: (по выбранному сетапу) + пересечение RSI↑ заданного уровня (по умолчанию 40) + (опционально) выполнен HTF-фильтр. SELL: (по выбранному сетапу) + пересечение RSI↓ заданного уровня (по умолчанию 60) + (опционально) выполнен HTF-фильтр. Сетапы входа (переключатель) Setup 1: Div + Cross — требуется подтверждённая дивергенция (Bull/Bear) и кросс RSI уровня в пределах заданного «окна» баров. Setup 2: Cross only — только кросс RSI уровня, без требования дивергенции. HTF-фильтр тренда Расчёт WMA(45) от RSI на настраиваемом HTF (M, H1=60, H4=240, D и т. д.). Разрешение Лонга, если HTF_WMA45 ≥ L-уровня (например, 50). Разрешение Шорта, если HTF_WMA45 ≤ S-уровня. Опция «Только после закрытия HTF-свечи» исключает перерисовку фильтра до закрытия старшего бара. Основные настройки RSI Length, Source. EMA Length / WMA Length (для линий на RSI). Визуальные уровни RSI (Up/Down) и подсветка фона. Divergence: пороги показа (RSI ≤ X / ≥ Y), метки. Price ladder: список целевых уровней RSI и «шаг» вывода цен. Auto SnR: три окна lookback, цвета линий. WMA SnR: чувствительность к ретестам WMA. Entries: выбор сетапа, окно после дивергенции, уровни для Лонга/Шорта (по умолчанию 40/60), «ставить метку по фактическому RSI», без повторов. HTF Filter: вкл/выкл, ТФ, уровни для Лонга/Шорта, «только по закрытию», показать HTF-линию. Алерты BUY: HTF ok + Setup OK + RSI cross up SELL: HTF ok + Setup OK + RSI cross down Сообщения алертов — константные строки (совместимы с Pine). Перерисовка Локальные сигналы ставятся на закрытии бара кросса RSI — не перерисовываются. Дивергенции используют pivot-логику (подтверждаются через lookback) — метка появляется после подтверждения. HTF-фильтр без перерисовки при включённой опции «Только после закрытия HTF-свечи». Пример использования H1 фильтр ≥ 50, M5 Setup 1: дождитесь Bull-дивергенции на M5, затем кросса RSI↑40 в течение N баров — получите BUY. Для входов без дивергенций выберите Setup 2. English Description RSI +WMA+ MA + Div SETUP All-in-one RSI toolkit: native RSI, RSI-based EMA/WMA, divergence detection, automatic RSI Support/Resistance, price ladder (target prices for chosen RSI levels), and a configurable Higher-Timeframe (HTF) trend filter. Entry markers are printed exactly at the RSI level cross once the selected setup conditions are met. Includes a No-Repeat option to avoid duplicate signals. Visuals RSI, EMA(9) of RSI, WMA(45) of RSI. Background shading for bull/bear/neutral RSI impulse phases (EMA vs WMA and WMA slope). ▲/▼ phase-change markers (context only, not trade signals). Regular Bull/Bear divergences with optional labels. Auto RSI SnR lines from RSI extremes. WMA SnR points (RSI retests of WMA). Price ladder: estimated price to reach given RSI levels. Optional HTF line: WMA(45) of RSI calculated on a higher timeframe. Trade Signals (BUY/SELL) Signals plot in the RSI pane at the cross point: BUY: selected setup satisfied + RSI crosses up the chosen level (default 40) + optional HTF filter passes. SELL: selected setup satisfied + RSI crosses down the chosen level (default 60) + optional HTF filter passes. Entry Setups (selector) Setup 1: Div + Cross — requires a confirmed Bull/Bear divergence and an RSI level cross within a user-defined bar window. Setup 2: Cross only — RSI level cross only (no divergence required). HTF Trend Filter Computes WMA(45) of RSI on a configurable higher timeframe (e.g., 60=H1, 240=H4, D, etc.). Long allowed if HTF_WMA45 ≥ Long threshold (e.g., 50). Short allowed if HTF_WMA45 ≤ Short threshold. “Close-only” option ensures the HTF filter updates only after the HTF bar closes (no repaint). Key Inputs RSI length/source; EMA/WMA lengths. Visual RSI up/down levels & background shading. Divergence thresholds (RSI ≤ / ≥), labels. Price ladder: target RSI levels & label spacing. Auto SnR: three lookback windows, colors. WMA SnR: retest sensitivity. Entries: setup selector, divergence window, Long/Short levels (40/60 by default), “mark at actual RSI value”, no-repeat. HTF Filter: enable, timeframe, Long/Short thresholds, close-only, show HTF line. Alerts BUY: HTF ok + Setup OK + RSI cross up SELL: HTF ok + Setup OK + RSI cross down Alert messages are constant strings (Pine-compatible). Repaint Notes LTF entry signals are placed at bar close when the cross occurs — no repaint. Divergences rely on pivots; labels plot after confirmation. HTF filter does not repaint when Close-only is enabled. Example H1 filter ≥ 50, M5 Setup 1: wait for a Bull divergence on M5 and an RSI cross up 40 within N bars — you’ll get a BUY. Choose Setup 2 for cross-only entries.
Penunjuk Pine Script®
oleh SergeySVTOP1
PDB - RSI Buy & Sell Zones + SMA (PrintDemBandz)PDB - RSI Buy & Sell Zones A clean, upgraded version of the RSI with shaded momentum zones to make entries and exits easier to spot. The background is divided into five color-coded zones so you instantly see when the market is shifting from bullish to bearish momentum. Shaded Zones Explained: | Zone | RSI Range | Zone Meaning | | --------------------------- | --------- | ----------------------------------------------------- | | Strong Buy (Dark Green) | < 30 | Oversold extreme – high probability bounce zone | Buy Zone (Light Green) | 30–40 | Early accumulation & potential reversal area | Neutral (Grey) | 40–60 | No edge zone – stay patient and wait for direction | | Sell Zone (Light Red) | 60–70 | Market heating up – take profit or prepare to short | | Strong Sell (Dark Red) | > 70 | Overbought extreme – high probability correction zone | A dashed midline at 50 helps instantly gauge trend bias (above = bullish, below = bearish). Use this RSI alone or combine with MACD or MA for stronger confirmations. Search "PDB" in the indicators section for more free indicators.
Penunjuk Pine Script®
oleh PrintDemBandz
RSI Divergence Strategy v6 What this does Detects regular and hidden divergences between price and RSI using confirmed RSI pivots. Adds RSI@pivot entry gates, a normalized strength + volume filter, optional volume gate, delayed entries, and transparent risk management with rigid SL and activatable trailing. Visuals are throttled for clarity and include a gap-free horizontal RSI gradient. How it works (simple) 🧮 RSI is calculated on your selected source/period. 📌 RSI pivots are confirmed with left/right lookbacks (lbL/lbR). A pivot becomes final only after lbR bars; before that, it can move (expected). 🔎 The latest confirmed pivot is compared against the previous confirmed pivot within your bar window: • Regular Bullish = price lower low + RSI higher low • Hidden Bullish = price higher low + RSI lower low • Regular Bearish = price higher high + RSI lower high • Hidden Bearish = price lower high + RSI higher high 💪 Each divergence gets a strength score that multiplies price % change, RSI change, and a volume ratio (Volume SMA / Baseline Volume SMA). • Set Min divergence strength to filter tiny/noisy signals. • Turn on the volume gate to require volume ratio ≥ your threshold (e.g., 1.0). 🎯 RSI@pivot gating: • Longs only if RSI at the bullish pivot ≤ 30 (default). • Shorts only if RSI at the bearish pivot ≥ 70 (default). ⏱ Entry timing: • Immediate: on divergence confirm (delay = 0). • Delayed: after N bars if RSI is still valid. • RSI-only mode: ignore divergences; use RSI thresholds only. 🛡 Risk: • Rigid SL is placed from average entry. • Trailing activates only after unrealized gain ≥ threshold; it re-anchors on new highs (long) or new lows (short). What’s NEW here (vs. the reference) — and why you may care • Improved pivots + bar window → fewer early/misaligned signals; cleaner drawings. • RSI@pivot gates → entries aligned with true oversold/overbought at the exact decision bar. • Normalized strength + volume gate → ignore weak or low-volume divergences. • Delayed entries → require the signal to persist N bars if you want more confirmation. • Rigid SL + activatable trailing → trailing engages only after a cushion, so it’s less noisy. • Clutter control + gradient → readable chart with a smooth RSI band look. Suggested starting values (clear ranges) • RSI@pivot thresholds: LONG ≤ 30 (oversold), SHORT ≥ 70 (overbought). • Min divergence strength: 0.0 = off 3–6 = moderate filter 7–12 = strict filter for noisy LTFs • Volume gate (ratio): 1.0 = at least baseline volume 1.2–1.5 = strong-volume only (fewer but cleaner signals) • Pivot lookbacks: lbL 1–2, lbR 3–4 (raise lbR to confirm later and reduce noise) • Bar window (between pivots): Min 5–10, Max 30–60 (increase Min if you see micro-pivots; increase Max for wider structures) • Risk: Rigid SL 2–5% on liquid majors; 5–10% on higher-volatility symbols Trailing activation 1–3%, trailing 0.5–1.5% are common intraday starts Plain-text examples • BTCUSDT 1h → RSI 9, lbL 1, lbR 3, Min strength 5.0, Volume gate 1.0, SL 4.5%, Trail on 2.0%, Trail 1.0%. • SPY 15m → RSI 8, lbL 1, lbR 3, Min strength 7.0, Volume gate 1.2, SL 3.0%, Trail on 1.5%, Trail 0.8%. • EURUSD 4h → RSI 14, lbL 2, lbR 4, Min strength 4.0, Volume gate 1.0, SL 2.5%, Trail on 1.0%, Trail 0.5%. Notes & limitations • Pivot confirmation means the newest candidate pivot can move until lbR confirms it (expected). • Results vary by timeframe/symbol/settings; always forward-test. • Educational tool — no performance or profit claims. Credits • RSI by J. Welles Wilder Jr. (1978). • Reference divergence script by eemani123: • This version by tagstrading 2025 adds: improved pivot engine, RSI@pivot gating, normalized strength + optional volume gate, delayed entries, rigid SL and activatable trailing, and a gap-free RSI gradient.
Strategi Pine Script®
oleh TagsTrading
Divergences: Price × RSI × OBV The Triple Confirmation Divergence indicator is a sophisticated momentum and volume-based tool designed to identify high-probability trend exhaustion points and potential reversals. It moves beyond traditional single-indicator divergence analysis by synthesizing signals from three core pillars of technical analysis: Price Action, Momentum, and Volume Flow. This indicator works better on the time frames: 1H, 4H, 1D, 1W and 1M.
Penunjuk Pine Script®
oleh gustavojeronimo
RSI DD – RSI Divergence DetectorRSI DD – RSI Divergence Detector (closed-source): What it does: Detects and plots regular and hidden RSI–price divergences using confirmed pivots on both series. Lines are drawn between the two most recent qualifying pivots; optional marks highlight OB/OS peaks at confirmation. Detection method: 1. Compute RSI on a user-selected source and length. Optional EMA/SMA smoothing controls lag. 2. Build price and RSI pivot points with left/right lookbacks; a pivot confirms on the bar where right completes. 3. Pair the latest two pivots of the same type within a user-defined bar-distance window: • Regular Bullish: price makes a lower low while RSI makes a higher low. • Hidden Bullish: price makes a higher low while RSI makes a lower low. • Regular Bearish: price makes a higher high while RSI makes a lower high. • Hidden Bearish: price makes a lower high while RSI makes a higher high. 4. When a valid pair is found, draw a line on the RSI pane from the first RSI pivot to the second; color encodes divergence type. 5. Optional ticks mark RSI extremes when the confirming pivot is beyond OB/OS thresholds. Inputs (key settings): • RSI Period / Source: oscillator base. • Pivot Lookback Left/Right: structure sensitivity; larger = fewer but stronger pivots. • Min/Max Pairing Range: bars allowed between the two pivots; filters stale or too-tight pairs. • Plot Toggles: enable/disable each divergence class. • Signal Pair (visual): optional fast/slow MA pair and smoothing plotted as context; not used in detection. • Levels: OB/OS and midline for visual regime. Plots: • RSI line. • Optional RSI signal line. • Midline (50), OB, OS levels. • Colored divergence lines on RSI: o Regular Bullish (aqua), Hidden Bullish (lime), Regular Bearish (yellow), Hidden Bearish (red). • Optional OB/OS ticks at confirming pivots. How to use: • Works on any symbol and timeframe; higher timeframes reduce noise. • Treat divergences as context. Combine with structure, trend, volume, and risk rules. • Tighten stops or scale when divergence aligns with S/R and higher-TF bias. • Increase right lookback and raise Min Range to reduce whipsaws; lower them to catch earlier turns. Practical guidance: • Swing trading: RSI 14, left=3/right=5, min=8/max=80, OB/OS 70/30. • Intraday: RSI 14, left=2/right=3, min=4/max=40; consider slightly higher smoothing. • If you see too many short lines, raise Min Range or increase right. • If valid turns are missed, lower right or Min Range. Limitations: • Divergences can persist in strong trends. • Pivot detection waits for confirmation, so signals are not predictive on the unconfirmed bar. • OB/OS thresholds are conventional and not optimized to any asset. Alerts (if you add alertcondition) • Regular/Hidden Bullish/ Bearish detected on confirmation bar. • Optional alert when RSI crosses back through midline after a divergence. Version notes: v2: pivot-pair range filter, optional OB/OS peak markers, object count management to prevent clutter, cosmetic controls, and visual signal pair. Copyright © 2025 imaclone (Zen Silva). All rights reserved. License: Private. No copying, sharing, or derivative works. Use limited to this TradingView script. Contact owner for access.
Penunjuk Pine Script®
oleh imaclone_eth
Relative Strength Index Remastered [CHE]Relative Strength Index Remastered — Enhanced RSI with robust divergence detection using price-based pivots and line-of-sight validation to reduce false signals compared to the standard RSI indicator. Summary RSI Remastered builds on the classic Relative Strength Index by adding a more reliable divergence detection system that relies on price pivots rather than RSI pivots alone, incorporating a line-of-sight check to ensure the RSI path between points remains clear. This approach filters out many false divergences that occur in the original RSI indicator due to its volatile pivot detection on the RSI line itself. Users benefit from clearer reversal and continuation signals, especially in noisy markets, with optional hidden divergence support for trend confirmation. The core RSI calculation and smoothing options remain familiar, but the divergence logic provides materially fewer alerts while maintaining sensitivity. Motivation: Why this design? The standard RSI indicator often generates misleading divergence signals because it detects pivots directly on the RSI values, which can fluctuate erratically in volatile conditions, leading to frequent false positives that confuse traders during ranging or choppy price action. RSI Remastered addresses this by shifting pivot detection to the underlying price highs and lows, which are more stable, and adding a validation step that confirms the RSI line does not cross the direct path between pivot points. This design targets the real problem of over-signaling in the original, promoting more actionable insights without altering the RSI's core momentum measurement. What’s different vs. standard approaches? - Reference baseline: The classical TradingView RSI indicator, which uses simple RSI-based pivot detection for divergences. - Architecture differences: - Pivot identification on price extremes (highs and lows) instead of RSI values, extracting RSI levels at those points for comparison. - Addition of a line-of-sight validation that checks the RSI path bar by bar between pivots to prevent signals where the line is interrupted. - Inclusion of hidden divergence types alongside regular ones, using the same robust framework. - Configurable drawing of connecting lines between validated pivot RSI points for visual clarity. - Practical effect: Charts show fewer but higher-quality divergence markers and lines, reducing clutter from the original's frequent RSI pivot triggers; this matters for avoiding whipsaws in intraday trading, where the standard version might flag dozens of invalid setups per session. Key Comparison Aspects Aspect: Title/Shorttitle Original RSI: "Relative Strength Index" / "RSI" Robust Variant: "Relative Strength Index Remastered " / "RSI RM" Aspect: Max. Lines/Labels Original RSI: No specification (Standard: 50/50) Robust Variant: max_lines_count=200, max_labels_count=200 (for more lines/markers in divergences) Aspect: RSI Calculation & Plots Original RSI: Identical: RSI with RMA, Plots (line, bands, gradient fills) Robust Variant: Identical: RSI with RMA, Plots (line, bands, gradient fills) Aspect: Smoothing (MA) Original RSI: Identical: Inputs for MA types (SMA, EMA etc.), Bollinger Bands optional Robust Variant: Identical: Inputs for MA types (SMA, EMA etc.), Bollinger Bands optional Aspect: Divergence Activation Original RSI: input.bool(false, "Calculate Divergence") (disabled by default) Robust Variant: input.bool(true, "Calculate Divergence") (enabled by default, with tooltip) Aspect: Pivot Calculation Original RSI: Pivots on RSI (ta.pivotlow/high on RSI values) Robust Variant: Pivots on price (ta.pivotlow/high on low/high), RSI values then extracted Aspect: Lookback Values Original RSI: Fixed: lookbackLeft=5, lookbackRight=5 Robust Variant: Input: L=5 (Pivot Left), R=5 (Pivot Right), adjustable (min=1, max=50) Aspect: Range Between Pivots Original RSI: Fixed: rangeUpper=60, rangeLower=5 (via _inRange function) Robust Variant: Input: rangeUpper=60 (Max Bars), rangeLower=5 (Min Bars), adjustable (min=1–6, max=100–300) Aspect: Divergence Types Original RSI: Only Regular Bullish/Bearish: - Bull: Price LL + RSI HL - Bear: Price HH + RSI LH Robust Variant: Regular + Hidden (optional via showHidden=true): - Regular Bull: Price LL + RSI HL - Regular Bear: Price HH + RSI LH - Hidden Bull: Price HL + RSI LL - Hidden Bear: Price LH + RSI HH Aspect: Validation Original RSI: No additional check (only pivot + range check) Robust Variant: Line-of-Sight Check: RSI line must not cross the connecting line between pivots (line_clear function with slope calculation and loop for each bar in between) Aspect: Signals (Plots/Shapes) Original RSI: - Plot of pivot points (if divergence) - Shapes: "Bull"/"Bear" at RSI value, offset=-5 Robust Variant: - No pivot plots, instead shapes at RSI , offset=-R (adjustable) - Shapes: "Bull"/"Bear" (Regular), "HBull"/"HBear" (Hidden) - Colors: Lime/Red (Regular), Teal/Orange (Hidden) Aspect: Line Drawing Original RSI: No lines Robust Variant: Optional (showLines=true): Lines between RSI pivots (thick for regular, dashed/thin for hidden), extend=none Aspect: Alerts Original RSI: Only Regular Bullish/Bearish (with pivot lookback reference) Robust Variant: Regular Bullish/Bearish + Hidden Bullish/Bearish (specific "at latest pivot low/high") Aspect: Robustness Original RSI: Simple, prone to false signals (RSI pivots can be volatile) Robust Variant: Higher: Price pivots are more stable, line-of-sight filters "broken" divergences, hidden support for trend continuations Aspect: Code Length/Structure Original RSI: ~100 lines, simple if-blocks for bull/bear Robust Variant: ~150 lines, extended helper functions (e.g., inRange, line_clear), var group for inputs How it works (technical) The indicator first computes the core RSI value based on recent price changes, separating upward and downward movements over the specified length and smoothing them to derive a momentum reading scaled between zero and one hundred. This value is then plotted in a separate pane with fixed upper and lower reference lines at seventy and thirty, along with optional gradient fills to highlight overbought and oversold zones. For smoothing, a moving average type is applied to the RSI if enabled, with an option to add bands around it based on the variability of recent RSI values scaled by a multiplier. Divergence detection activates on confirmed price pivots: lows for bullish checks and highs for bearish. At each new pivot, the system retrieves the bar index and values (price and RSI) for the current and prior pivot, ensuring they fall within a configurable bar range to avoid unrelated points. Comparisons then assess whether the price has made a lower low (or higher high) while the RSI at those points moves in the opposite direction—higher for bullish regular, lower for bearish regular. For hidden types, the directions reverse to capture trend strength. The line-of-sight check calculates the straight path between the two RSI points and verifies that the actual RSI values in between stay entirely above (for bullish) or below (for bearish) that path, breaking the signal if any bar violates it. Valid signals trigger shapes at the RSI level of the new pivot and optional lines connecting the points. Initialization uses built-in functions to track prior occurrences, with states persisting across bars for accurate historical comparisons. No higher timeframe data is used, so confirmation occurs after the right pivot bars close, minimizing live-bar repaints. Parameter Guide Length — Controls the period for measuring price momentum changes — Default: 14 — Trade-offs/Tips: Shorter values increase responsiveness but add noise and more false signals; longer smooths trends but delays entries in fast markets. Source — Selects the price input for RSI calculation — Default: Close — Trade-offs/Tips: Use high or low for volatility focus, but close works best for most assets; mismatches can skew overbought/oversold reads. Calculate Divergence — Enables the enhanced divergence logic — Default: True — Trade-offs/Tips: Disable for pure RSI view to save computation; essential for signal reliability over the standard method. Type (Smoothing) — Chooses the moving average applied to RSI — Default: SMA — Trade-offs/Tips: None for raw RSI; EMA for quicker adaptation, but SMA reduces whipsaws; Bollinger Bands option adds volatility context at cost of added lines. Length (Smoothing) — Period for the smoothing average — Default: 14 — Trade-offs/Tips: Match RSI length for consistency; shorter boosts signal speed but amplifies noise in the smoothed line. BB StdDev — Multiplier for band width around smoothed RSI — Default: 2.0 — Trade-offs/Tips: Lower narrows bands for tighter signals, risking more touches; higher widens for fewer but stronger breakouts. Pivot Left — Bars to the left for confirming price pivots — Default: 5 — Trade-offs/Tips: Increase for stricter pivots in noisy data, reducing signals; too high delays confirmation excessively. Pivot Right — Bars to the right for confirming price pivots — Default: 5 — Trade-offs/Tips: Balances with left for symmetry; longer right ensures maturity but shifts signals backward. Max Bars Between Pivots — Upper limit on distance for valid pivot pairs — Default: 60 — Trade-offs/Tips: Tighten for short-term trades to focus recent action; widen for swing setups but risks unrelated comparisons. Min Bars Between Pivots — Lower limit to avoid clustered pivots — Default: 5 — Trade-offs/Tips: Raise to filter micro-moves; too low invites overlapping signals like the original RSI. Detect Hidden — Includes trend-continuation hidden types — Default: True — Trade-offs/Tips: Enable for full trend analysis; disable simplifies to reversals only, akin to basic RSI. Draw Lines — Shows connecting lines between valid pivots — Default: True — Trade-offs/Tips: Turn off for cleaner charts; helps visually confirm line-of-sight in backtests. Reading & Interpretation The main RSI line oscillates between zero and one hundred, crossing above fifty suggesting building momentum and below indicating weakness; touches near seventy or thirty flag potential extremes. The optional smoothed line and bands provide a filtered view—price above the upper band on the RSI pane hints at overextension. Divergence shapes appear as upward labels for bullish (lime for regular, teal for hidden) and downward for bearish (red regular, orange hidden) at the pivot's RSI level, signaling a mismatch only after validation. Connecting lines, if drawn, slope between points without RSI interference, their color matching the shape type; a dashed style denotes hidden. Fewer shapes overall compared to the standard RSI mean higher conviction, but always confirm with price structure. Practical Workflows & Combinations - Trend following: Enter longs on regular bullish shapes near support with higher highs in price; filter hidden bullish for pullback buys in uptrends, pairing with a rising smoothed RSI above fifty. - Exits/Stops: Use bearish regular as reversal warnings to tighten stops; hidden bearish in downtrends confirms continuation—exit if lines show RSI crossing the path. - Multi-asset/Multi-TF: Defaults suit forex and stocks on one-hour charts; for crypto volatility, widen pivot ranges to ten; scale min/max bars proportionally on daily for swings, avoiding the original's intraday spam. Behavior, Constraints & Performance Signals confirm only after the right pivot bars close, so live bars may show tentative pivots that vanish on close, unlike the standard RSI's immediate RSI-pivot triggers—plan for this delay in automation. No higher timeframe calls, so no security-related repaints. Resources include up to two hundred lines and labels for dense charts, with a loop in validation scanning up to three hundred bars between pivots, which is efficient but could slow on very long histories. Known limits: Slight lag at pivot confirmation in trending markets; volatile RSI might rarely miss fine path violations; not ideal for gap-heavy assets where pivots skip. Sensible Defaults & Quick Tuning Start with defaults for balanced momentum and divergence on most timeframes. For too many signals (like the original), raise pivot left/right to eight and min bars to ten to filter noise. If sluggish in trends, shorten RSI length to nine and enable EMA smoothing for faster adaptation. In high-volatility assets, widen max bars to one hundred but disable hidden to focus essentials. For clean reversal hunts, set smoothing to none and lines on. What this indicator is—and isn’t RSI Remastered serves as a refined momentum and divergence visualization tool, enhancing the standard RSI for better signal quality in technical analysis setups. It is not a standalone trading system, nor does it predict price moves—pair it with volume, structure breaks, and risk rules for decisions. Use alongside position sizing and broader context, not in isolation. Disclaimer The content provided, including all code and materials, is strictly for educational and informational purposes only. It is not intended as, and should not be interpreted as, financial advice, a recommendation to buy or sell any financial instrument, or an offer of any financial product or service. All strategies, tools, and examples discussed are provided for illustrative purposes to demonstrate coding techniques and the functionality of Pine Script within a trading context. Any results from strategies or tools provided are hypothetical, and past performance is not indicative of future results. Trading and investing involve high risk, including the potential loss of principal, and may not be suitable for all individuals. Before making any trading decisions, please consult with a qualified financial professional to understand the risks involved. By using this script, you acknowledge and agree that any trading decisions are made solely at your discretion and risk. Do not use this indicator on Heikin-Ashi, Renko, Kagi, Point-and-Figure, or Range charts, as these chart types can produce unrealistic results for signal markers and alerts. Best regards and happy trading Chervolino
Penunjuk Pine Script®
oleh chervolino
BLACK MAGIC RSIWhat Is the RSI? The Relative Strength Index (RSI) is a momentum indicator used in technical analysis to measure the speed and strength of recent price movements. It was developed by J. Welles Wilder Jr. and is one of the most popular tools for identifying whether an asset is overbought or oversold. 🔹 How It Works The RSI moves on a scale from 0 to 100 and compares the size of recent gains to recent losses. When the RSI value is high, it means prices have risen quickly. When the RSI value is low, it means prices have fallen sharply.
Penunjuk Pine Script®
oleh bekesdominik
Eyas's EyeTry it and see!! # 🦅 EYAS'S EYE - Multi-Confluence Trend Strategy A systematic trading strategy combining multiple technical indicators with advanced risk management for high-probability trades in trending markets. ## 📊 OVERVIEW **Trading Style:** Swing/Position Trading **Direction:** Long & Short **Best Timeframes:** 4H, Daily **Markets:** Crypto, Forex, Indices ## 🎯 METHODOLOGY **Multi-Indicator Confluence System:** - Trend analysis for market direction - Momentum indicators for timing - Volatility-based entry zones - Dynamic ATR-based risk management **Entry Requirements:** - Multiple confirming signals required - Strong trend filtering - Minimum bars between trades - Balanced long/short exposure **Exit Strategy:** - Volatility-adjusted stop losses - High risk-reward targets (6:1) - Trailing stops to capture trends - Signal-based exits - Minimum hold time to let winners run ## ✨ KEY FEATURES ✅ Realistic execution model (no look-ahead bias) ✅ Dynamic risk management ✅ Customizable parameters ✅ Clear visual signals ✅ Real-time performance metrics ## 📈 PERFORMANCE Backtested on ETH/USD (12 months): - Win Rate: 88-93% - 500+ closed trades - Strong profit factor - Consistent monthly returns **Best in:** Trending markets with medium-high volatility **Challenges:** Choppy sideways markets ## 🔒 ACCESS **This is a PROTECTED script** To request access, send me a private message or comment below. ## ⚠️ DISCLAIMER Trading involves substantial risk. Past performance does not guarantee future results. This is not financial advice. Always test with paper trading first and never risk more than you can afford to lose. --- **Strategy Philosophy:** Quality over quantity. The name "Eyas's Eye" represents the sharp vision of a young eagle - patience in waiting for the right moment and the ability to spot opportunities others miss. 🦅 **Trade with vision. Trade with Eyas's Eye.**
Strategi Pine Script®
oleh eyasaboud
1
RSI-like VWAP — DivergencesThis script introduces a unique RSI-style oscillator built from VWAP (Volume-Weighted Average Price) instead of price alone, offering a more volume-aware perspective of market momentum. 🔹 Key Features: Computes an RSI-like indicator using either a per-bar VWAP proxy (HLC3/OHLC4) or true intrabar VWAP (via lower timeframe aggregation). Customizable overbought, oversold, midline, and deadband levels for better signal filtering. Divergence detection (regular + hidden) between price and the VWAP-RSI oscillator, with clear lines and labels in the indicator pane. Auto-scaled pivot sensitivity across different chart timeframes to maintain consistency. Built-in alert conditions for bullish/bearish divergences, making it watchlist-friendly. 🔹 Use Cases: This tool helps traders spot momentum shifts and early reversal signals by blending the logic of RSI with the weighting power of VWAP. It’s especially useful for detecting divergences where price action may be misleading without volume context.
Penunjuk Pine Script®
oleh ajaiybhagvvat
Universal Breakout Strategy [KedArc Quant]Description: A flexible breakout framework where you can test different logics (Prev Day, Bollinger, Volume, ATR, EMA Trend, RSI Confirm, Candle Confirm, Time Filter) under one system. Choose your breakout mode, and the strategy will handle entries, exits, and optional risk management (ATR stops, take-profits, daily loss guard, cooldowns). An on-chart info table shows live mode values (like Prev High/Low, Bollinger levels, RSI, etc.) plus P&L stats for quick analysis. Use it to compare which breakout style works best on your instrument and timeframe, whether intraday, swing, or positional trading 🔑 Why it’s useful * Flexibility: Switch between breakout strategies without loading different indicators. * Clarity: On-chart info table displays current mode, relevant indicator levels, and live strategy P&L stats. * Testing efficiency: Quickly A/B test different breakout styles under the same backtest environment. * Transparency: Every trade is rule-based and displayed with entry/exit markers. 🚀 How it helps traders * Lets you experiment with breakout strategies quickly without loading multiple scripts. * Helps identify which breakout method fits your instrument & timeframe. * Gives clear on-chart visual + statistical feedback for confident decision-making. ⚙️ Input Configuration * Breakout Mode → choose which strategy to test: * *Prev Day* → breakouts of yesterday’s High/Low. * *Bollinger* → Upper/Lower BB pierce. * *Volume* → Breakout confirmed with volume above average. * *ATR Stop* → Wide range breakout using ATR filter. * *Time Filter* → Breakouts inside defined session hours. * *EMA Trend* → Breakouts only in EMA fast > slow alignment. * *RSI Confirm* → Breakouts with RSI confirmation (e.g. >55 for longs). * *Candle Confirm* → Breakouts validated by bullish/bearish candle. * Lookback / ATR / Bollinger inputs → adjust sensitivity. * Intrabar mode → option to evaluate breakouts using bar highs/lows instead of closes. * Table options → show/hide info table, show/hide P&L stats, choose corner placement. 📈 Entry & Exit Logic * Entry → occurs when breakout condition of chosen mode is met. * Exit → default exits via opposite signals or optional stop/target if enabled. * Session filter → optional auto-flat at session end. * P&L management → optional daily loss guard, cooldown between trades, and ATR-based stop/take profit. ❓ FAQ — Choosing the best setup Q: Which strategy should I use for which chart? * *Prev Day Breakouts*: Best on indices, FX, and liquid futures with strong daily levels. * *Bollinger*: Works well in range-bound environments, or crypto pairs with volatility compression. * *Volume*: Good on equities where breakout strength is tied to volume spikes. * *ATR Stop*: Suits volatile instruments (commodities, crypto). * *EMA Trend*: Useful in trending markets (stocks, indices). * *RSI Confirm*: Adds momentum filter, better for swing trades. * *Candle Confirm*: Ideal for scalpers needing visual confirmation. * *Time Filter*: For intraday traders who want signals only in high-liquidity sessions. Q: What timeframe should I use? * Intraday traders → 5m to 15m (Time Filter, Candle Confirm). * Swing traders → 1H to 4H (EMA Trend, RSI Confirm, ATR Stop). * Position traders → Daily (Prev Day, Bollinger). * Breakout A trade entry condition triggered when price crosses above a resistance level (for longs) or below a support level (for shorts). * Prev Day High/Low Formula: Prev High = High of (Day ) Prev Low = Low of (Day ) * Bollinger Bands Formula: Basis = SMA(Close, Length) Upper Band = Basis + (Multiplier × StdDev(Close, Length)) Lower Band = Basis – (Multiplier × StdDev(Close, Length)) * Volume Confirmation A breakout is only valid if: Volume > SMA(Volume, Length) * ATR (Average True Range) Measures volatility. Formula: ATR = SMA(True Range, Length) where True Range = max(High–Low, |High–Close |, |Low–Close |) * EMA (Exponential Moving Average) Weighted moving average giving more weight to recent prices. Formula: EMA = (Price × α) + (EMA × (1–α)) with α = 2 / (Length + 1) * RSI (Relative Strength Index) Momentum oscillator scaled 0–100. Formula: RSI = 100 – (100 / (1 + RS)) where RS = Avg(Gain, Length) ÷ Avg(Loss, Length) * Candle Confirmation Bullish candle: Close > Open AND Close > Close Bearish candle: Close < Open AND Close < Close Win Rate (%) Formula: Win Rate = (Winning Trades ÷ Total Trades) × 100 * Average Trade P&L Formula: Avg Trade = Net Profit ÷ Total Trades 📊 Performance Notes The Universal Breakout Strategy is designed as a framework rather than a single-asset optimized system. Results will vary depending on the chart, timeframe, and asset chosen. On the current defaults (15-minute, INR-denominated example), the backtest produced 132 trades over the selected period. This provides a statistically sufficient sample size. Win rate (~35%) is relatively low, but this is balanced by a positive reward-to-risk ratio (~1.8). In practice, a lower win rate with larger wins versus smaller losses is sustainable. The average P&L per trade is close to breakeven under default settings. This is expected, as the strategy is not tuned for a single symbol but offered as a universal breakout framework. Commissions (0.1%) and slippage (1 tick) are included in the simulation, ensuring realistic conditions. Risk management is conservative, with order sizing set at 1 unit per trade. This avoids over-leveraging and keeps exposure well under the 5-10% equity risk guideline. 👉 Traders are encouraged to: Experiment with inputs such as ATR period, breakout length, or Bollinger parameters. Test across different timeframes and instruments (equities, futures, forex, crypto) to find optimal setups. Combine with filters (trend direction, volatility regimes, or volume conditions) for further refinement. ⚠️ Disclaimer This script is provided for educational purposes only. Past performance does not guarantee future results. Trading involves risk, and users should exercise caution and use proper risk management when applying this strategy.
Strategi Pine Script®
oleh kedarcquant
3
Tomazz.nq – RSI Dynamic DisplayThis script displays the RSI value directly on your chart for quick and efficient market monitoring. Fully customizable settings : RSI length, overbought/oversold levels, and colors. Clear color logic : red when RSI is above the overbought threshold, red when below the oversold threshold, green otherwise. Compact display in the top-right corner keeps your chart clean and focused. ➡️ Perfect for intraday and swing traders who want an at-a-glance RSI reading without opening a separate indicator window.
Penunjuk Pine Script®
oleh Tomazz_
MAxRSI Signals [KedArc Quant]Description: MAxRSI Indicator Marks LONG/SHORT signals from a Moving Average crossover and (optionally) confirms them with RSI. Includes repaint-safe confirmation, optional higher-timeframe (HTF) smoothing, bar coloring, and alert conditions. Why combine MA + RSI * The MA crossover is the primary trend signal (fast trend vs slow trend). * RSI is a gate, not a second, separate signal. A crossover only becomes a trade signal if momentum agrees (e.g., RSI ≥ level for LONG, ≤ level for SHORT). This reduces weak crosses in ranging markets. * The parts are integrated in one rule: *Crossover AND RSI condition (if enabled)* → plot signal/alert. No duplicated outputs or unrelated indicators. How it works (logic) * MA types: SMA / EMA / WMA / HMA (HMA is built via WMA of `len/2` and `len`, then WMA with `sqrt(len)`). * Signals: * LONG when *Fast MA crosses above Slow MA* and (if enabled) *RSI ≥ Long Min*. * SHORT when *Fast MA crosses below Slow MA* and (if enabled) *RSI ≤ Short Max*. * Repaint-safe (optional): confirms crosses on closed bars to avoid intrabar repaint. * HTF (optional): computes MA/RSI on a higher timeframe to smooth noise on lower charts. * Alerts: crossover alerts + state-flip (bull↔bear) alerts. How to use (step-by-step) 1. Add to chart. Set MA Type, Fast and Slow (keep Fast < Slow). 2. Turn Use RSI Filter ON for confirmation (default: RSI 14 with 50/50 levels). 3. (Optional) Turn Repaint-Safe ON for close-confirmed signals. 4. (Optional) Turn HTF ON (e.g., 60 = 1h) for smoother signals on low TFs. 5. Enable alerts: pick “MAxRSI Long/Short” or “Bullish/Bearish State”. Timeframe guidance * Intraday (1–15m): EMA 9–20 fast vs EMA 50 slow, RSI filter at 50/50. * Swing (1h–D): EMA 20 fast vs EMA 200 slow, RSI 50/50 (55/45 for stricter). What makes it original * Repaint-safe cross confirmation (previous-bar check) for reliable signals/alerts. * HTF gating (doesn’t compute both branches) for speed and clarity. * Warning-free MA helper (precomputes SMA/EMA/WMA/HMA each bar), HMA built from built-ins only. * State-flip alerts and optional RSI overlay on price pane. Built-ins used `ta.sma`, `ta.ema`, `ta.wma`, (HMA built from these), `ta.rsi`, `ta.crossover`, `ta.crossunder`, `request.security`, `plot`, `plotshape`, `barcolor`, `alertcondition`, `input.*`, `math.*`. Note: Indicator only (no orders). Test settings per symbol. Not financial advice. ⚠️ Disclaimer This script is provided for educational purposes only. Past performance does not guarantee future results. Trading involves risk, and users should exercise caution and use proper risk management when applying this strategy.
Penunjuk Pine Script®
oleh kedarcquant
ZenAlgo - MarsThis indicator is a momentum-based oscillator built around a modified RSI calculation and subsequent smoothing with moving averages. It introduces a layered structure where divergences, signal crossovers, histogram dynamics, and multi-timeframe tables all combine into a comprehensive framework. The purpose is not to forecast markets with certainty but to provide structured context on momentum shifts, divergences, and trend bias. Core Calculation The base source is the closing price. From it, relative upward and downward movements are measured over a chosen lookback length (by preset or manual input). These values are normalized into an oscillator bounded between 0–100, equivalent to a traditional RSI structure. This oscillator is smoothed by a moving average (SMA by default), producing the main line (MA). A secondary smoothing (EMA by default) of the MA produces a signal line, against which crossovers are monitored. Why this structure: RSI captures momentum imbalance between gains and losses. Smoothing removes noise and makes divergences more stable to identify. Adding a signal line allows crossover events to highlight relative strengthening or weakening momentum phases. Zones and Visual Guides Static horizontal levels are placed at 70 (upper bound), 50 (mid-line), and 30 (lower bound). The region between 30–70 is softly filled to emphasize the neutral zone. Color changes on the MA line occur depending on whether it is above or below the signal line. Why these levels: Values above 70 or below 30 are commonly interpreted as overextended regions. A central 50 line separates positive from negative bias. These anchors allow consistent interpretation of oscillator movements. Crossover Events Alerts and conditions are defined for when the MA crosses above or below the signal line. These are not entry signals by themselves but indicate shifts in relative momentum strength. Divergence Detection Divergences are calculated on the smoothed MA rather than raw RSI. Four conditions are tracked: Regular bullish (price makes a lower low while MA makes a higher low). Hidden bullish (price higher low with MA lower low). Regular bearish (price higher high with MA lower high). Hidden bearish (price lower high with MA higher high). Each detected divergence is marked with shapes and labeled "R" (regular) or "H" (hidden). Why divergences are used: They highlight when oscillator momentum disagrees with price structure. Regular divergences often suggest exhaustion, while hidden divergences may appear during continuation phases. RSI & MA Multi-Timeframe Table A table can be displayed showing RSI and MA values across multiple timeframes (1m, 5m, 15m, 1h, 4h, 1D). For each, the relationship (Rising, Falling, Neutral) is determined by comparing RSI and MA. Colors are adjusted depending on value ranges (extreme low, oversold, overbought, etc.). Added value: Instead of analyzing divergences or crossovers only on one chart, the table provides a compact overview of aligned or conflicting conditions across timeframes. Strong and Warning Indications "Strong" mark (Diamond) appear when the MA is firmly biased above or below 50 and hidden divergence supports the trend. "Warning" mark (Triangle) appear when bias is strong but a regular divergence forms in the opposite direction. Shapes mark these conditions, and alerts are available. Why this distinction: Hidden divergences often accompany continuation phases, while regular divergences may challenge the prevailing bias. Marking them separately allows the user to distinguish between potential trend reinforcement versus warning conditions. Signal Table A separate table summarizes: Overall trend bias (Bull, Full Bull, Bear, Full Bear, Flat). Time spent in each key zone. Current MA trend (Rising, Falling, Flat). Visual icons and color codes provide quick interpretation. Time in Zones The indicator measures how many bars (converted into minutes) the MA has spent: above 70 above 50 below 50 below 30 These values appear in the signal table. Why this matters: Extended time in an extreme zone can show persistent momentum. Quick reversals versus sustained positioning give different context for bias strength. MA vs Signal Histogram A histogram plots the difference between MA and signal line, shifted around the 50 level. Rising differences are shown with brighter coloring, falling differences with faded tones. This emphasizes whether momentum is accelerating or decelerating. Daily VWAP Integration When the MA crosses the 50 level, additional conditions check whether the histogram is aligned and whether price is above or below the daily VWAP. Only when both momentum bias and VWAP alignment agree are triangle markers shown. Why VWAP is included: VWAP serves as an intraday mean reference. Requiring alignment between oscillator momentum and price position relative to VWAP reduces random crossover noise. Added Value Over Free Indicators Divergences are calculated on smoothed momentum rather than raw RSI, reducing false positives. Integration of multi-timeframe tables avoids the need to manually switch charts. Bias measurement in terms of time spent in zones adds a temporal dimension often missing in basic oscillators. Combining histogram dynamics with VWAP filtering provides context not present in typical RSI or MA overlays. Limitations and Disclaimers Divergences are not predictive on their own; price may continue without respecting them. Extreme readings (e.g., above 70) can remain extended for long periods, especially in strong trends. Multi-timeframe aggregation may introduce repainting effects when lower timeframes update faster than higher ones. Signals must be interpreted in broader market context; the indicator does not provide trade entries or exits by itself. How to Interpret Values Above 70: momentum is strongly stretched upward. Below 30: momentum is strongly stretched downward. Crossing 50: often marks a structural change in directional bias. MA rising vs. falling: tracks whether momentum pressure is increasing or decreasing. Divergence labels: "R" = potential reversal, "H" = potential continuation. Tables: confirm whether bias is consistent across multiple timeframes. Best Use Observe divergences in conjunction with bias tables to understand whether short-term moves align with higher-timeframe conditions. Treat "Strong" and "Warning" markers as contextual alerts, not direct signals. Use the histogram and VWAP alignment to filter out weaker crossovers. Combine with price action and risk management rather than using in isolation.
Penunjuk Pine Script®
oleh ZenAlgo_Official
RSI DivergenceThe code originally belongs to Matthew J. Slabosz, the founder of Zen Trading (The Art of Trading). ✍️📈 👉 My contribution and improvement was adding a divergence line directly on the RSI chart. Why? Because most people can’t confirm correctness just by reading the code. 🧑‍💻❌ They need to see it with their own eyes 👀✔️ — this prevents misinterpretation and makes divergences crystal clear. ✨ By adding these visual confirmations, the efficiency and usability of the code has been significantly enhanced. 🚀📊
Penunjuk Pine Script®
oleh scalpingwhisper
1
NPM Rsi DivergenceNPM RSI Divergence Indicator The NPM RSI Divergence Indicator is a closed-source tool designed to help traders identify potential reversals and high-probability trade setups using divergence between price action and the Relative Strength Index (RSI). It highlights areas where momentum is weakening or strengthening, giving traders early signals of potential trend changes. What it does Detects divergences between RSI and price movement, indicating potential trend reversals or continuation. Shows the strength or reliability of each divergence signal to help traders gauge probability. Plots visual markers directly on the chart for easier recognition of potential setups. Helps traders spot early exhaustion points in trends before price reverses or continues strongly. How it works (concept-level) Compares price highs/lows with RSI highs/lows to detect hidden or regular divergences. Applies adaptive filtering to reduce false signals in choppy or low-volatility markets. Aggregates divergence signals into clear visual markers and strength indicators. Incorporates momentum context to highlight divergences that are more likely to produce actionable moves. How to use it 1. Apply the indicator to your chosen symbol and timeframe. 2. Observe divergence markers and their strength indicators on the chart. 3. Confirm potential trade opportunities by considering trend direction and market context. 4. Use divergence signals to assist with trade entry, exit, or risk management decisions. Alerts Optionally set alerts when divergence signals appear or when the strength indicator exceeds a user-defined threshold. Notes Suitable for multiple markets, including forex, indices, crypto, and equities. Can be used on intraday or swing trading timeframes depending on your trading strategy. ⚠️ Disclaimer: This script is for educational purposes only and is not financial advice. Trading involves risk, and you can lose money. Always test strategies on a demo account and practice proper risk management.
Penunjuk Pine Script®
oleh claych29