OPEN-SOURCE SCRIPT

RSI with Close & Tail Divergences

Aktualisiert
RSI divergence is a cornerstone signal for both stock and cryptocurrency traders, renowned for its reliability.

The basis for measuring divergence can vary:

  • Historically, it's been determined by the candlestick's closing price.
  • However, a contemporary approach uses the tail values, specifically the high and low prices, of the candlestick.

Depending on the criteria selected, the resultant signals can be markedly different.

Our innovative indicator offers:

  1. Divergence tracking based on the closing price of the candlestick.
  2. Divergence tracking considering the candlestick's peak and trough values.
  3. A unique convergence of both types of divergence signals.


With this tool, traders are empowered to make informed decisions, anchored in precise divergence cues.


This indicator boasts the following capabilities:

  • Displays divergence based on closing price, highs/lows, as well as a unique combined criterion.
  • Highlights pivot points.
  • Denotes divergence spots on the RSI chart with lines.
  • Offers a background color representation instead of labels.


Snapshot

Versionshinweise
RSI divergence is a cornerstone signal for both stock and cryptocurrency traders, renowned for its reliability.

The basis for measuring divergence can vary:

  • Historically, it's been determined by the candlestick's closing price.
  • However, a contemporary approach uses the tail values, specifically the high and low prices, of the candlestick.

Depending on the criteria selected, the resultant signals can be markedly different.

Our innovative indicator offers:

  1. Divergence tracking based on the closing price of the candlestick.
  2. Divergence tracking considering the candlestick's peak and trough values.
  3. A unique convergence of both types of divergence signals.


With this tool, traders are empowered to make informed decisions, anchored in precise divergence cues.


This indicator boasts the following capabilities:

  • Displays divergence based on closing price, highs/lows, as well as a unique combined criterion.
  • Highlights pivot points.
  • Denotes divergence spots on the RSI chart with lines.
  • Offers a background color representation instead of labels.


Snapshot
Relative Strength Index (RSI)rsidivrsi_divergencersidivergence

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?

Haftungsausschluss