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Identifying divergence (triple peaks and triple valleys) with RSI.

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Versionshinweise

Identifying divergence (triple peaks and triple valleys) with RSI.

vor 13 Stunden

Versionshinweise

This indicator detects divergences. Specifically, it looks for a type of triple divergence between price and the Relative Strength Index (RSI) to issue buy or sell signals.

By analyzing the relationship between price movement (high and low pivot points) and the RSI oscillator, this indicator seeks out trading opportunities. Its core logic is to find a specific pattern of three consecutive pivot points where the price is making higher highs (for a bearish signal) or lower lows (for a bullish signal), while the RSI is simultaneously forming lower highs or higher lows, respectively.