Lij_MC

RSI Divergence Ultimate

Here it is Everyone - What was once hidden is now revealed

This is the Ultimate RSI Divergence Indicator

Not only does it plot Regular and Hidden Divergence lines for an RSI smoothed by an EMA and for its Signal Line
The RSI can be set to change color with direction or can be set as single color with or with out OB / OS highlights
Color Changing RSI helps when trading Multiple Time Frames as you can look for confluence in the direction of RSI

Included options for the Signal Line include;
Various calculations EMA , SMA and Linear Regression which provides very accurate signal line crossover signals
Color Changing with direction
Second RSI with different Length
Multi Time Frame RSI
Bollinger Bands applied to the RSI
RSI Stochastic that has been compressed to fit into RSI OB / OS so that it doesnt compress the RSI when in these regions
There are also Background Highlights (thanks to Chris Moody) for when the RSI Stochastic moves into OB / OS and crosses its signal line

There are plenty of Alerts for signals with more complex alerts coming soon
I have also added Hima Reddy's Power Zones for support and resistance so now you can also
Take full advantage of trading; signal line crosses, 50 crosses and Power Zone RSI support and resistance and much more
The divergence script is thanks to @RicardoSantos, I've just adjusted it to suite my indicator
Remember that divergences work best when traded with the trend or very late in a trend when going against the trend
Versionshinweise: Added option to reverse the colors for RSI Stochastic OB / OS
Versionshinweise: Adjusted colors for RSI Stoch. OB / OS
Versionshinweise: Changed Menu and how RSI Timeframes are selected

Added Choppiness Index Overlay and single bar Histogram colored according to significant levels

Added further highlights as RSI moves into Power Zones or consolidation zone
Versionshinweise: Added MFI and background highlights when MFI is OB/OS
Versionshinweise: Set MFI OB/OS Highlights as default
Versionshinweise: Optional Offset for divergences to where earliest entry can take place

Adjusted Alerts to be easier to see when selecting
Versionshinweise: Mid Line Color According to RSI Above or Below Signal Line 1
Versionshinweise: Set to optimal settings
Added menu for adjustment of MFI OB /OS thresholds for Background Highlights

Tips for use;

Use Hima Ready levels for S/R of RSI

Look for RSI to cross Signal Line (Center Line Color) and Signal Line Direction for confirmation

Look for confluence with your entry indicator

Use appropriate Risk Management
Versionshinweise: Fixed Fault with signal line 2 - RSI
Added color OB / OS highlights of RSI 5 on standard RSI - Shows exhaustion
Changed some defaults
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Kommentare

Hima Reddy Guide to RSI Power Zones

https://youtu.be/biLxfhZYya0
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Great guide for trading Support / Resistance in the RSI Indicator

https://youtu.be/eXw-5hypm-U
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A couple of great guides 1 for trading the RSI and the next for trading divergences

https://youtu.be/fJ1_un39T1o

https://youtu.be/JXSJDE3EzN8
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Hi how do you recommend trading using this indicator? I'm a binary options trader; but also looking into getting into "normal" trading. Thanks!
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hey man, this is an amazing indicator! is it possible to change the the number or left bar lookup for RSI divergences?
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I was looking for something in particular and found this "fount of perfect indicators". Lij_MC likes equipping his scripts not just with all you have ever dreamt about but even a bit more. You can adjust anything, literally. So spend some time with his work, it's definitely worth it. He managed to implement the Hima Reddy's RSI Power Zones into "Ultimate RSI Divergence" as well so you'd better hurrrry and give it a try! ;-)
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Lij_MC C-Greyhound
@C-Greyhound, Wow Thank You! Hope it helps you with many successful trades
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A Dead Simple RSI Strategy

https://youtu.be/9-5U_lBJ-50
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For some reason when I open your script in tradingview, it doesn't show me anything on the chart with the candle sticks. Do you perhaps have a solution for this?
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