RSI Screener and Divergence [5ema]

24. März 2023

• Displayed on the RSI chart according to a custom timeframe.
  
• Displays the RSI tracking table of various timeframes.
  
• Identify normal divergence, hidden divergence on RSI chat.
  
• Show buy and sell signals (strong, weak) on the board.
  
• Send notifications when RSI has a buy or sell signal.
  

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I reused some functions, made by (i believe that):

• *©paaax: The table position function.*@everget: The RSI divergence function.*@QuantNomad: The function calculated value and array to show on table for input symbols.

I have commented in my code. Thanks so much!
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How it works:
1. Input :

• input.int length of RSI => calculate RSI.
  
• input.int upper/lower => checking RSI overbought/oversold.
  
• input.int right bars / left bars => returns price of the pivot low & high point => checking divergence.
  
• input.int range upper / lower bars => compare the low & high point => checking divergence.
  
• input.timeframe => request.security another time frame.
  
• input.string table position => display screener table.
  

2. Input bool:

• plot RSI on chart.
  
• Plot Regular Bullish divergence .
  
• Regular Bearish divergence.
  
• Hidden Bullish divergence .
  
• Hidden Bearish divergence.
  

3. Basic calculated:

• Make function for RSI , pivot low & high point of RSI and price.
  
• Request.security that function for earch time frame.
  
• Result RSI, Divergence.
  

4. Condition of signal:
Buy condition:

• RSI oversold (1)
  
• Bullish divergence (2).
  
• => Buy if (1) and (2), review buy (1) or (2).
  

Sell condition:

• RSI overbought (3).
  
• Bearish divergence (4).
  => Sell if (3) and (4), review sell (3) or (4).
  

5. Table screener:

• Time frame.
  
• RSI (green - oversold, red - overbought)
  
• Divergence (⬈⬈ - regular bullish , ⬊⬊ regular bearish , ⬊ - hidden bullish , ⬈ - hidden bearish ).
  
• Signal (🟢 - Buy, 🔴 - sell, green 〇 - review buy, red 〇 - review sell)
  

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This indicator is for reference only, you need your own method and strategy.
If you have any questions, please let me know in the comments.

24. März 2023

Versionshinweise

Update the reused code:
Reused some functions from. I believe made by:

• ©paaax: The table position function.
• kingthies: The RSI divergence function.
  
• QuantNomad: The function calculated value and array screener for 40+ instruments.
  

Thanks!

24. März 2023

Versionshinweise

Update chart sample.
thanks!

27. März 2023

Versionshinweise

Change the signal shape: 🔴 - > red ⦿
Reason: Pine updated not support.
Thanks

27. März 2023

Versionshinweise

Update divergence shape.
Reason: Pine changed to support.

28. März 2023

Versionshinweise

Update signal shape.
Final:
>>: Regular Bull Divergence.
<<: Regular Bear Divergence.
>: Hidden Bull Divergence.
<: Hidden Bear Divergence.
Green ⦿: Buy.
Red ⦿: Sell.
Green 〇: Review Buy.
Red 〇: Review Sell.
---
Reason change: Pine update not to support special symbol.
Thanks.

3. Apr. 2023

Versionshinweise

Updated Alert conditions and message.

5. Apr. 2023

Versionshinweise

Update:

• Modified Alert.
  
• Select only strong signal or all.
  

Thanks!

11. Apr. 2023

Versionshinweise

Update position of signal.
thanks!

11. Apr. 2023

Versionshinweise

Some bros recommend me to return the signal shape to the original.
thanks.

22. Apr. 2023

Versionshinweise

Update: Add the Alert for Regular Divergence (review Buy, Sell).
thanks!

24. Apr. 2023

Versionshinweise

Update: changed title and short title
thanks!

24. Aug. 2023

Versionshinweise

Update:

• Position some items.
  
• Tooltip of some items.
  

24. Aug. 2023

Versionshinweise

Update:
Change content of Alert.

24. Okt. 2023

Versionshinweise

add RSI MA

24. Okt. 2023

Versionshinweise

add Overbought and Oversold fill color

6. Nov. 2023

Versionshinweise

Add strong signal condition

7. Nov. 2023

Versionshinweise

modify condition

18. Feb. 2024

Versionshinweise

• Optimizing the code
  
• Add theme color