Overlay - HARSI + Divergences

20 ott 2022

// All credit to © //Author=JayRogers & VuManChu Cipher B for their original Scripts (Open Source)


/ ====== ABOUT THIS INDICATOR
// I've combined some part of the code of the following indicators to get some alerts based on the Idea and Use section below :
// - RSI based Heikin Ashi candle oscillator
// - Divergence based on the VuManChu Cipher B
// -- This is the OVERLAY Version
//
// ====== ARTICLES and FURTHER READING
//
// - investopedia.com/terms/h/heikinashi.asp
//
// "Heikin-Ashi is a candlestick pattern technique that aims to reduce
// some of the market noise, creating a chart that highlights trend
// direction better than typical candlestick charts"
//
// ====== IDEA AND USE
// - The use of the HA RSI indicator when in the OverSold and OverBought
// area combined to a Divergence & a OB/OS buy/sell
// on the Cipher B by VuManChu.
// Can be useful as a confluence at S/R levels.
// *** Tip = 1 minute timeframe seems to work the best on FOREX
//
// *** Alerts :
// - The Divergence alert needs 2 bar to calculate,
// so alerts and dots as well, it will be placed on the right spot on
// the chart as per the offset added.
// - Use "Once Per Bar" for the alert, not per bar close, or you would
// have 1 extra bar delay
//
// ** Contributions : Remodel some part of the original script in order to get :
// --> Total conditions for an alert and a dot to display, resumed :
// - Buy/Sell in OB/OS
// - Divergence Buy/Sell
// - RSI Overlay is in OB/OS on current bar (or was the bar before)
// when both Buy/Sell dots from VMC appears.
//
// ====== DISCLAIMER
// For Tradingview & Pinescript moderators =
// This follow a strategy where RSI Overlay from JayRogers script shall be
// in OB/OS zone, while combining it with the VuManChu Cipher B Divergences
// Buy&Sell + Buy/sell alerts In OB/OS areas.
// Any trade decisions you make are entirely your own responsibility.
//
// Thanks to dynausmaux for the code
// Thanks to falconCoin for

inspired me to start this.
// Thanks to LazyBear for WaveTrend Oscillator

// Thanks to RicardoSantos for

20 ott 2022

Note di rilascio

-- Removed Offset for OB/OS Buy/Sell small dots

21 ott 2022

Note di rilascio

-- Added 3 Line Strike as a confluence when it occurs while HARSI is OB/OS

22 ott 2022

Note di rilascio

-- Added S/R probability. Thanks to informanerd. Usage, Credit, and Link in the script description.
This can add confluence and help visualize levels.
You can change the TF used and if you want to Extend levels or not.

22 ott 2022

Note di rilascio

-- Minor fix

9 gen 2023

Note di rilascio

-- Cleaned the code and settings for better visibility and usage

9 gen 2023

Note di rilascio

-- Last update was a glitch and quit the overlay function, fixed now.